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How to Issue an Employee Loan

A step-by-step guide on how an admin can create a loan category, issue an employee a loan, approve, and disburse the loan.

Updated over 2 months ago

How to create a loan category

  • Go to Payroll>>Loans

  • Click on Loan settings

  • Click Create category

  • Fill in the required details

  • Click Save

How to Issue an Employee a Loan

  • Go to Payroll>>Loans

  • Click Issue Loan

  • Fill in the required details

  • Click Issue Loan

NB: Loans that will be deducted on employees' payroll are those that have been approved.

How to Approve And Disburse/Mark as Disbursed a Loan

  • Go to Payroll>>Loans

  • Search for the employee

  • Click the three dots at the far right and select approve.

  • Then go to the approved tab

  • Click on the three dots at the far right and mark as disbursed or disburse(If using the payments module on Workpay

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