Employer credit | entrepreneur loan

Employer Loan & Employer Credit – Find Out Now. You can find out what a loan is all about without consulting your employer and where to apply immediately. Find out more about employer credit here. The extent to which you receive a loan from your employer depends on whether your employer offers such a loan.

Employer loans to relatives

Employer loans to relatives

Is it not the employee but his spouse or another relative as borrower and the employee acting as guarantor for loans that are subject to a lower interest rate than the interest rate set out in the Saxon Excise Ordinance? Are interest savings still to be considered as compensation in kind? Due to the close personal relationship with the employee and his guarantee, a higher value than the EUR 7,300 grant may cause problems.

In order to achieve a definitive clarification, I would post this post again tomorrow morning, since the discussion forum today is not maintained by Mr. Kurzi. Even now I see a problem area, because there is a common household and the merit for this Housing Builder was claimed – there can hardly deny the “personal advantage”.

Unfortunately, only registered people are allowed to submit submissions in this area.

Online Glossary – Online Dictionary

Online Glossary - Online Dictionary

Among other things, the construction cost financing can be realized with the employer or employee loan. When lending the exact loan terms are usually set individually, whereby the contract is always based on the same private law principles as any other benefit club. The loan can be interest-bearing or non-interest-bearing.

In this lending business, the client takes very few risks, as the partial payments are usually deducted directly from the employee’s salary. Employer loans are also given by the companies to good employees in order to bind them permanently to entrepreneurship. Employer loans are also granted for these. As a rule, if the employee leaves the factory early, the loan is immediately due to expire as per contract.

In addition to the commitment, the employer loan should also motivate the employees in a special way, so that the capital provided with this loan can help many employees to realize their construction costs.

Employer loan in test mode

Employer loan in test mode

Today you can not only borrow from banks, but there are often more and especially sometimes cheaper versions, in which form and from whom you can have a loan. One way to get a loan from a non-bank is an employer loan, also known as an employer loan.

In terms of the way it works, the employer’s seminar is in no way different from a conventional employment contract, except that the lender is not a house bank, but the principal. On the other hand, for many people this is the “problem” because they are often “embarrassed” to ask their client for a loan.

At least many people still think that this still has a positive aftertaste, even though most entrepreneurs essentially welcome it. In addition, one should not be left out of the many privileges of employer credit over the bank loan. In principle, a distinction must be made between employer loans that are granted for a specific purpose by the principal and loans that can be used as and for what purpose.

Since these conditions are treated very differently by the individual entrepreneurs, you should in advance with your entrepreneur clarify under what conditions you can get a scholarship. Thus, for example, dedicated employer loans can be given in the form of a real estate loan, ie the loan amount should be used only for the purchase or construction of a property or as a relocation loan, ie the loan amount should only be used for the resulting in a relocation or incurred or incurred or incurring settlement costs become.

By the way, the employer’s loan for the purpose of real estate purchase is one of the most widely used employer loans. As already briefly mentioned, employer credit brings some positive effects for both the employee and the borrower. The main advantage is that in practice the interest payments are far below the rate charged by credit institutions for a similar loan transaction.

Occasionally, employer loans are also granted free of charge in the form of wage advances, ie without interest. Because interest rates on employer loans are often very beneficial and on the order of a few percentage points, lending is, of course, particularly beneficial for larger amounts of credit, such as mortgage lending. It is also of great use for the employee and the borrower of the employer loan that, as is often the case with credit institutions, problems with the repayment of credit do not necessarily mean that a forced sale of the object to be financed is caused.

As a rule, the client has much greater room for maneuver in the negotiations, and in most cases there is more understanding of legitimate problems than for a house bank whose main task is to lend and to recover the granted loans. From an employer’s point of view, the lending volume is also quite favorable, which should not be the case at first.

Even if the client does not focus on generating a profit in the form of the loan interest, this is nevertheless a welcome “additional income”. In addition, of course, the employee agrees, at least morally, a little more towards the client, if he has gotten a loan from him. In fact, the statistics show that workers who complete an employer seminar change their job much less frequently than workers without an employer semester.

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