The process to update existing Loans & Advances details:
Navigation: Menu > HRMS > Loans & Advances App > Select the Employee name > Edit (Pencil Icon)
If user wants to update the existing Loan details, user needs to click on ‘Edit (Pencil Icon)’ option at the top right corner and fill in the required details
Edit Loans
| Field name | Description |
| Loan Name | By default the system shows the name of loan; if user wants to change it, select loan name from the drop-down list |
| Perquisite Rate | The system automatically loads perquisite rate of the loan |
| Loan Amount | By default the system shows the loan amount applied; if user wants to change it, enter the value of loan amount |
| Employee Name | The system loads employee name by default |
| More options: | |
| Series | The system automatically takes series as loans |
| Reason | By default the system shows the reason for the loan; if user wants to change it, user can enter short notes or description about the loan |
| Save As Draft | Users can click on ‘Save as Draft’ option for future reference. |
Apply the required changes and click on Save or users can click on ‘Save as Draft’ option for future reference.