Employee loans that repay themselves
Record a loan or salary advance once and Payroll Africa deducts the agreed repayment every pay period until it's settled. Balances, history and settlement are tracked automatically, so nobody keeps a separate loan spreadsheet.
How it works
- 1
Capture the loan
Enter the amount, repayment per period and start date. Migrating from another system? Capture the opening balance owed.
- 2
Deduct in payroll
Each pay run includes the repayment automatically, capped so it never takes more than the balance owed.
- 3
Update the balance
When a run is paid, the repayment is posted and the balance drops. Reversed runs restore the balance.
- 4
Settle automatically
When the balance reaches zero, deductions stop and the loan is marked settled.
How it helps your business
No double deductions
Only one repayment can be posted per pay period, even if a run is recalculated.
Clear balances
Managers and employees can see exactly how much is still owed.
Less admin
No more remembering to add or remove loan deductions every month.
Smooth migration
Bring existing loan balances across when you switch payroll systems.
A full history for every loan
Every repayment is linked to the pay run it came from, giving you a complete, auditable repayment history for each employee.
Frequently asked questions
See employee loans in action
Bring payroll and employee administration together. Start a free trial or talk to our team about your workflow.
- No card required
- 30-day free trial
- Free migration from Sage, SimplePay, PaySpace or Excel
- Cancel anytime
Run Payroll Africa alongside your current system until you're happy to switch.