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Dear All, Now i’m working on the draft policy and employee loan scheme for our employee, so if anyone pls assist me on this assisgnment. Jj45
From Australia
Please do consider the discussion on the right hand side of this page. It may answer most of your question. A template for the policy and the application form is shared in the link. It can be considered to begin your project, you may have to add the points sensitive to your environment.
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From India, Mumbai
The policy & the loan scheme differs from Company to Company, such as if you have an union, the same needs to be incorporated in the union settlement & signed by the labour officer.

In your case, if there is no union in your company, i suggest this scheme can be considered based on following criterias :
1) Minimum period of service as eligiblity
2) No. of the fixed installments / tenure of the loan period
3) One has to obtain a Surety / Guarantor details & signature who is working in the same the company
4) Total loan amount should not exceed 5 mnths basic, you may change as the case may be
5) The loan should have a proper support such as if marriage-marriage invitation card, Construction of house - Plan / estimation of the expenses, purchase of a flat / house - Agreement to sell etc.,
6) The total take home salary to be taken into consideration before sanction a loan
7) No. of years of gap to be considered before sanctioing the loan

Hope this info will be of some help to you...


From India, Bangalore
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