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An employee loan agreement template is a document that describes a debt that is to be paid from an employee to a company that loaned the sum of money. The debt is usually paid back via future paychecks so there is usually little or no interest or fees that is taken from the amount. Once both parties authorize the agreement it should be held for each party’s record-keeping.
How to Write
- Company Name and Address
- Employee Name and Address
- Amount Borrowed
- Amount to Deduct From Future Payrolls
- Nothing to Write
- Signature Area – Employee, Company, and a Witness