Employee Loan Agreement

Effective Date: ______________________________________

Employee Details:

Name: __________________________________________
Surname: ________________________________________
ID Number: ______________________________________

The Employee hereby acknowledges a debt to the Employer in the amount of R ____________.

The Employee hereby agrees to repay the Employer to the amount of R____________ monthly until the full
amount of the above stated loan is paid in full, or the Employee hereby agrees to repay the Employer the full
amount of loan, R ____________ , at the end of the month to settle the above stated loan.

The Employee also agrees that any outstanding amount will be deducted from the Employee’s final pay check
upon resignation or termination of employment from the Employer.

________________________ _________________________
Employee Signature Date

_________________________ _________________________
Employer Signature Date

Notes:
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