How to add new loan?

1. Login to SPARC as Employee.
2. Click on Loan function.
3. Enter Employee ID and then click on Add New Loan.
4. You can fill the details as below: 
   • Catagory : Fill Catagory as Employee Loan
   • Type : You can find 2 different types of interests choose any one   
     • One is Flat Interest 
     • Other one is Reducing Interest
   • Date : Fill the date from when your Loan is applicable.
   • Amount: Rupees 10000 
   • Interest in % : 2%
   • Grace Period : 2 Months 
   • Tenure : 10 Months 
5. Click on Show Schedules.
6. You can find the Recovery Schedule calculation sheet.
7. You can save the sheet (or) cancel.
8. If you choose Reducing Interest as defined in Step-4 and you can do as explained above procedure.