[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-282494-105":53,"doc-detail-282494-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","employee-loan-agreement-template-use-as-an-employee-loan-contract","Employee Loan Agreement Template - Use as an Employee Loan Contract","","Employee loan agreement template for creating a binding contract between an employer and an employee. The document confirms loan details are checked and approved, sets the agreement start on the employee’s signed date, and defines the loan amount to be repaid over a specified number of months. It covers delivery by BACS transfer, repayment through monthly salary deductions, rules for unpaid leave and employment termination, potential treatment for missed repayments, and options for early full or partial repayment, including employer deductions and recovery steps.",{"@graph":63,"@context":122},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/employee-loan-agreement-template-use-as-an-employee-loan-contract/282494/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/employee-loan-agreement-template-use-as-an-employee-loan-contract/282494.png","ImageObject",442,249,{"name":88,"@type":89},"Rowan","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-22","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":30},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114,118],{"name":105,"@type":106,"acceptedAnswer":107},"When does the loan agreement start and end under this template?","Question",{"text":108,"@type":109},"It starts on the date the employee signs and ends when the loan is fully repaid, unless terminated earlier per the agreement.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How is the loan paid to the employee and how are repayments collected?",{"text":113,"@type":109},"The employer pays the loan by BACS transfer to the employee’s usual salary account, and repayments are taken through consecutive monthly installments deducted from salary on pay days.",{"name":115,"@type":106,"acceptedAnswer":116},"What happens if the employee goes on unpaid leave or leaves the business before repayment is complete?",{"text":117,"@type":109},"The employee must inform the specified person or department before unpaid leave starts or as soon as reasonably possible to discuss repayment changes. If the employee stops working or is no longer employed before full repayment, the loan becomes due in full and may be recovered through deductions and civil debt recovery steps.",{"name":119,"@type":106,"acceptedAnswer":120},"Can the employee repay early, and what are the consequences of missed or late repayments?",{"text":121,"@type":109},"The employee can repay early in full or part at any time without penalty, but must inform the specified person or department in writing to set the repayment amount. If repayments are not made in full and on time, the employer may terminate the agreement and seek immediate repayment of all outstanding sums.","https://schema.org",{"og:url":78,"og:type":124,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":126,"canonical":78},"index,follow",{"doc_id":128,"site_id":56},282494,1789575993,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":88,"user_avatar":133,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":30,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":139,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":61,"update_tm":129,"read_time":9},1099514067415,"https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502","Employee loan agreement template  \nUse this template to create an employee loan agreement for a member of your team.  \nOnce the template has been personalised as an individual employee loan agreement, it must be signed and dated before being sent out. The agreement then becomes binding once it’s countersigned by the employee.  \n[Today’s date]  \nDear [name of Employee],  \nI confirm that the details of your loan application have been checked and approved.  \nThe agreement below will come into effect when it is signed and dated by both parties, and is for a loan amount of £[INSERT AMOUNT] to be paid back over [INSERT NUMBER] months.  \nYours sincerely,  \n[name of Employer/Employer representative]  \nEmployee loan agreement  \nPARTIES  \n(1) [INSERT NAME] of [INSERT ADDRESS](Employee)  \n(2) [INSERT NAME] of [INSERT ADDRESS](Employer)  \n1. AGREED TERMS  \nThe following definition applies in this agreement.  \nLoan: the sum of £[INSERT AMOUNT] lent or to be lent by the Employer to the Employee or the total amount of that sum outstanding.  \n2. TERM  \n2.1. This agreement commences on the date the Employee signs this agreement and ends on the date that the Loan is fully repaid (unless terminated earlier in accordance with this agreement).  \n3. LOAN  \n3.1. The Employer will provide the Loan to the Employee by BACS transfer to the Employee’s bank account, subject to the terms of this agreement. The Employer will only pay the Loan to the account in which the Employee usually receives their salary.  \n3.2. The Employer will use reasonable endeavours to pay the Loan within 5 working days of receiving a signed copy of this agreement. Where payment falls on a bank holiday, payment shall be the next working day.  \nUse Charlie to automate your HR processes-Try it for free   \n4. INTEREST  \nNo interest is applied to the Loan and no fees or charges are levied on the Loan. Interest may be applied however if the employee doesn’t meet the terms of repayment as per this agreement.  \n5. REPAYMENT  \n5.1. Subject to the provisions of this agreement requiring earlier repayment, the Employee will repay to the Employer the Loan in full through [INSERT NUMBER OF MONTHS] consecutive monthly instalments of £[INSERT AMOUNT]. The first instalment will be taken from the Employee’s salary on the first month’s payday (following the payment of the Loan), and the [INSERT REMAINING NUMBER OF MONTHS] subsequent instalments will be taken from the Employee’s salary every month on subsequent pay days.  \n5.2. If the Employee takes unpaid leave during the term of the Loan they  \nagree to inform the [INSERT PERSON OR DEPARTMENT NAME] before the period of unpaid leave starts, or as soon as reasonably possible, to discuss changes to the repayment schedule.  \n5.3. If the Employee hands in their notice to stop working or otherwise is no longer employed by [INSERT BUSINESS NAME] before the Loan has been repaid in full, the Loan will immediately be due in full andrepayable on demand. The Employee agrees that [INSERT BUSINESS NAME] may deduct the outstanding balance of the Loan from any remaining salary payments due to them. If the remaining salary payment(s) is insufficient to cover the outstanding balance of the Loan, the Employee agrees to make arrangements to repay any shortfall before their last day of employment at [INSERT BUSINESS NAME]. For the avoidance of doubt, any sums the Employee fails to pay before the last day of their employment will remain due, and the Employer may take steps to recover the same by way of civil debt recovery and interest may be applied.  \n5.4. The Employee can repay to the Employer the Loan early in full or in part at any time and without penalty, but must first inform [INSERT PERSON OR DEPARTMENT NAME] in writing to specify the amount of the repayment. If the Loan is repaid early in part, any subsequent instalments of the Loan will be reduced pro rata.  \n5.5. If any repayment is not made in full and on time the Employer shall be entitled to terminate thi","cbCaigYhecNEn9f7","https://ap.wps.com/l/cbCaigYhecNEn9f7","pdf",89983,"English","# Employee loan agreement template\n## Parties\n## Agreed terms\n## Term\n## Loan\n## Interest\n## Repayment\n## Signatures","[{\"question\":\"When does the loan agreement start and end under this template?\",\"answer\":\"It starts on the date the employee signs and ends when the loan is fully repaid, unless terminated earlier per the agreement.\"},{\"question\":\"How is the loan paid to the employee and how are repayments collected?\",\"answer\":\"The employer pays the loan by BACS transfer to the employee’s usual salary account, and repayments are taken through consecutive monthly installments deducted from salary on pay days.\"},{\"question\":\"What happens if the employee goes on unpaid leave or leaves the business before repayment is complete?\",\"answer\":\"The employee must inform the specified person or department before unpaid leave starts or as soon as reasonably possible to discuss repayment changes. If the employee stops working or is no longer employed before full repayment, the loan becomes due in full and may be recovered through deductions and civil debt recovery steps.\"},{\"question\":\"Can the employee repay early, and what are the consequences of missed or late repayments?\",\"answer\":\"The employee can repay early in full or part at any time without penalty, but must inform the specified person or department in writing to set the repayment amount. If repayments are not made in full and on time, the employer may terminate the agreement and seek immediate repayment of all outstanding sums.\"}]","Employee Loan Agreement Template - Use as an Employee Loan Contract | PDF"]