Professional Documents
Culture Documents
Employee Loan Agreement
Employee Loan Agreement
Employee Loan Agreement
This Loan Agreement is made and will effective on _________ day of _________________
-BETWEEN-
-AND-
The Employee hereby acknowledges a debt to the Employer in the amount of Eighty Seven
Thousand Pesos (87, 000.00) for the following reason(s):
1. For emergency purposes.
The Employee hereby authorizes the Employer to deduct the amount of Two Thousand Five
Hundred Pesos (2,500.00) per cut-off of the month from the Employee’s salary starting from
January 30, 2021 until the amount is paid in full.
The Employee acknowledge and agrees that the entire outstanding balance will be deducted from the
Employee’s final salary upon resignation or termination of employment with the Employer/Company
Security: To protect Employer, Employee gives what is known as a security collateral in: