Hi Avinash,
'Lenvica HRMS' has built-in Loan/Advance module which is optional. EMIs can be calculated automatically. You can make manual changes and recalculate the EMIs from that particular month. The EMI information can be printed optionally in the payslips too.
Please send your product code available under 'Help->Register'. We shall provide an evaluation key to enable Loan/Advance module.
Cheers
Lenvica Team