Overdue for Staff Loan

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  • Thank you HR for taking your time to come in the branch, I wanted to ask for clarification about the Staff loan, but 1st of all on my side & on behalf of my colleagues let me thank AB Bank for introducing this product, for sure it helped many of us, but my concern now is that once in overdue we are charged more amount, So I suggest that they remove those extra charges for late payment. Thank you.
  • Thank you for the question @Dan but let me comment on this issue you raised, as we all know the interest rate for Staff Loan is very low, and even the payment date is always after 25th of each month after receiving the salary on our A/Cs, so I don’t think there is an inconvenience that favorites overdue to Staff, instead any late payment of staff loan installment will involve serious measures that you will be informed soon. For any issue on this please liaise with HR Dpt. Thank you.
  • Branch meeting with HR, an employee called @Dan is asking a question.
  • HR responds to the question
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