Directors Loan -Pty LTd

[vamily0804]

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

[Dave A]

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.

[vamily0804]

Thx a lot!.
Wher can i find out more about the national credit act?

[Dave A]

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.

[adelina1]

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

Where can I get a template/example of such an agreement?