1. 4.3.1 Loans (Info type-0045)
The loan types are stored as subtypes in the Loans info type (0045). Every
loan that user create receives a sequential number. The combination of
loan type and sequential number makes it possible for the system to
uniquely identify every loan. This makes it possible for you to create
several loans of the same type for an employee
In the Loans info type (0045), you enter all the basic data for a company
loan, for example, the approval date and amount of the loan. The system
also displays the loan balance. This data must correspond in all the loan
info type records
For each company loan, you specify which loan conditions apply. You also
determine the repayment instalment amount and the start date of the
repayments. Regardless of the repayment start date, interest payments
are included in the payroll run, immediately after the loan is paid to the
employee by payroll.
In the Loans info type (0045), you enter all the payments that are made
by your company or employee with regard to the loan. This includes
outgoing payments, repayments, and other payments, for example, loan
charges.
You can pay a maximum of the approved amount to the employee. You
can also issue the approved amount in several partial amounts and user
can select the payment types as well. The approval of a loan does not
automatically lead to payment. You must create the loan payment
explicitly.
 HBA advances ID will be start from L001 to L020
 Vehicle advance ID will be start from L021 to L040
 Miscellaneous ID will be start from L041 to L060
Loan/Advance
ID
Loan/Advance Text Min-Max Limit Eligibility
Interest
rate
No of
EMI
L001 HBA for Construction

2. L002 HBA for purchase of Plot
& Construction
L003 HBA for Ready Built
House
Executive-60 Lakhs
Supervisor – 40
Lakhs
Probation should be
complete
L004 HBA for Enlarging the
house
Executive-20 Lakhs
Supervisor/Workmen
– 10 Lakhs
L005 HBA Renovation /
Modernization of living
house
Executive-20 Lakhs
Supervisor/Workmen
– 10 Lakhs
L006 Repayment of Home
Loan to Bank/FI
L021 Car Advances
L022 Motorcycle / Scooter
Advances
L041 Computer Advance
L042 Multipurpose Advance
(interest free) Short
Term
L043 Multipurpose Advance
(interest free) Long
Term
L044 Children Higher
Education advance
L045 Pay Advance (Interest
free)
L046 EPF advance Refundable
EC
L047 EPF advance Refundable
MC
L048 EPF advance Non-
Refundable EC
L049 EPF advance Non-
Refundable MC
L050 EPF advance Refundable
EC Taxable

3. Note: Advances & Interest calculation rates are provided in Given Excel sheet
kindly refer it.