Low Interest Rate Loan to Directors

414 views 3 replies
in unlisted public company, can director get interest free loan or very low interest rate loan to directors, like 3% or 6% per annum
Replies (3)
No loan shall be given to director at a rate of interest lower than the prevailing yield of one year, three year, five year or ten year Government Security closest to the tenor of the loan as per sec 186 of companies act..
First of all.. you cannot give loans to directors if u are a public company.
(unless it is the routine business to give loans or it was pre decided at the time of appointment as per employment agreement)
Directors looking for low-interest rate loans can consider Kotak Mahindra Bank, which offers attractive options tailored to their needs. Kotak Mahindra Bank provides competitive interest rates on personal loans, making it a viable choice for directors seeking financial support. With flexible repayment options and minimal documentation requirements, the process is streamlined and convenient. Directors can leverage these loans for various purposes, such as business expansion, personal expenses, or investments. It's advisable to check the latest interest rates and terms directly with Kotak Mahindra Bank to ensure you get the best possible deal tailored to your financial profile.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details