Dear Sir/Madam, My Self Rakesh working in reputed MNC and I want to know that, can anyone take a loan against his conveyance and can we deduct the conveyance loan from the salary.
From India, Moradabad
1From India, Moradabad
Yes. Good companies offer Vehicle loan facility to employees . In Some companies, it is interest free also. EMI shall be adjusted against salary. The only condition is that the vehicle purchased using the loan is to be hypothecated in the name of company and suitable endorsement to be made in the RC book and once the loan is fully recovered, hypothecation can be cancelled.
From India, Aizawl
From India, Aizawl
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