Employee Loan Agreement Sample

Deduction of an amount greater than the agreed weekly/monthly sum, which may be illegal in your jurisdiction! Requirements and guidelines for employee loan for computer loans o maximum loan of 1200 USD (CPU, Monitor, Mouse, Keyboard, Software and peripherals, including taxes) o Purchase receipt before the loan is financed o an existing computer loan. If the employee leaves the company (either voluntarily or for a valid reason) before a loan is paid, the employee remains legally obliged to repay the balance. The employer would therefore be well advised not to lend beyond the weekly or monthly salary. A more extensive installment credit agreement should be established for long-term loans or large loans that can be maintained beyond the duration of employment. .