ACCUREX
—Since 198¢—
Document Title: Employee loan Card 1
“Tunbepartmen | DOC Nos ARSOP IA
Prepared by | HR Department Rev.:00 nee
[Approved by | Abhinay Thakur | Revision Date:Nové, 2013 |
Personal Loan Facility
The Company provides short term financial assistance to its confirmed
employees for a specific purpose provided s/he is in service for more than a
year.
Service Period Amount
1 year service and less than 3 years
3 years service and less than 5 years” Equivalent to Two months gross
| i
5 years service and more Equivalent to Three months gross
salary.
The cases that could qualify for loan includes:-
Marriage of self / children / kith & kin
Higher education of children.
Sickness/accident or a family member necessitating hospitalization.
Death or Birth in the family
Procedure & compliances:-
Applicant should submit 2
ureties who are confirmed employees
— Loan will be sanctioned once in 3 years.
— Recovery will be 10 equal installments.
Human Resource Policy, Procedures and Forms
{ stamp. | HR Department
|
| | issued By