Clone Loan

Clone a Loan

1. Click on “Payroll“
2. Choose “Loans“
3. View the loan you want to clone.
4. Click on “Clone“
5. A new loan page (“Clone”) will appear with the same details as the previous loan.
   1. You can modify its details as follows:
      •  Employee: Enter the name of the employee for whom the loan is being added and select it from the dropdown list.
      • Application Date: Select the loan application date from the calendar.
      • Amount: Enter the loan amount and select the currency from the adjacent dropdown list.
      • Installment Amount: Enter the installment amount to be deducted from the employee, and the system will automatically calculate the number of installments.
        • Note: The installment amount must be less than or equal to the loan amount.
      • Period of Installment: Choose the loan repayment rate from the dropdown list, selecting from (Monthly, Quarterly, Annually).
      • Installment Start Date: Select the loan installment start date from the calendar.
      • Treasury: Select the treasury from which the loan transactions will be conducted.
      • Repayment from Payslip: Check the box to pay the loan installments from the employee payslip.
      • Note: Enter any required notes about the loan, its amount, and its installments.
6. Click the “Save” button.