1. How long can an individual borrow money from the company? It depends on the specific situation:
(1) A legal loan relationship can be established between an individual and an organization as long as the legal conditions are met, regardless of the duration;
(2) Any employee of a company, enterprise or other unit who, by taking advantage of his position, misappropriates the funds of his own unit for personal use or lends them to others for use for no more than three months shall be investigated for criminal responsibility.
2. Legal basis: Article 272 of the Criminal Law of People's Republic of China (PRC).
Crime of misappropriating funds: staff members of companies, enterprises or other units who, by taking advantage of their positions, misappropriate the funds of their own units for personal use or lend them to others, and the amount is relatively large, which has not been paid back for more than three months, or, although it has not exceeded three months, the amount is relatively large, and they engage in profit-making activities or engage in illegal activities, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention; Whoever misappropriates a huge amount of funds from his own unit shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years; If the amount is especially huge, he shall be sentenced to fixed-term imprisonment of not less than seven years.
Crime of misappropriating public funds. Personnel engaged in public service in state-owned companies, enterprises or other state-owned units and personnel appointed by state-owned companies, enterprises or other state-owned units to engage in public service in non-state-owned companies, enterprises or other units shall be convicted and punished in accordance with the provisions of Article 384 of this Law.
Whoever commits the act mentioned in the first paragraph and returns the misappropriated funds before initiating public prosecution may be given a lighter or mitigated punishment. Among them, if the crime is minor, the punishment may be mitigated or exempted.
Second, what are the procedures for individuals to borrow money from the unit?
Individuals need to go through the following procedures to borrow money from the unit:
1. The borrower applies for a loan from the company and submits relevant materials;
2. After approval, the borrower signs a loan contract with the company;
3. After the company implements the loan conditions, it goes through the loan formalities according to the prescribed procedures and transfers the loan funds to the borrower's bank account;
4. The borrower repays the loan principal and interest on schedule;
5. After the loan is settled, go through the mortgage withdrawal procedures according to the company's regulations.