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Company Loans with low/no interest as a Benefit offering ? — Cloud Customer Connect
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Company Loans with low/no interest as a Benefit offering ?

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edited Mar 3, 2021 1:30PM in Benefits 1 comment

Summary

Has anyone implemented company loans in Oracle Fusion

Content

Lets say a company offers a  low/no interest loan for the Employees for Buying a car.

  • Employees need to make a request and get it approved by the manager.
  • Employees need to provide the car title document within 30 days of availing the benefits.
  • Employees can choose a value till a cap limit of lets say,$10,000.
  • For higher grade/seniority,we can have higher cap limit like $15,000 or $20000 etc.
  • Employee can choose the tenure between ,lets say 12 month,24 month,36 month and rate will be populated based on the tenure and coverage amount.

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