Sample Increase Credit Limit or Increase Loan Amount Request Letter

Sample Increase Credit Limit or Increase Loan Amount Request Letter

[Here briefly describe on sample Increase Credit Limit or Increase Loan Amount Request Letter against your bank account or credit card. Banks normally increase the credit limits because of good repute or financial interests in the future. You can customize this letter as per your requirements.]

Date…

The Assistant Manager,

Bank Name…

Bank Address…

Sub: Request for Increase my Credit Limit Letter

Sir,

It is stated that I have a business account with your bank and my credit limit is (amount of money) per month. Nowadays business is a boom and there is high demand for our products (You product and business type). To meet this demand high production is required and purchase of raw material is also needed. (Your requirement).

I beg to say that kindly increase my credit limit to (Your required amount of money) per month so I can purchase raw material from the supplier on an immediate basis.

Yours truly,

Your name…

Job Designation…

Company name…

Contact no. and signature…

 

Another format,

Date…

The Branch Manager,

Bank Name…

Bank Address…

Sub: Request Letter to Increase Loan Amount

Respected sir,

With all respect I wanted to ask for a favor, I have applied for the loan in your bank as I am going to start my own business of clothing (You product and business type). The bank has granted my loan application but the loan amount is not meeting my needs. The details are below –

Showroom fare/price, (amount of money)

Raw products, (amount of money)

Maintenance, (amount of money),

The written proof is also attached with this application. I would like to as for the increment in the amount your bank in giving me. The current amount I am getting is (amount of money) but I need (Your required amount of money) more in order to start my business as soon as possible.

I shall be really thankful for this act of kindness, I am looking forward to a positive response as soon as possible.

Regards,

Your name…

Job Designation…

Company name…

Contact no. and signature…