Loan Request Letter to Bank Authority

Loan Request Letter to Bank Authority

A loan request letter is important to sell the business idea or investment to the lender. A loan request is written by a bank’s customer or employee and addressed to the bank manager, human resource manager, or direct employer. Here briefly focus on sample Loan Request Letter to Bank Authority. It is a formal request that shows how you plan to use the money and helps the lender know if the business is worthy of the money being borrowed. You can make any change to the below application as per your needs.]

From,

Sender/Your Name…

Home/Office address…

Date: DD/MM/YY (the date on which letter is written)

To,

Receiver/Bank manager name…

Name and Branch name…

Sub: (Write your topic).

Dear _________________,

My name is (name), I have been banking with your bank for (***) years under the name (Account name). I am grateful for the good services that you provide to your customers. (Describe in your words). I hereby write this letter to request for a (Money amount) loan for my (Business type/other purposes) business.

I wish to venture into a new business that will be involving manufacturing new products from recycled materials. (Describe all about the situation). I wish to make products for decoration like chandeliers from recycled glass and plastic. (Describe your business details). This business will offer job opportunities to approximately (***) number of people.

I have read and understood the terms and conditions for the loan and I wish to request for (Time period) period to repay in full. The repayment will be made in (***) installments. (Describe your requirements). Kindly see the attached business proposal, the duly filled and signed small business request form for your consideration. (Cordially describe your greetings and expectation). Should you have any questions, kindly reach me through my mobile (*****).

I hope that you will approve this loan request at your earliest.

Thank you, I look forward to your response.

Yours Truly,

Your name…

Address…

Contact info. and signature…

 

Another Format, [Email format]

To: Receiver mail address, name.dghj@mail.com

From: sender mail address, name.ghjv@mail.com

Sub: Request for a salary loan

Dear Sir,

I am a salary account holder of your bank for the past (***) years and have always maintained high deposits with your bank. (Describe in your words). Now I am planning to take a loan for construction of my house the land for which already belongs to me. (Describe all about the situation).

In view of the above, I would request that a loan of (Money amount) may kindly be granted to me for (Time period) years. (Describe your requirements). I have attached all forms and documents as required by the bank for the same. (Cordially describe your greetings and expectation). I would be grateful if the same can be processed at the earliest.

Thanking you in anticipation,

With Regards,

Yours truly,

Your name…

Address…

Contact info…