Any employee can apply for an employee loan depending on the company policy. This loan is repaid through payroll deductions in equated monthly installments (EMIs).
To view your Loan Statement, click the My Info menu on the home page and then click Loan Statement under Salary.
Figure 1: Navigating to Loan Statement
The Loan Statement displays a summary about any loan, you have availed from your employer. The page displays the principal amount that you are yet to pay (Balance Principal) and the number of installments pending against your loan (Balance Installments).
Figure 2: Viewing Your Loan Statement
The page displays the following details:
- Total loan amount
- Equated Monthly Installment
- Total number of installments
- Start Date
- Principal Paid
- Interest Paid