Benefits
Loan
Credit extended to an employee, repaid via payroll deductions.
An employee loan is credit granted by the employer (or a partner) and repaid through scheduled deductions from net pay. A good payroll system tracks the balance, schedules repayments and stops deductions automatically once the loan is cleared.
Related terms
Help & how-to
See it in practice
Loans, salary advances & earned-wage access
Three ways to support staff between paydays, all recovered cleanly through payroll.
Employee self-service: payslips, leave & requests
What employees can do for themselves, on any device, no app store needed.
Approve leave, loans and expenses
How requests flow through the approval inbox and into payroll.
See it applied to real payroll
Vintage People applies these statutory rules on every run, with a full audit trail.