Suspend Loan

Explanation

This activity is used to suspend the repayment of an active loan registered to an employee. The suspension of loan repayment can be done for a specified period of time if the employee, for some reasons, is not able to pay back.

Prerequisites

In order to perform this activity, a loan registered to an employee and active is required to be in the system.

System Effects

The loan payment is suspended over a period of time

Window

Loans and Contributions

Related Window Descriptions

Loans and Contributions

Procedure

1. Open the Employee Loan and Contribution window.
2. Find an employee for whom a loan should be suspended.
3. Go to the Loans tab and select the loan to suspend. Right-click and click the Loan Details option.
4. Go to the Suspension tab and click the New button in order to enter the suspension period.
5. Specify dates for the suspension period in the Date From and Date To fields.
6. Save the information.
7. Go back to the main loan window and right-click and click the Suspend option.