Loan Repayment Agreement Employee Template for New Zealand

1. Security Arrangements: Include when the loan is secured against specific assets or guarantees

2. Early Repayment: Include when early repayment options are available, including any penalties or benefits

3. Loan Forgiveness Conditions: Include when there are conditions under which part or all of the loan may be forgiven

4. Insurance Requirements: Include when insurance is required to secure the loan

5. Variation of Employment Terms: Include when the loan agreement affects other employment terms

6. Dispute Resolution: Include when specific dispute resolution procedures are required beyond standard legal remedies

7. Financial Hardship Provisions: Include when specific provisions for handling financial hardship are offered

1. Schedule 1 - Loan Details: Detailed breakdown of the loan amount, interest calculations, and payment schedule

2. Schedule 2 - Repayment Schedule: Detailed payment schedule showing dates, amounts, and balance reduction

3. Schedule 3 - Salary Deduction Details: Specific details about how salary deductions will be calculated and processed

4. Appendix A - Loan Application: Copy of the employee's loan application and supporting documents

5. Appendix B - Employee Acknowledgment: Employee's acknowledgment of understanding of terms and conditions

6. Appendix C - Security Details: If applicable, details of any security arrangements or guarantees