Hi All,
We are a small real estate firm. Some of our employee wants Personal Loan. So we thought of providing them Interest free loans. Can someone help with how can i proceed with the same. I want a an Loan Agreement which can emphasis on the Re-payment.
Any help will be appreatiated.
From India, Thana
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1We are a small real estate firm. Some of our employee wants Personal Loan. So we thought of providing them Interest free loans. Can someone help with how can i proceed with the same. I want a an Loan Agreement which can emphasis on the Re-payment.
Any help will be appreatiated.
From India, Thana
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Hi, I am enclosing herewith the Loan Policy with Form. This may be of helpful to you. Thank you. Satya Hyderabad
From India, Hyderabad
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From India, Hyderabad
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Hi Satya,
Thanks for the templates. One last thing which i wanted a help on is the Loan Agreement regarding the repayment. I guess the deduction cannot be more the 40% of the salary. can you provide help regarding Loan Re-Payment Agreement.
From India, Thana
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Thanks for the templates. One last thing which i wanted a help on is the Loan Agreement regarding the repayment. I guess the deduction cannot be more the 40% of the salary. can you provide help regarding Loan Re-Payment Agreement.
From India, Thana
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Hi,
The repayment options are also addressed in the same loan policy.
The repayment can be in Equal Monthly instalments depending upon the employee capability of repaying the loan. As per policy if the repayment options are 6 or 12 or 24 months, the amount should be divided accordingly.
Hope I addressed your concern.
Thank you.
Satya
From India, Hyderabad
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The repayment options are also addressed in the same loan policy.
The repayment can be in Equal Monthly instalments depending upon the employee capability of repaying the loan. As per policy if the repayment options are 6 or 12 or 24 months, the amount should be divided accordingly.
Hope I addressed your concern.
Thank you.
Satya
From India, Hyderabad
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We do have similar policy related to loan, we get this attched agreement signed by applicant once loan gets approved. see if useful to you. Rgds, Shilpi
From India, New Delhi
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From India, New Delhi
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I would like to know if the Company’s loan policy is applicable for the Consultant working at sites who are on our payroll. Bhavana
From Singapore
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From Singapore
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I am in process of making policies for various loans to our employee. Please provide me formate of policy and rules and regulation for giving loans to employee. naina
From India, Mumbai
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From India, Mumbai
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Hi Satya,
Thank you so much for the template of the loan policy and form; this is what I was looking for :) Also, if you can help me with the government policy/rules regarding the policy of employee beneficiary loans.
Thanks,
Vanita
From India, Mumbai
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Thank you so much for the template of the loan policy and form; this is what I was looking for :) Also, if you can help me with the government policy/rules regarding the policy of employee beneficiary loans.
Thanks,
Vanita
From India, Mumbai
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Hi Everybody,
I am Raviraj Ghadge, and I work with a small partnership firm. I am very glad to be one of the members where we get all the solutions for our queries, which helps us a lot.
Now, I have one doubt: if I provide a personal loan to one of my staff and complete the paperwork required for the loan, but the employee leaves the organization without any intimation, what action can I take to recover the loan amount? What documents should I take from that staff for the loan application? Please help me out with this.
Regards,
Raviraj G.
From India, Mumbai
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I am Raviraj Ghadge, and I work with a small partnership firm. I am very glad to be one of the members where we get all the solutions for our queries, which helps us a lot.
Now, I have one doubt: if I provide a personal loan to one of my staff and complete the paperwork required for the loan, but the employee leaves the organization without any intimation, what action can I take to recover the loan amount? What documents should I take from that staff for the loan application? Please help me out with this.
Regards,
Raviraj G.
From India, Mumbai
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Dear Akar Parekh,
Your intention is to provide interest-free personal loans to employees. However, please remember that you need to include the interest on the loan amount as declared by SBI as taxable income and deduct TDS appropriately.
Trust the matter is clear.
M.V. Kannan
From India, Madras
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Your intention is to provide interest-free personal loans to employees. However, please remember that you need to include the interest on the loan amount as declared by SBI as taxable income and deduct TDS appropriately.
Trust the matter is clear.
M.V. Kannan
From India, Madras
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