Categories: HR

Loan From Employer

I have Attached Loan From Employer

Loan Application Form
Kindly Read through the General Guidelines below
Name:				Date:
Designation:				Department:
Dear Sir,
I request you to sanction me the below mentioned Loan amount. I have read through the Policy and am aware about the applicable interest rate. I will repay the Loan alongwith the interest as per the Company’s Policy.
Amount of Loan Reqd.				Signature:
Remarks:

		For HR Use Only
Form Receipt Date:		Grade of Employee:		Basic Salary:

No. of years in AXIS:		Eligibility Amount:		Amount of Loan Recommended:
Any Previous Loan:		Amount of previous Loan:		Repaid:

Remarks:

Amount of Loan Sanctioned:		Date of Sanction:		Repay Amount per Month:
Manager (HR)			Manager (Accounts)
Managing Director

General Guidelines:
1	An Employee wanting to avail a loan will have to make an application to the HR Department in writing by filling the “Loan Application form”
2	The HR Department shall take the Management’s sanction and inform the employee whether the loan has been sanctioned / not sanctioned
3	The Processing time for Loans shall be five Working Days. Incase the Management is unavailable for sanction; the period will be adjusted accordingly
4	The Management reserves the right to take any decisions on the sanctioning of loans and no questions will be entertained on the same
5	Kindly refer the HR Policy in force for the eligibility criteria and the Limit of Loan and the Interest Applicable