Add a personnel loan
You can add different types of personnel loans in Profit. The most common form is an interest-bearing loan.
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Description
As of 2015 a market-level interest rate must be used for personnel loans, instead of the standard interest rate determined by the government. You must, therefore, determine the market-level interest rate yourself and enter this percentage through one of the following wage components (all wage components use the same percentage):
- 100.008.034 'Payment of loan type 1'
- 100.008.035 'Payment of loan type 2'
- 100.008.036 'Payment of loan type 3'
- 100.008.037 'Payment of loan type 4'
- 100.008.038 'Payment of loan type 5'
You can change this value on a CLA, employer and/or employee level.
Note:
Each wage component has a comment in which the operation of the wage component is explained. Always take a look at this explanation on the Comment tab in the properties of the wage component in the CLA. If you do not have the wage component available, first activate it.