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    Application For Loan From Employees' Provident Fund: Part I (To Be Filled by The Applicant)

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    cpasl123
    An employee has applied for a loan from the Employees' Provident Fund. The 3-page application document includes sections for the applicant details, the manager's recommendation, checking of eligibility by HR, and potential approval by the EPF committee. If approved, the loan would be subject to the fund's rules and repayment terms aligned with the bank's staff loan schemes. Housing loans require the property be in the applicant's name.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Application For Loan From Employees' Provident Fund: Part I (To Be Filled by The Applicant)

    Uploaded by

    cpasl123
    40 views2 pages
    An employee has applied for a loan from the Employees' Provident Fund. The 3-page application document includes sections for the applicant details, the manager's recommendation, checking of eligibility by HR, and potential approval by the EPF committee. If approved, the loan would be subject to the fund's rules and repayment terms aligned with the bank's staff loan schemes. Housing loans require the property be in the applicant's name.

    Original Description:

    loans

    Original Title

    Loan App

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    An employee has applied for a loan from the Employees' Provident Fund. The 3-page application document includes sections for the applicant details, the manager's recommendation, checking of eligibility by HR, and potential approval by the EPF committee. If approved, the loan would be subject to the fund's rules and repayment terms aligned with the bank's staff loan schemes. Housing loans require the property be in the applicant's name.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    40 views2 pages

    Application For Loan From Employees' Provident Fund: Part I (To Be Filled by The Applicant)

    Uploaded by

    cpasl123
    An employee has applied for a loan from the Employees' Provident Fund. The 3-page application document includes sections for the applicant details, the manager's recommendation, checking of eligibility by HR, and potential approval by the EPF committee. If approved, the loan would be subject to the fund's rules and repayment terms aligned with the bank's staff loan schemes. Housing loans require the property be in the applicant's name.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Application for Loan from Employees Provident Fund

    Part I (To be filled by the applicant)


    Date of Application:
    Ref No:
    (*dd/mm/yyyy)

    (* for office use only)

    Name in Full:
    Date of birth:

    Branch / Department:

    (* dd/mm/yyyy)

    NIC:

    Amount requested: Rs.

    Purpose of loan:

    Employee Number:

    I, (* initials with surname) being a member of the


    Sampath Bank PLC Employees Provident Fund do hereby apply for a loan from the said Fund
    in terms of Rule 7 of the Fund, Complying within all matters concerning repayment of the loan. I
    certify that the above particulars are correct and that if the loan is granted it will be used for the
    purpose stated above.
    ..
    Signature of the applicant
    Part II (Recommendation of Branch Manager / Department Head)
    Comments/Observations/Recommendation:

    ...
    Signature (Branch Manager / Head of Dept)
    PART III (To be filled by Human Resources Dept)
    Balance in Provident Fund
    Rs.
    75% of EPF balance

    Rs.

    Less :

    Rs.

    Existing Loans

    Total monthly emoluments


    Deductions: PF contributions

    Rs.
    Rs.

    Repayment of existing PF loans Rs.


    Other deductions
    Total

    Rs.
    Rs.

    Rs.

    Total deductions after granting the loan

    Rs.

    60% of total monthly emoluments

    Rs.

    Expiry date based on the proposed repayment (*dd/mm/yyyy)


    Applicants 54th Birthday (*dd/mm/yyyy)
    The above particulars were checked by me and certified as correct.

    (Approved / Not Approved)

    .
    Signature (Manger HR)
    Part IV (Approval for Exceptions by EPF Committee of Management)

    (Approved / Not Approved)

    .
    Signature

    Conditions:
    (i)

    Any loan/s obtained previously against the EPF balance will be taken into
    consideration when calculating the loan amount eligible for a member.

    (ii)

    All loans under EPF Loans Scheme will be guided by prevailing terms applied under
    Sampath Bank Staff Loan Schemes and any amendments thereto at the time of
    approving /granting of loans.

    (iii) All loans granted by the Fund shall always be subject to Restrictions and
    Terms in the Rules of the fund.

    (iv) In the case of Housing loans the property should be in the name of the member or to
    be purchased in the name of the member. Applications for the purchase of property
    in the name of the spouse or for construction on a property belong to spouse will be
    referred to the Committee of Management for necessary approval. Committees
    approval will be final.

    SBEPF FORM NO. 01

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