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  3. Payroll Loan Type

What is Payroll Loan Type?

- Payroll Loan Type is used to create a specific loan by naming it and putting on a description. Payroll Loan Types are used to create a Payroll Loans. 

This feature contains the following functions and terminologies:

  • Name - Your Loan Type Name (e.g.: SSS Loan, Pagibig Salary Loan, Company Loan) 
  • Description (Optional) - the description you want to put on your payroll loan type, this is not required upon creating a new payroll loan type