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Loans & Advances
It is very common these days that the organisation provide loans to employees for meeting their urgent fund needs. MPM, which makes possible full employee management with your fingertips, has a special feature to help the employer track all the loans and make sure that the recovery happens at regular intervals.
You can divide the total amount to equal monthly installments with or without interest. The employee may also close the loan at any time by paying back the principal amount.
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