Hi,
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...
regards...Malini