Ksk
Pharmaceutical
Shilpi_HR
Hr Professional
Akarparekh
Hr Executive
Bhavana Hiwase
Hr Executive
+5 Others

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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
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
File Type: doc Loan Form.doc (37.0 KB, 10763 views)
File Type: doc Template - Loan Policy.doc (31.0 KB, 9125 views)

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
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
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
File Type: doc Loan Agr.doc (22.5 KB, 5673 views)

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
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
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
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
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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