Hi,
I seek clarification on the Employee Loan provided by the Company - does the Company levy interest on it or not? I believe the Company cannot charge interest on the loan provided to its employees because it is not a banking institution entitled to claim interest.
Please suggest any notifications or case laws supporting this.
Regards,
PRASHANTH
Email: hrprashanthkumar@gmail.com
Bangalore.
From United States, Atlanta
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I seek clarification on the Employee Loan provided by the Company - does the Company levy interest on it or not? I believe the Company cannot charge interest on the loan provided to its employees because it is not a banking institution entitled to claim interest.
Please suggest any notifications or case laws supporting this.
Regards,
PRASHANTH
Email: hrprashanthkumar@gmail.com
Bangalore.
From United States, Atlanta
Acknowledge(0)Amend(0)
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Employee reference policy.doc