Make informed decisions about loans & advances

 



Streamlined Deductions

Now keep tabs on where your money is. With Zenyo, start tracking, and automate deducting all loans and arrears you provide to your employees. Employees can manage and repay loan installments using their employee self-service portal. The installments are deducted automatically within the set schedule.

Streamlined Deductions

Configure Eligibility Criteria

Collaborate with loan offering companies, you can incorporate employees' personal loans. With Zenyo, you can configure the loan eligibility criteria based on the employee's salary structure and tenure with the organization to match your organization's needs. Once defined, you can track, monitor, and automate loan deductions and repayment by their status.

Configure Eligibility Criteria

Handy, Accessible, Protected Portal

Let your employees make informed decisions. You may review and approve loans from within the application. From summaries to histories of tax statements, deductions, payslips, loans, deductions collect, gather, validate, and manage with easy clicks. It maintains transparency among the HR teams and employees.

Protected Portal

Loans and Advances Dashboard

The loans and advances dashboard gives information on the total advance paid, the balance amount to be paid, and deductions in the current month. It provides insights into details of all employees, their EMI information, and schedule period that helps them track and manage every transaction.

Loans and Advances


A Flexible Loan and Advance Process Overview

Process Overview
Easy Loan Creation
Easy Loan Creation 01
Enhance loan processing and empower employees with instant loan creation. Zenyo payroll generates accurate agreements, automates deductions, and grants employees self-service access.
Automatic Deductions
Automatic Deductions 02
Ensure timely repayments with automated deductions directly from employee paychecks. Accommodate individual needs with the capability to configure custom deductions too.
Tracking and Management
Tracking and Management 03
Gain complete visibility into company-wide loan details and individual employee information. Employees can track their loan details, payment schedule, and remaining balance anytime, anywhere through our user-friendly employee portal.


Explore the Positive Aspects of Loans and Advances


Positive Aspects
Reduction of Debt
Employees can use loans and advances to consolidate high-interest debts, such as credit card balances or personal loans, into a single, more manageable payment, improving financial management and reducing stress.
Emergency Preparedness
Loans and advances enable employees to prepare for unexpected financial emergencies, such as medical expenses or home repairs, ensuring they have a safety net in times of crisis.
Education and Skill development
Employees may use loans and advances to invest in their education or skill development, such as pursuing higher education or attending professional development courses, which can benefit both the employee and the organization in the long term.
Cost Effective Borrowing
Compared to other forms of lending, such as traditional bank loans, company-provided loans, and advances may come with lower interest rates or minimal processing fees making them a cost-effective borrowing option for employees.

Empower your employees with
Zenyo's flexible loan and advance system!