Employee Loan Management System
Helping employees in need is no more an administrative hassle
Employees are extremely loyal to the organizations that help them in their times of need. HireChamps helps you streamline this process and make it easy for your employees and HR, Finance teams too.
Configurable Loan Policies
Setup loan policies and eligibility criteria
Setup loan eligibility criteria based on the salary of an employee and duration of employment with the organization. HireChamps lets you configure the loan eligibility to suit your organization needs.
Loan management
Easy loan tracking and EMI management
Right from the disbursement of the loan to the recovery of EMIs, HireChamps payroll software helps you easily track and administer the loans and EMI management.
Employee loans
Apply interest rates - simple or compound or zero interest
Configure interest rates once and let HireChamps do all the math for you. You can change the interest rate calculations anytime during the loan tenure.
EMI Management
Pause or adjust EMI deductions
Employees have pressing needs at times and would like to have a pause on their EMI payments for a month or two. HireChamps allows you to manage it all with a simple click of buttons!
