Discounted loan rate

ABAFS will loan employees money to purchase a car, at a rate lower than external credit providers. The interest rate offered would be $3\%$ on a loan of $$50,000$ with a term of $5$ years. The employee$$s current salary would remain the same as ABAFS would not pass on any FBT liability. Employees will make weekly repayments from their after tax salaries.

a$)$ Evaluate the costs and benefits to both ABAFS and employees using the template provided in Submission $1($xlsx$)$ Part $1$ Task$1.$ Please note that there are potential financial costs and benefits as well as non$-$financial costs and benefits. Discuss both where applicable.