Last updated: 

May I use personal money to lend my employee?

I am an owner of some minor companies here in Singapore, I have a lot other businesses here. But there in one of my businesses, I have a lot of employees who are requesting to borrow money from the company to pay their bills. The company does not allow it. But can I lend my own money to lend to them?

User comments

  • user image

    No Name

    Lending money to your employees is allowed. It is like lending money to your family. But if you do not trust these persons, you can make an agreement with them so that you can have the right to acquire their possessions if they vanished after not paying. As the owner of the business you can also deduct that to their salaries.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums


When should I file my claim to the TADM?


An agency I applied for is a fraud.


As an employer, what can I do if my employees are evperiencing employment grievances?


Fraud by the employees


What are the common Employment practices in Singapore?


What are the most in demand jobs in Singapore?