The Employee Loan Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, featuring customizable and printable versions for your convenience.
Employee Loan Agreement Template UK Editable – PrintableSample
Employee Loan Agreement Template UK 1. Employee Information 2. Employer Information 3. Loan Details 4. Purpose of Loan 5. Repayment Schedule 6. Employee Responsibilities 7. Employer Responsibilities 8. Late Payment Terms 9. Confidentiality and Data Protection 10. Termination of Agreement 11. Signatures and Agreement 12. Declaration and Signatures
%
PDF
WORD
Examples
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
This agreement sets forth the terms and conditions under which the Employer will provide a loan to the Employee, effective as of [Start Date].
The Employer agrees to lend the Employee a total sum of [Loan Amount], which shall be disbursed on [Disbursement Date].
The Employee acknowledges that the loan is intended for [Specify Purpose, e.g., purchasing a vehicle, home improvement, etc.].
The loan shall bear interest at a rate of [Interest Rate, e.g., 5% per annum], with interest calculated on the outstanding balance.
The Employee agrees to repay the loan over a period of [Repayment Period, e.g., 12 months] in [Monthly/Quarterly] installments of [Installment Amount], with the first payment due on [First Payment Date].
The Employee may prepay the whole or any part of the loan without penalty, provided that the Employer is notified in writing at least [Notice Period, e.g., 10 days] prior to such prepayment.
In the event of default on any installment payment, the entire remaining balance shall become due and payable immediately, and the Employer may charge a late fee of [Specify Late Fee].
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
This agreement outlines the terms of the loan being provided by the Employer to the Employee for [Specify Purpose], beginning on [Start Date].
The Employer will lend the Employee a principal sum of [Loan Amount].
The Employee agrees to use the loan exclusively for [Specify Purpose].
The loan will have an interest rate of [Interest Rate], and any applicable fees shall be disclosed prior to disbursal.
Repayment will commence on [Repayment Start Date], with payments due [Monthly/Quarterly] until the loan plus interest is paid in full.
In the event of a default, the Employer reserves the right to initiate recovery procedures, including but not limited to, garnishment of wages.
This agreement may only be amended in writing and signed by both parties.
This agreement will be governed by the laws of [Jurisdiction, e.g., England and Wales].
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]
Printable
