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Sample Employee Loan Agreement

Document Type
Microsoft Word (Editable)
Pages
3
Price: KES 250
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Document Overview

An Employee Loan Agreement is a legally binding document between an employer and an employee which specifies the terms under which the employer grants a loan to the employee.

Typically contains the following details:
1. Parties to the agreement
2. Loan amount
3. Purpose of the loan
4. Repayment Terms
5. Rate of interest (If applicable)
6. Deduction from final salary
7. Consequences of insufficient salary
8. Early repayment provisions
9. Confidentiality
10. Employee's Acknowledgment of Liability
11. Governing Law
12. Signatures

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