Originally Posted by
Calmcavok
Note of caution, a common misconception amongst new joiners is that the company car loan can be used as a deposit on a flash motor. Not the case as that is explicitly prohibited.
So how does it work? Let's say I want to buy a car for 100.000 Dhs. The 70.000 will be discounted from my sallary and the other 30.000 I'd have to pay at once when buying it? The 70.000 loan that EK provides is not a deposit? So how one should use it when buying the car?