Dear All,
I am working with a Medium Level IT Company as HR Analyst,we are planning to process loan for one of our employee.Since this is the first time we are experiencing this kind situation Kindly let me know the formal employee Loan Procedure follows IT companies.
Thanks and Regards

From India, Coimbatore
Hi Anu
  • Loan agreement (where an employee signs off stamped paper that he has taken a loan of Rs.X and would repay within X months)
  • Loan recovery (no of months)
  • Tax implications (if subsidised or zero interest rate)
  • In case of resignation before loan tenure, repayment rules..
This is what I could think about . Any other points friends ....

From India, Madras

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHR.Comô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server