FAQ
No. Your employees cannot apply for loans through the portal. They can view their loan details such as Loan Amount, Amount Repaid, Remaining Amount, Instalments Remaining, Next Repayment Date and Instalment History. You can manually record employee loans in Zoho Payroll through the Loans tab.
We switched from Paybooks to Zoho Payroll due to it's integration with Zoho Books. Also, the user experience is amazing and the automated salary and tax calculation makes the entire payroll process very smooth.
Our HR department has seen a 40% increase in productivity after switching to Zoho Payroll. As a result, they get more time to do their core function of taking care of our employees and fostering relationships.