Apply for a loan

You apply for a staff loan from My loans. HR checks it first, then management (usually the Managing Director) gives the final approval. Your line manager isn't involved. When it's approved you get an offer to accept, and once the money is paid out the monthly repayment comes out of your salary.

Steps

1. Open My loans

   In the menu on the left, select My Loan. If you use the HR menu instead, it's HR › Loan › My Loans. The page is called My loans and shows every loan you've applied for. Select Apply for a loan.

   

   1. My Loans in the menu.
   2. Apply for a loan.
   3. One of your loans: its number, type, amount, monthly repayment and the date you applied.
   4. Its status, for example Pending HR approval or Fully paid.
   5. View Details opens the loan (see Accept a loan offer).
2. Fill in the application

   The form fills in your name as Applicant. Fill in the rest.

   

   1. Loan type: each type shows its maximum amount. Only the types HR has made active are listed.
   2. Amount: the hint below shows the allowed range for this type, for example Between 500,000 and 1,000,000.
   3. Repayment (months): how many months you'll repay over, inside the range shown.
   4. Purpose: what the loan is for. Required.
   5. Supporting documents (optional): PDF, JPG or PNG, up to 10 MB each, for example a quotation.
   6. Repayment Summary: your estimated monthly repayment, the interest rate and the total you'll repay.
   7. Loan Type Limits: the maximum and minimum amount, the repayment range and the interest.
   8. Submit application.
3. Submit

   Select Submit application. WbizManager first checks you're eligible:

   • you've worked for the company long enough for this loan type, counted from your join date;
   • you don't already have the most open loans allowed, and no other open application for the same type.

   If you're eligible you'll see Loan application submitted successfully and then Application submitted successfully. You will be notified when it is reviewed. You also get an email.

What happens next

Status in My loans	Means
Pending HR approval	HR is checking it. You can still cancel it from View Details.
Pending MD approval	HR approved it; management gives the final approval.
Awaiting offer response	Approved. Open it to read the offer letter and accept or reject it.
Offer accepted	HR will pay the money out.
Disbursed	The money is paid out; repayments come out of your pay.
Fully paid	You've repaid everything.
Rejected	HR or management turned it down. The reason is in Approval history.
Cancelled	You cancelled it.

Next: Accept a loan offer.

If something goes wrong

Message	What to do
Your sign-in isn't linked to an employee record yet. Ask HR to link your account, then try again.	Ask HR to add your record with the email you sign in with. See Set up employees and supervisors.
Loan types could not be loaded.	Select Try again. If it keeps happening, ask HR to check you can apply for loans.
Please fill in all required fields	Choose a Loan type and enter a Purpose.
Maximum amount for this loan type is … / Minimum amount for this loan type is …	Change the Amount.
Repayment tenure must be between … and … months	Change Repayment (months).
Minimum employment tenure of … months is required. You have … months.	You can't take this loan type yet. Try another type, or ask HR.
Employee must be confirmed to apply for this loan type.	Ask HR: this loan type is only for confirmed staff.
Maximum of … open loan(s) allowed. You currently have …	Repay or cancel an open loan first.
Duplicate application: you already have a pending/approved application for this loan type.	Wait for your other application of this type to finish.
File … exceeds 10MB	Attach a smaller file.