Hi Experts,
My client has Vehicle Loan & Company Personal Loan in place.
1/ There is no maximum limit for personal loans.
2/ No interest is charged for personal loans.
3/ All employees are applicable under this scheme.
4/ HR will decide the tenure depending upon the management decision & what to deduct month on month basis, deduction may vary monthly,
5/ Deductions are not fixed.
I went through the loan configuration steps but there re so many options available to be maintained, tenure,interest rate etc that i have become bit confused.
Please guide me on the most important areas to be maintained for these loans.