EMPLOYEE EXPERIENCE
Loan Management
Disbursement, EMI schedule and automatic recovery from payroll until closure.
IN SHORT
What is loan management?
Loan Management
Disbursement, EMI schedule and automatic recovery from payroll until closure.
Employee Experience
What the employee sees — payslips, declarations, claims and requests.
THE PROBLEM
What breaks without loan management
These are the failure modes Indian payroll teams report most often when this is handled on spreadsheets.
Loan balances are tracked on a spreadsheet separate from payroll.
Recovery is missed for a month and the schedule silently drifts.
Outstanding balances are not recovered when an employee exits.
Employees cannot see their remaining balance.
HOW IT WORKS
Loan Management inside a BizzField pay run
Where this sits in the five-step cycle, and what it produces.
Instalment schedule
Recovery schedule generated at disbursement and followed automatically.
Automatic recovery
Each instalment deducted in the pay run without manual entry.
Exit recovery
Outstanding balance pulled into full and final settlement.
BUILT FOR INDIA
Indian statutory rules, applied automatically
Provident fund, employee state insurance, professional tax and income tax are calculated to current rates and wage ceilings, and follow the employee's actual work location.
PF wage ceiling
Employee and employer provident fund computed on basic wages, respecting the statutory monthly ceiling.
ESI eligibility
Applied to employees under the gross wage limit, with contribution-period rules handled across the cycle.
State-wise PT
Professional tax slabs resolved by work location rather than by registered head office.
TDS & Form 24Q
Projected annual tax spread across remaining months, with quarterly Form 24Q output.
QUESTIONS
Loan Management, answered
Yes. A hold can be applied for a defined period, and the schedule extends rather than silently skipping instalments.
The remaining balance is carried into full and final settlement as a recovery against dues payable.
Yes. Edits, overrides, approvals and reversals are written to an immutable audit log against a named user and timestamp, so a closed cycle can always be explained.
BANKING & COMPLIANCE CONNECTIVITY
Corporate Bank Payouts & Accounting Sync for Loan Management
Connect monthly pay runs directly to corporate bank transfer files and General Ledger exports — no manual downloads or format conversions.
BANK CONNECTIVITY
1-Click Corporate Bank Salary Transfer
Key Capabilities
- HDFC merged upload & ICICI iMobile Pay formats
- SBI CINB SFTP format & Axis corporate portal
- Kotak Mahindra Bank batch disbursement support
- 1-click generation after CFO pay run approval
Generate salary payout files formatted to the exact specifications of HDFC, ICICI, SBI, Axis, and Kotak corporate banking portals. Upload and disburse salaries in a single action after pay run approval.
STATUTORY & ACCOUNTING
EPFO ECR Filing & Tally GL Journal Export
Key Capabilities
- EPFO ECR file with UAN, EPF & EPS per employee
- ESIC portal challan file generation
- Tally Prime XML voucher export on pay lock
- Form 24Q NSDL quarterly TDS return file
After each locked pay run, BizzField generates the EPFO ECR text file for provident fund challan submission and a structured GL journal voucher file for Tally Prime, Busy, and Zoho Books.
ENTERPRISE SAFEGUARDS
Bank-Grade Data Privacy & DPDPA 2023 Readiness
Every salary record, bank payout file, and tax declaration is encrypted using AES-256 and hosted on sovereign Indian cloud infrastructure.
DATA PRIVACY
India DPDPA 2023 Data Residency
Key Capabilities
- All payroll data on India-localized cloud servers
- Employee consent tracking & audit trail
- Self-serve data erasure on employee exit
- Automatic data retention policy enforcement
All employee financial records, bank account numbers, PAN/Aadhaar identity data, and tax submissions are stored exclusively on India-localized cloud servers with full consent audit logs.
ACCESS CONTROL
Server-Scoped Roles & AES-256 Encryption
Key Capabilities
- Database-level RBAC, not just UI-level flags
- AES-256 at-rest encryption for all payroll data
- Immutable read-access log per record
- Zero cross-department salary data leakage
Role-based access is enforced at the database query level — HR managers, finance teams, and accountants only see the payroll records they're authorized to process, with no cross-team leakage.
See loan management on your own payroll data
Book a walkthrough with our Kanpur-based payroll team and run a sample cycle on your own salary structure.