hratul
2

Hi All,
Can somebody help me out on this we want to frame Loan & advance policy and it would be great if you all can suggest & guide me with your experiences & policy by you follow for your organisations.
Regards
HRATUL

From India, Jaipur
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Soms23
Hr Manager
Alism
Human Resource Professional

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



soms23
16

Hello,
We have a very simple policy in our company. Following are the two conditions that is considered here.
ADVANCE POLICY :!:
The member would have an option taking the advance in the following two ways they feel convinent.
1. The Salary due for the current month, upto the date of advance payment. Eg: ABC is given a salary advance on 14-Feb-06. He would be eligible Nett Salary/28*14. At the end of the month he would have the remaining amount credited to his account.
2. The member gets to decide the amount he wants to take as advance. However, the amount would be deducted in 5 equal monthly instalments starting from the current month. The advance amount cannot not exceed his last two months salary.
Hope this has helped you.
Regards,
Soumya Shankar

From India, Bangalore
alism
6

Greetings, Please find attached a policy on personal loans. Hope this helps. Regards, Ali
From India, Bangalore

Attached Files (Download Requires Membership)
File Type: doc personal_loan_policy_672.doc (20.5 KB, 4678 views)

sushmitajha
1

Hi!!
the laon document attached in the last reply is very comprehensive. we too have policies on the same line. except, it is open for all the employees (after confirmtion) and we do our documentation well (get the legal paper signed). we dont take proof of loan spent though
rest one month's or two month's is what you would decide
hope that has answered your query
thanks
sushmita


If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

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