ellaen8:
when i heard they are already in training school.

xcommando:
My kid sister went for the second phase of the interview last two weeks

praise010:


Yet to be received. Check the email and ensure it was properly sent

Guitarlife:
@Op no doubt there will be a lot of uninformed suggestions here, far too many commenting have never worked as a full staff in a financial institution and therefore do not understand the circumstance of the issue.

There are two things involved here, are you referring to the upfront Quarterly payment that the bank regularly pays its staff and housing allowance paid at the start of the year or a loan by your sister where she requested for one and it was approved with legally binding documents signed ?

If it is the former (first) then, I'd say that the bank does not have any legal stand to demand your sister to pay it back because under the law there must have been an application and subsequent approval and acceptance of the said loan for loan agreement to be binding.
In this case your sister never applied for the loan therefore she is not technically obligated to pay although I am aware the bank might still throw her account into debit and start accumulating interest after some months. This to me isnt an issue per se cos there aint no binding agreement while the only issue might be that the bank may not provide a positive reference for your sister in future in case she chooses to apply for another jjob and need s the bank to referee her as having worked with them before.

Now to the second scenario, Your sister indeed applied for the loan and I understand she might signed some legally binding documents too. However, while she is morally obligated to pay the loan back their might not be a consequence as such most likely what i wrote up there will suffice too, it depends on the approach that the bank decides to take but I am aware that since no collateral was submitted which should be the case in a regular structured loan the case might not well compare with someone who took a regular loan out there.

I will want to read from other experienced folks too as this is an an opportunity to learn.

Thanks.

dudu200:
Op your sister should ask the bank to restructure the loan as in if it was a staff loan they should change it to commercial loan. Your sister should have it in mind to pay the loan once she secure another job. Nevertheless she is not under any obligation to pay the whole money once as it was a loan to be paid from monthly salary. Thanks

ultron12345:
You are not even asking that the loan be paid back in installments rather u want the loan to be forfeited.....hmmm......people are wicked.


What did the loan agreement or policy say about loan repayment when the employee Is sacked?