What would meaning of -
Interest Subsidy for Contingency Loan, 2-wheeler & 4-wheeler loan – only 4% interest will be paid by employee with the max interest cap of 14% ?

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They offer you/ support you in getting a loan to buy 2W /4W where a part of the interest is subsidized by the firm. You'll have to pay the rest of the interest and of course the principal.

And the remaining interest portion will be considered as perquisites (of which certain portions will be deemed tax free).

Company shall provide you a interest subsidy b/w 4 to 14% if you decide to buy 2W/4W in the future based on the need. if market lending rate of 4W/2W from a bank is 12% then using this clause you may get the same in <12%

Thank you

Which company provides this?

We only get employee discount coupons on few brands like Lenovo, Featherlite 😂

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