Sample Letter to Bank for Home Loan

Sample Letter to Bank for Home Loan

[Here briefly describe on sample application letter to request a home loan from the bank for construction, purchase of land or maintenance of home etc. You can modify this format as your requirement.]

Date…

Branch manager,

Bank/Institute name…

Branch Name…

Sub: Request for Home Loan

Dear Sir,

Recently I heard that your bank is giving a home loan to those who cannot afford to buy a home on their own. I am a teacher at a local college (Job type) and with my salary, I can only meet up necessary needs. I bought some land a few years back in (Area/city name), but could not build a house on it due to lack of funds. (Show your actual problem and situation). I want to apply for a home loan of at least (Amount of money). I have very secured job and I am sure that I would return the loan as per your conditions. Besides, I can fulfill all the terms and conditions described in bank documents.

Kindly grant me this loan so I could build my dream home. I will always appreciate you and your organization for this service. I look forward to your reply and approval of my loan application.

Best Regards,

Your Name…

Contact no. and Signature…

 

Another format,

Date…

Assistant manager,

Bank/Institute name…

Branch Name…

Sub: Letter to Bank for Home Loan

Respected Bank,

Sir, I recently heard about the home loan policy that your bank has initiated. I am quite happy to be a client of a bank that makes the life of people easy by such offers. However, I have just returned to my hometown after being retired from the (Job) and hope to settle down here. For that purpose, I would like to request you to grant me a loan for a specific amount of money so that I can pursue my dream of having a house in the city that I love. With utmost respect, I want to request a loan from your bank of (Amount of money). For the loan security, I would like to offer my car to your bank.

I shall be highly obliged if I am able to achieve the loan as I fulfill all the requirements of a mortgagor. I agree to pay all the installments before the given date with interest. I shall be very thankful to you.

Your Name…

Contact no. and Signature…