Templates

Employee Travel Loan Agreement Template

This document is an employee travel loan agreement. It should be used when an employer agrees to pay the upfront cost of a season ticket or annual pass on behalf of its employee so that the employee benefits from the reduced overall cost. Read more
LegislationGB-EAW
Topics
Employment and HR
Updated by a lawyer: 15 Jan 2026

What is a season ticket loan scheme?

The basics: Season tickets, annual passes, etc., are often more cost-effective than purchasing individual journey tickets, but can be an expensive upfront cost. Employers can agree to pay the upfront cost on behalf of their employee so that the employee benefits from the reduced overall cost as part of a season ticket loan scheme - this can be an enticing employee benefit where office working is required some (or all) of the time.

What does this employee travel loan agreement template cover?

Make sure it is in writing: This employee travel loan agreement template can be used to document your season ticket loan scheme. It sets out how and when the employee will repay the loan to their employer (e.g. by confirming that the employer can deduct a percentage directly from their salary each month, to repay the loan in equal, recurring instalments).

Protect yourself if an employee leaves: This employee travel loan agreement template also includes provisions that set out what happens if the employee's employment comes to an end before the season ticket loan has been repaid, and what happens if the employee's salary is no longer high enough to repay the travel loan.

Why Docue?

Dynamic and customisable: Docue's cutting-edge technology and lawyer-drafted content make it simple to create, customise, e-sign, store and manage your documents - all in one place. You can easily tailor your employee travel loan agreement to suit your business's specific needs using Docue's unique technology.

Full contract process: Signatures can be collected electronically, and all contracts you make are securely saved in your company's own contract account, Docue Drive.

Affordable: At Docue, we believe in transparent and cost-effective pricing without any hidden fees. You can check out our pricing here.

Tags: employee travel loan agreement template, season ticket loan, interest-free season ticket loan, season ticket loan scheme, employee benefits season ticket loan, travel season ticket loan, employer season ticket loan, employee season ticket loan

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