Sample Loan Rejection Letter from Bank

Sample Loan Rejection Letter from Bank

[These are Sample letter Loan Rejection Letter from Bank to the client. These are the Letter to inform the client that loan request has been rejected and objections. You can modify this format as your requirement.]

Date…

Client Name,

Address…

Sub: Rejection of Request for Loan

Dear Sir,

It gives us the pain to apprise you that your request for the loan (Amount of money) has been rejected by the board of directors of our bank. The main reason for this rejection was found to be the short amount of salary you are earning, being a job holder in a government service. (show actual problem and situation). As you have no source of income other than this job and the bank has strong reservations over your way of returning this huge amount of loan.

Anyhow, we would always be available to serve you in other matters. Hoping to serve you in a better way.

Manager Operations,

Bank name…

Branch name and Address…

 

Another format,

Date…

Client Name,

Address…

Sub: Loan Rejection Letter

Dear (Name),

Further to your recent loan application, this is to advise you that we will not be able to extend credit to you at this time.

After a thorough review of your application and the supporting documents you supplied, we have concluded that your current financial situation precludes this institution from extending further credit to you at this time. (show actual problem and situation). When your financial picture changes and your current level of risk. exposure becomes lower, we would be happy to reconsider your application.

On behalf of (Bank name), I thank you for your ongoing business and trust that we will continue to serve you in the future.

If you have any Questions about the details of your loan application review please feel free to contact me at (000)00000.

Yours truly,

Manager Operations (Job designation),

Bank name…

Branch name and Address…