Employee's User Guide
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Applying for a loan on Keka

    A few organizations have a provision wherein the employees can apply for loans from the organization itself where an employer lends money to an employee for specific purposes beyond their regular salary. Such purposes could include covering emergency expenses, education, travel, equipment, or housing.

    The terms of these loans vary and are typically outlined in a written agreement, including repayment schedules, interest rates, and potential consequences for non-repayment. This practice aims to provide employees with financial assistance for various needs while maintaining clarity and fairness in the borrowing process.


    Now, let us look at the process for applying for a loan on the Keka portal �

    Go to the My Finances (1) section. Then go to Loans (2) and click on Apply New Loan (3).


    An overlay window will appear where you can select the loan category and enter details (1) like the loan amount, the number of payment instalments, EMI start date, etc.


    After entering all the details, upload supporting documents by clicking on Upload Document (2).

    You can see the entire breakup of the loan amount, along with the total repayment amount, total interest amount and other details by clicking on View details (3), and another overlay window will appear as shown.


    Once all the details are entered, click on Apply.


    Once applied, an email will be triggered to the concerned person in the approval chain.

    The loan request status can be seen by going to Loan Request (1) and under Loan Request Status (2).


    Please let us know if you found this document helpful. If you have any other queries, check out our FAQ articles or contact our product experts!