How to Manage Loan Policy Settings

Article author
Learning Center Mekari
  • Updated

Through Mekari Talenta, you can create more than just one loan policy. This policy can be tailored to the type of loan provided, including taxation, loan limits, and repayment terms.

Study the following guide to create and manage loan policy settings.

  1. Go to the “Settings” menu.

  2. On the Finance tab, select Loan.

  3. Then, create a new policy by clicking “Create policy”.

  4. Then, you can fill out the form on the Policy information page. Enter the policy name in the Policy name field. Also, enter a description (optional) in the Description field. Once the information is complete, click "Continue".

  5. On the Loan Configuration page, you'll need to specify the loan limit, installment limit, and tax application settings. Here's an explanation:

No. Column Name Explanation
1 Loan limit

You can choose one of the following loan limit options:

  • This policy sets a maximum loan amount: Select this option if the policy has a specific loan limit, which you can also specify in the Max. loan amount field.
  • This policy has unlimited loan amount: Select this option if the policy has no loan amount limit at all.
2 Installment limit

You can choose one of the following installment tenor limit options:

  • This policy sets a limit on the installment period: Select this option if the loan has a specific installment period limit, which you can then specify in the Min. Installment and Max. Installment fields.
  • This policy has an unlimited installment period: Choose this option if the loan has no installment term limit at all.
3 Tax configuration

You can choose one of the following tax application options:

  • Taxable: Select this option if you are applying a specific loan tax deduction that you can specify in the Tax method column , where you can select the tax deduction application option such as Same as salary, Gross, Gross up, or Netto.
  • Non-taxable: Select this option if you do not apply tax deductions to this loan.
  1. Then, click "Continue".

  2. Therefore, on the last policy settings page, namely Policy rules, you can set based on the criteria category for which this policy is intended.

    Important
    Skip this page by clicking “Save” directly if this loan is not intended for a specific criteria category.

  3. You can click "Enable loan eligibility", then select criteria by clicking "Add criteria". In this example, the criteria are based on the Branch category, with four branches selected. To delete a previously created criterion, click "-".

    note When you select a specific criteria category, you can tick the checkboxes one by one from the specifications of the criteria category you have selected, as follows.

  4. Once you have finished managing your policy settings, you can save them by clicking “Save”.

  5. You will then be redirected to the Settings - Finance - Loan page. On this page, you can manage the list of loan policies you have created. Here's an explanation:

No. Column Name Explanation
1 Filter bar Click to apply a filter to the list of loan policies based on the category of application of tax deductions to loans.
2 Export/Download Click to download loan policy data.
3 Search bar Type a specific keyword here to search for loan policies you have created.
4 Actions Click to perform certain actions on the loan policy, such as View details to view details, Duplicate to duplicate the policy, or Delete to delete the policy.

This concludes the guide on how to manage your company's loan policy settings through Mekari Talenta. You can also learn more about loan recording here.