What it does
247HRM combines employee information, attendance, leave and payroll for Indian businesses. Loan schemes connect applications and approvals with later salary deductions. Employees can inspect their remaining loan balance in self-service.
Set a loan scheme's ceiling, term, interest and eligibility before employees apply. They choose a scheme, inspect eligibility and the installment calculation, then submit through the configured approval chain. Routing can depend on amount or scheme. Approved installments become recurring payroll deductions, updating outstanding principal each cycle. External-creditor payments can follow the same cycle with separate creditor reporting.
Subscription choices
INR prices exclude goods and services tax. Regular bases cover fifty employees.
| Plan | Price | Scope |
|---|---|---|
| Core | 5,999/month + 99 per extra employee | HR, attendance and payroll |
| Professional | 8,999/month + 159 per extra employee | Adds performance, learning and analytics |
| Premium | 11,999/month + 199 per extra employee | Adds company sign-on, face recognition and programmatic access |
| Startup Lite | 36,000 for six months | Up to thirty employees; payroll assistance |
| Startup Premium | 60,000 for six months | Up to thirty; full suite and payroll assistance |
| Enterprise | Quote | Organizations with 500+ employees |
Annual prepayment saves 15% on regular plans. Standard setup and training are included; payroll assistance costs extra. The mobile app requires an existing employee account.
Strengths
- Approved installments feed recurring deductions and remaining balances
- Loan schemes can apply different eligibility and approval rules
Watch out for
- Payroll operations assistance costs extra on regular plans
Best for
- Indian HR teams administering employee loans alongside payroll
Sources
- Pricing - Affordable HRMS Software Price in India | 247HRM (Oct 27, 2026)
- Employee Loans & Advances Software India | 247HRM (Oct 27, 2026)
- Employee Self Service Software in India | ESS Portal | 247HRM (Oct 27, 2026)
- 247HRM V2 - Apps on Google Play (Oct 27, 2026)
- India's Fastest HR & Payroll Platform | 247HRM (Oct 25, 2026)