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Employee Loan Details in HCM

Updated May 18, 2018

Hi Experts,

Is there any option in HCM to store the loan related data of employees?

Thanks in Advance

Comments

02 Jul 2013 7:54 am Rohit Mahajan
Please check IT 0040 (Objects on Loan) in PA30. If it does not suite your
requirement, then you can create a Custom IT.

02 Jul 2013 7:54 am Rohit Mahajan
Loan details can be stored in IT 45.
Function P0045 in payroll schema processes this infotype and brings the details to IT.

Another option is to use IT 15 for loan balance amt at any point and IT 14 for per period dedcution amt. The two wage types are related by V_T51P1. And the Proc cl 50 is used to determine whether the w/t is balance or dedn. These details are processed by the international loan processing subschema XDP0 which is usually in XAL0 subschema. You can copy XDP0 to ZDP0 and customise as you need.
In some clients I have seen that when you enter IT 15 with bal w/t and save, IT 14 is automatically displayed with dedn w/t. I am not sure if this is done through user exit or dynamic actions.

02 Jul 2013 7:55 am Rohit Mahajan
You can use IT0045 where you can maintain the loan amount and the EMI.

02 Jul 2013 7:55 am amit butola
IT45 is useful to update the loan data, but we need it as an information purpose especially during the termination of employees.. so if we are updating the loan data in IT 45 we will it affect the payroll of employees?

Please advise.

02 Jul 2013 7:56 am Rohit Mahajan
Hi,

You can configure recovery schedule in IT0045, and the amount will be recovered from the employees salary on monthly basis. Most of the cases when a loan is given the recovery is made through the monthly salary.

02 Jul 2013 7:56 am Rohit Mahajan
Infotype 0040 for the objects on loan an employee takes from the company and infotype 45 specifically for Loan with all the subtypes included.

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