1. #1
    Unregistered

    My manager not allowing me to take a loan from the company

    I am working in a private firm. Recently I wanted to take a loan from my company for buying a new car. But my manager is not allowing me to take the loan as he thinks I won’t be able to repay it. Even after promising him , he is not ready to listen to me. What to do in such a situation?

  2. #2
    ealp Array
    Join Date
    Oct 2012
    Posts
    250

    Re: My manager not allowing me to take a loan from the company

    Dear aspirant I have seen your statement your manager is not allowing you to take a loan from your company,you expressed to buy a new car, the manager has told you that you will not be able to repay the loan.

    Well here I can not ignore manager's talk because many times it is seen after taking car loan a loanee can not pay installment properly, for this reason manager's are sufferer they neither get installment nor get promotion for huge debts occurred due to his/her wrong investment.

    If you have the genuine ground and capability as per company norm also by virtue of your income you have to submit your salary structure/net salary available etc to get sanction your car loan.Under this way if you can satisfy your boss by facts and figure difinitely you will get loan.Otherwise I say you must not take loan then you will be involved with loan then you will fail to manage your family expenses as well as paying car loan installment.So, think well before taking a loan there is a good proverb "cut your coat according to your cloth".

    Thank you,

  3. #3
    ANUJTHAKUR Array
    Join Date
    May 2013
    Posts
    34

    Re: My manager not allowing me to take a loan from the company

    Dear sir

    in this situation you need to meet with your manager and discuss personally that i have urgent need of loan for car . I am ready give the affidavit for repayment of loan. If the manager not redady for this then you can apply for car loan to the higher authority by request.

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