Yes. Administrators can define the maximum loan amount an employee can apply for by configuring the setting Maximum Loan an Employee Can Apply For (Times of Monthly CTC) under Control Panel → Settings → Payroll → Configure Loan Settings.
The system calculates the loan limit by multiplying the employee’s Monthly CTC with the configured multiplier value.
For example, if the multiplier is set to 3 and the employee’s Monthly CTC is ₹60,000, the maximum loan amount will be ₹1,80,000.
If this field is left blank, employees will be able to apply for any loan amount, and no upper limit will be enforced.
