Loan to director by pvt ltd co.

Pvt Company can provide loan, provided business of such company is Providing Loan in ordinary course of business
- Rate of Int shall not be less than the prevailing yield Closest to tenure of Government security

As per section 185 of The Companies Act 2013,

Yes, a private company can provide loan to its directors subject to compliance with following conditions:-
1. In its share capital no other body corporate has invested any money;
2. It's borrowings from banks or financial institution or any body corporate is less than twice of its paid up share capital or fifty crore rupees whichever is lower.; and
3. It has no default in repayment of such borrowings subsisting at the time of giving such loan.