akarparekh
1

Hi All,
We are a small real estate firm. Some of our employee wants Personal Loan. So we thought of providing them Interest free loans. Can someone help with how can i proceed with the same. I want a an Loan Agreement which can emphasis on the Re-payment.
Any help will be appreatiated.

From India, Thana
ksk
10

Hi, I am enclosing herewith the Loan Policy with Form. This may be of helpful to you. Thank you. Satya Hyderabad
From India, Hyderabad
Attached Files (Download Requires Membership)
File Type: doc Loan Form.doc (37.0 KB, 11732 views)
File Type: doc Template - Loan Policy.doc (31.0 KB, 10205 views)

akarparekh
1

Hi Satya,
Thanks for the templates. One last thing which i wanted a help on is the Loan Agreement regarding the repayment. I guess the deduction cannot be more the 40% of the salary. can you provide help regarding Loan Re-Payment Agreement.

From India, Thana
ksk
10

Hi,
The repayment options are also addressed in the same loan policy.
The repayment can be in Equal Monthly instalments depending upon the employee capability of repaying the loan. As per policy if the repayment options are 6 or 12 or 24 months, the amount should be divided accordingly.
Hope I addressed your concern.
Thank you.
Satya

From India, Hyderabad
Shilpi_HR
5

We do have similar policy related to loan, we get this attched agreement signed by applicant once loan gets approved. see if useful to you. Rgds, Shilpi
From India, New Delhi
Attached Files (Download Requires Membership)
File Type: doc Loan Agr.doc (22.5 KB, 6155 views)

Bhavana Hiwase
I would like to know if the Company’s loan policy is applicable for the Consultant working at sites who are on our payroll. Bhavana
From Singapore
naina.dhole
I am in process of making policies for various loans to our employee. Please provide me formate of policy and rules and regulation for giving loans to employee. naina
From India, Mumbai
vanita.hrm
Hi Satya,
Thank you so much for the template of loan policy and form, this is what i was looking for :)
Also, if you can help me with the government policy / rules regarding the policy of employee beneficiary loans.
Thanks,
Vanita

From India, Mumbai
Raviraj Ghadge
1

Hi Everybody,
I am Raviraj Ghadge, I am working with a small partnership firm. I am very glad to be one of the member where we get all the solutions for our queries and which helps us a lot.
Now I have one doubt that is if I avail a personal loan to one of my staff and also complete the paper work required for the loan and the employee leaves the organization without any intimation. What action can I take OR how will i recover the loan amount? What documents should i take from that staff for loan application? Please help me out for this.
Regards
Raviraj G.

From India, Mumbai
kannanmv
256

Dear Akarparekh,
Your intention to provide interest free personal loans to employees. But please remember that you need to include the interest on the loan amount as declared by SBI as taxable income and deduct TDS appropriately.
Trust the matter is clear
M.V.KANNAN

From India, Madras
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