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Objective
To support the employee financial needs
This covers all the employees under Pandit Ventures Pvt Ltd
• Any amount of personal loan needs to have CEO/MD ‘s approval
• The process is initiated by the HR
Process of availing a personal loan:
• The amount of loan will be finalised and approved by the CEO only
• Once the loan is approved the HR & Accounts Managers are informed about it
• HR Manager confirms the EMI Amount and tenure for the loan
• The EMI Amount starts getting deducted from the next month’s salary of the
employee
• All the mails and the entire agreement between the employer and the employee
is documented by the HR team.
• The employee needs to sign a loan document for same.
• Once the loan amount is recovered the employee gets statement from the
Accounts & HR team for the same.
** Note – The company reserves the right to amend, modify and revise any or all
clauses of this process note depending upon market practices and exigencies of
business.