Our Loan & Advance Management service enables companies to efficiently disburse employee loans and advances, apply interest rules (if applicable), manage installment recovery through payroll, and maintain a transparent ledger of balances and deductions.

Each transaction is initiated with proper approval workflows, ensuring that HR and finance have full control over eligibility, limits, and repayment terms. This includes defining the repayment period, monthly deduction amounts, grace periods, and interest policies (as per company norms or taxation requirements).

Once disbursed, monthly payroll automatically deducts installments and updates the outstanding loan balance. Real-time statements are generated for employees and can be accessed through their Employee Self-Service (ESS) portal or internal HR dashboard.

Our system supports multiple types of loans and advances simultaneously  each with independent terms, interest rates, and schedules. This enables the organization to offer flexible financial support to staff while maintaining clear records for audits and compliance.

End-to-end integration with payroll also ensures that final settlement cases, early closures, and loan adjustments are managed smoothly without manual intervention.

• Scheduled EMI recovery directly from monthly salary.
• Festival loan, vehicle loan, salary advance, medical emergency advance, and more.
• Define installment amounts, tenure, interest, and recovery start dates.
• Auto-recovery of balance from full and final settlement (F&F) amounts.
• Employees can track loan balance, EMIs, and recovery history via portal.

• Admin control over loan approvals, eligibility, and disbursement.

• Maintain digital loan ledger with date-wise transactions and recovery trails.

We don’t believe in one-size-fits-all auditing. At Pawan Lohia & Associates, every Risk-Based Internal Audit begins with an in-depth understanding of your business model, industry dynamics, and regulatory exposure. Our team collaborates closely with your internal stakeholders to prioritize risk areas, define scope, and execute detailed audits with a strategic lens.