1. #1
    Unregistered

    Do they deduct the loan amount taken from office from my bonus amount?

    I am working from past 2 years in the same office. 6 Months back I have taken loan (Rs. 80000) from my salary account with the repayment tenure of 2 years. I took this amount because of some personal emergency. Since 5 months the loan amount is getting deducted from my salary. Next month i am going get my bonus. Will they deduct the loan amount from my bonus?

  2. #2
    prabhu Array
    Join Date
    Jul 2012
    Posts
    453

    Cool Re: Do they deduct the loan amount taken from office from my bonus amount?

    Hi,


    Don't worry . Absolutely the loan amount will be deducted only from the Monthly salary

    As specified the loan amount will be taken back in 20 months

    If you wish to close the loan , you can pay the loan amount and close it

    Company will follow the rules as said . There will not be discrepancy in this

    Read your company policy & rules for more details




    @@@ Thanks

  3. #3
    Chittaranjan Array
    Join Date
    Jul 2012
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    658

    Talking Re: Do they deduct the loan amount taken from office from my bonus amount?

    No friend there will be no deduction from your Bonus a/c if you take loan from your office.Whenever you take loan for various purposes that are to be repaid by deducting your monthly salary installment wise that may take three,five or seven years.

  4. #4
    rockindeepak Array
    Join Date
    Aug 2012
    Posts
    189

    Re: Do they deduct the loan amount taken from office from my bonus amount?

    Hey

    The loan amount will be deducted only from your monthly salary every month for 2 years. That is the criteria for taking loan from your company or even banks.

    Even if you get the bonus the amount that will be deducted will remain constant.

    So dont worry n have fun

    Thanks

  5. #5
    imman Array
    Join Date
    Jul 2012
    Posts
    868

    Cool Re: Do they deduct the loan amount taken from office from my bonus amount?

    @@ HI @@


    @@ No,they won't @@

    @_@ They will deduct the loan amount only in monthly salary and they won't touch your bonus @_@

    @_@
    Have a note on your company norms to get clear info about your company's policy @_@

    @_@
    You can also pay the entire amount at a time to close your loan @_@

    @_@
    If you can't then you can pay monthly to finish it @_@

    @_@
    But you are not supposed to resign or transfer your job until you clear your loan and you should finish it as in mentioned time @_@



    @@ Thank you @@

  6. #6
    manju Array
    Join Date
    Aug 2012
    Location
    bangalore
    Posts
    108

    Re: Do they deduct the loan amount taken from office from my bonus amount?

    When you had taken this loan from your company that time they provide you some shit that they will deduct this much of amount from your salary every month as per they will deduct only that much amount from your salary they will not deduct more even when you will get bonus also..do not worry about that...

  7. #7
    rakesh1990 Array
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    Jul 2012
    Location
    bangalore
    Posts
    86

    Re: Do they deduct the loan amount taken from office from my bonus amount?

    Hello,
    1) Loan amount will deduct from your salary not from your bonus so there is no issue for worrying.
    2)You can deduct the bonus so as to reduce your burden of loan.
    3)As you are repayment the loan salary in 2 years its your wish either you give this bonus amount to clear your loan or leave this procedure of getting deducted from your monthly salary.
    Thank u...

  8. #8
    Ashok Array
    Join Date
    Jul 2012
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    2,293

    Re: Do they deduct the loan amount taken from office from my bonus amount?

    Dear Friend,

    You need not worry.

    you have taken loan with a repayment period of two years.

    So your loan amount will be recovered from your salary amount only.

    If you are interested to repay an additional amount in between,you can deposit it otherwise your loan amount will be recoverd from your salary amount in the period said above.

    Thanks.

  9. #9
    sweetyilu Array
    Join Date
    Nov 2012
    Posts
    113

    Re: Do they deduct the loan amount taken from office from my bonus amount?

    hello dear...

    -->No friend there will be no deduction from your Bonus a/c.
    -->if you take loan from your office.
    -->
    Whenever you take loan for various purposes that are to be repaid by deducting your monthly salary installment wise that may take three,five or seven years.


    thanking you..



  10. #10
    Boss Array
    Join Date
    Jul 2012
    Posts
    1,649

    Re: Do they deduct the loan amount taken from office from my bonus amount?

    Don't worry . fully the loan quantity are subtracted solely from the Monthly earnings
    As such that the loan quantity are taken back in twenty months
    If you would like to shut the loan , you'll be able to pay the loan quantity and shut it
    Company can follow the foundations as aforementioned . there'll not be discrepancy during this
    browse your company policy & rules for additional details
    When you had taken this loan from your company that point they supply you some shit that {they can|they're going to|they'll} deduct this abundant of quantity from your earnings monthly as per they're going to deduct solely that abundant quantity from your earnings they're going to not deduct additional even after you will get bonus conjointly..do not worry that...

    No friend there'll be no deduction from your Bonus a/c.
    if you're taking loan from your workplace.
    Whenever area unit taking} loan for varied functions that are to be repaid by deducting your monthly earnings installment wise which will take 3,five or seven years.
    You need not worry.
    you have got taken loan with a compensation amount of 2 years.
    therefore your loan quantity are recovered from your earnings quantity solely.
    If you're interested to repay a further quantity in between,you can deposit it otherwise your loan quantity are recovers from your earnings quantity within the amount aforementioned on top of.

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