Employee Loan Automation

An employee may need a loan for a number of reasons- Medical emergencies, financial emergencies, purchase of a new home, vehicle etc. If it takes a long time to process loans, it can cause loss of belief in the system, and demotivate the employee. Sadly, that is the case these days with most loan approvals taking a lot of time. This reduces employee loyalty towards the organization.

How IBISM helps

Employees apply for loans when they are in need of money. If the loan process is hindered by red tape, it demoralizes employees and makes them lose faith in the organization, especially if the loan is needed for some personal emergency.
IBISM's Employee loan automation module make sure that the loan process is smooth and fast, helping secure loans to employees without fuss, and keep their trust intact