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Thread: Directors Loan -Pty LTd

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    Email problem vamily0804's Avatar
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    Post Directors Loan -Pty LTd

    When and how may a director charge his company interest on his loan?

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    Site Caretaker Dave A's Avatar
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    All you need is a loan agreement in place. You can set out the arrangements for the loan, the period over which it is repayable, instalments, interest rate, the works. If the turnover or asset values are high enough, it isn't even affected by the National Credit Act.
    The trouble with opportunity is it normally comes dressed up as work.

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    Email problem vamily0804's Avatar
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    Thx a lot!.
    Wher can i find out more about the national credit act?

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    Site Caretaker Dave A's Avatar
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    We've got information scattered all over, but perhaps the starting point to send you to is our cover page on the National Credit Act project here. It links out to the Act itself, the relevant forum area and the Wiki content.
    The trouble with opportunity is it normally comes dressed up as work.

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    vamily0804 (20-Oct-08)

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    Quote Originally Posted by vamily0804 View Post
    When and how may a director charge his company interest on his loan?
    Where can I get a template/example of such an agreement?

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