Flexible Financial Support with Full Control & Transparency
Quick HCM’s Salary Advances & Loans module helps HR and finance teams manage employee financial requests with structured policies, automated tracking, and seamless integration with payroll—while maintaining transparency and audit readiness.
Key Features
Advance & Loan Request Workflow
Employees can request salary advances or loans through the self-service portal with supporting documents and justifications.
Approval Chain Configuration
Route requests through HR, finance, or department heads with multi-level approval workflows.
Loan Ledger & History
Maintain detailed records of disbursed amounts, repayment progress, balance amounts, and past approvals.
Customizable Eligibility Rules
Define rules based on designation, tenure, salary, loan limits, and repayment duration to control eligibility and risk.
Automated Deduction Scheduling
Schedule repayments over fixed periods and auto-deduct from monthly payroll with full visibility.
Policy Compliance & Monitoring
Ensure adherence to company policies and prevent over-borrowing with real-time checks and alerts.
Business Benefits
- Offer financial support without burdening HR or finance
- Ensure clear documentation and repayment tracking
- Avoid payroll errors with automated deduction syncing
- Improve employee satisfaction through structured, accessible loan programs
- Strengthen internal controls and audit readiness
Seamlessly Integrated
- Linked with Payroll for real-time deductions and final settlement adjustment
- Accessible via Employee Self Service
- Reflected in Reports & Dashboard for outstanding balances and disbursal analytics
- Tied to Employee Information Management for eligibility and recordkeeping
Support Your Team—Without Financial Complexity
Quick HCM gives your organization the ability to manage loans and advances with structure, security, and complete automation.
