{"id":4868,"date":"2022-01-07T13:25:31","date_gmt":"2022-01-07T13:25:31","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/loans\/"},"modified":"2022-04-25T11:54:01","modified_gmt":"2022-04-25T06:24:01","slug":"loans","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/loans","title":{"rendered":"Loans"},"content":{"rendered":"

A loan is an arrangement by which a company (individuals, corporations, or financial institutions collaborating) advances funds to an individual incapable of providing security or interest to the lender for the funds. Regarding financial institutions referring to banks, money lent between banks on call money market and repurchase agreements are not considered loans because there is no transfer of funds from one bank account.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-4868","hr-glossary","type-hr-glossary","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat are employee loans? | Meaning & Definition | Akrivia HCM<\/title>\n<meta name=\"description\" content=\"Employees can apply for loans, which are assessed, approved, and then converted into loan agreements setting out the terms and conditions of repayment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/akriviahcm.com\/resources\/hr-glossary\/loans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loans\" \/>\n<meta property=\"og:description\" content=\"Employees can apply for loans, which are assessed, approved, and then converted into loan agreements setting out the terms and conditions of repayment.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/akriviahcm.com\/resources\/hr-glossary\/loans\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-25T06:24:01+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/loans\",\"url\":\"http:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/loans\",\"name\":\"What are employee loans? 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