Sample Request Application for Loan for Renovation of House

Sample Request Application for Loan for Renovation of House

[These are sample Request Application for Loan for Renovation of House. You can follow these sample application letter for a loan to renovate the home from the office, bank, factory, small loan schemes etc. You can modify this sample as your requirement.]

Date…

Name…

Branch Manager (Job Designation),

Bank name…

Branch Address…

Sub: Application for Loan for Renovation of House

Sir, with due respect I have to state that I have recently returned to (Place and Area name) after working in (Another place and area name) for over a decade (More/less). I am currently staying with staff at a company but I would like to shift to the house I inherited after my parents passed away (Cause of your shifting). However, it is not in a good condition. (Explain actual problem and situation in your own words).

For that purpose, I would like to apply for a loan to renovate my house so I could live in it again as soon as possible. Thank you for your consideration.

Yours sincerely,

Your Name…

Address…

Contact Information…

 

Another format,

Date…

Name…

Branch Manager (Job Designation),

Bank name…

Branch Address…

Sub: Loan for Renovation of House

Dear Sir,

Hope that you will be fine. I am an account holder in your bank for the last 3/5 years (More/less). I have come to know about the loan scheme inaugurated by your bank which is based on small loans against low mark up for building homes. (Describe in your words). According to the bank policy, the requirement for a loan is that one must have a salary account in your bank and the account must be activated three years before the advertisement. (Explain actual problem and situation).

I have decided to renovate my house this summer so I think this new scheme would be beneficent for me. As per the requirements, I am an account holder in your bank for 3/5 years (More/less) and my account is also salaried account which makes me capable of applying for a loan. Moreover, I am also submitting papers of two guarantors in this respect.

It is requested that kindly accept my application for a loan and allow me to start the procedure in this respect. I shall be grateful to you for this favor.

Yours sincerely,

Your Name…

Address…

Contact Information…