How to mark a Disbursal loan amount as outside Keka payroll?

A loan is money that one individual, organization, or institution lends to another individual, organization, or institution for a specific period. The borrower takes the loan intending to return the actual principal with interest. Keka provides you with an option to disburse loans outside of payroll. Follow the below instructions for the same - 

Steps to Modify the Disbursal Mode

1. Go to: Payroll → Loans → Loans.

2. Select Outstanding Loans.

3. Choose the employee and click the Edit option under Actions.

4. In the Disbursal Mode section, select Outside Payroll.

   

   Note: Modifying the Disbursal Mode is only possible if no EMI has been deducted for any month.

5. Click Update to save the new loan settings.