How Do I Write a Loan Letter for an Employee? Seeking Guidance and Tips

Hi, I am asked to issue a loan letter to an employee but have no idea how to. Does anyone know about this? Please let me know if you need any further assistance.

I won't be able to reply until you clarify what you mean by "Loan Letter." Is the company providing a loan to the employee, or is it an agreement by the company for the deduction of loan EMI, or is it the outstanding amount against the loan given by the company? Please provide complete details so that we can assist you effectively.

Regards,
Preetam Deshpande

I presume you would like to request a loan. If so, here is the format:

LOAN REQUEST FORM

To Director,
Company Address

Dear Sir,

Subject: Loan Request

I am requesting your kind consideration in providing me with a loan of SGD ________________ (SGD in words: ________________________________), which I will repay in _________________ equal installments along with the interest, over a period of ________________________ (specify time period).

I will adhere to the company's policy regarding the same.

Thanks & Regards,
Sd/-___________________________
Employee Name:
Date: