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  • Wel

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    SunitaTiwari
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    If the employee leave the service after 2 years, then the loan amount will be recovered from the final payment without any rate of interest. The guarantors should be the officers from the company itself. In case borrower employee fails to repay the loan amount, guantors will be responsible to pay the due amount. The employee will have to submit two stamp papers of Rs 100 / - each for executing the loan agreement and guarantee bond.

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    wel

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    If the employee leave the service after 2 years, then the loan amount will be recovered from the final payment without any rate of interest. The guarantors should be the officers from the company itself. In case borrower employee fails to repay the loan amount, guantors will be responsible to pay the due amount. The employee will have to submit two stamp papers of Rs 100 / - each for executing the loan agreement and guarantee bond.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    5 views3 pages

    Wel

    Uploaded by

    SunitaTiwari
    If the employee leave the service after 2 years, then the loan amount will be recovered from the final payment without any rate of interest. The guarantors should be the officers from the company itself. In case borrower employee fails to repay the loan amount, guantors will be responsible to pay the due amount. The employee will have to submit two stamp papers of Rs 100 / - each for executing the loan agreement and guarantee bond.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    6.

    If the employee leave the service after 2 years, then the loan amount will be recovered from the final payment without any rate of interest. 7. The will have to furnish two guarantors. The guarantors should be the officers from the company itself; also they should not be the guarantors to any other person in the company. In case borrower employee fails to repay the loan amount, guarantors will be responsible to pay the due amount

    8. The employee will have to submit two stamp papers of Rs 100/- each for executing the loan agreement and guarantee bond, along with a copy of quotation of the vehicle to be purchased. 9. The employee will have to produce the original RC and TC document to the company for varification and shall submit photocopies of the same 10.This loan facility will be given to the employee only once during their service.

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