Getting a loan from employer?

[SomewhereSG]

hey guys,

 

anyone took loan from your company before? interest free or with interest??

 

what's the pros and cons of doing so?

[Picanto]

which company you working at?

[Damienic]

hey guys,

 

anyone took loan from your company before? interest free or with interest??

 

what's the pros and cons of doing so?

 

I used to work at a company where they provide interest free car loans for employees (as they own the dealership for a few car brands in SG) up to a certain cap. But I din take up the loan then as I wasn't financially comfortable with owning a car at that time and left the company after a few yrs...

[Marquee]

I know some companies provide loan as part of the perks in the past but I am unsure now. All depend on company policy and most importantly, if this complies to taxman regulation.

 

If you are able to get a huge loan from coy; it is almost like slave to them. However, it may not be a bad thing as you automatically converted to "iron rice bowl".