Employee Loan Document

An employee loan document is a document which is drafted or framed in the case when an employee is granted a loan by the employer. These loan documents are used to record all the details of the loan arrangement such as details of the parties, monetary details, terms and conditions etc. Employees need to apply for loan with the company or organization that they work for. These loans can be of various types such as house loan, children education loan etc. Given below is a sample of an employee loan document which can be used for reference purpose.

Sample Employee Loan Document:

This employee loan arrangement has been made as on 6th June 2012 and has been made by and between the lender and the borrower. The loan which is being granted by the lender to the borrower is a home loan.

The details of the parties are given as follows:

Lender details:

Company name: Mathew Corp.

Address: 56/M, middle lane street, London

Contact number: 4790324004

Borrower details:

Name of employee: Mr. Greg Wills

Address: D/5, second floor, Potter tower, London

Contact number: 4734893404

Details of loan:

The home loan which is being granted to the employee has been on the basis of the employee’s performance in the company for the past 4 years at the position of Assistant sales manager

Loan amount: $2000

The following are the terms and conditions of the loan:

  • The lender agrees to grant a loan to the borrower which falls in the category of home loan.
  • The loan amount shall be given on 2nd April 2012 and must be repaid within 12 months.
  • The borrower cannot use the loan amount for any purpose other than building of the home/renting of the home/buying of the home.
  • The outstanding amount shall include principal, interest and additional expenses.

Posted in Loan Documents