Dear Sir/Madam, My Self Rakesh working in reputed MNC and I want to know that, can anyone take a loan against his conveyance and can we deduct the conveyance loan from the salary.
From India, Moradabad
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1From India, Moradabad
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Vehicle Loan Facilities in Companies
Yes, good companies offer vehicle loan facilities to employees. In some companies, it is interest-free as well. EMI shall be adjusted against the salary. The only condition is that the vehicle purchased using the loan is to be hypothecated in the name of the company, and a suitable endorsement is to be made in the RC book. Once the loan is fully recovered, hypothecation can be cancelled.
From India, Aizawl
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Yes, good companies offer vehicle loan facilities to employees. In some companies, it is interest-free as well. EMI shall be adjusted against the salary. The only condition is that the vehicle purchased using the loan is to be hypothecated in the name of the company, and a suitable endorsement is to be made in the RC book. Once the loan is fully recovered, hypothecation can be cancelled.
From India, Aizawl
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Appli-vehicle loan.doc
Poor can benefit from this edu loan scheme.pdf