Request Letter for Credit Increase by Client to Bank

Request Letter for Credit Increase by Client to Bank

[Below briefly describe on Request Letter for Credit Increase by Client to Bank. This letter is a client of the bank who has already taken credit but now wants to increase the amount of his credit. These types of letters should have all the necessary information that is crucial for the smooth transaction of the procedure. You can make changes as per your requirements.]

From,

Sender name (your name)

Address…

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

To,

(name of the recipient)

(recipient designation)

(Bank name and address)

Sub: Request for Credit Increase

Dear (name of the recipient),

I have recently taken credit from your bank regarding (Show your cause). But, due to some increase in overhead cost, I would request you to please increase the credit from (present amount) to (Required amount). I would like to bring to your kind attention that I am regularly paying the interest on a monthly basis. (Describe in your words). As per the interest, you are charging it will be economically feasible for me to pay the interest even after the required credit increase. (Explain all about the situation).

I have called your bank, and they have told me to enclose some documents about the credit increase. I am doing the needful as per the instructions were given. (Cordially describe all about your requirements). I would be very grateful to you if you could look into the matter and increase my credit on a priority basis. If you have any doubts regarding this matter, call me at (give your mobile number) so that I can meet you in person to explain you in detail. Hoping for a positive and quick reply from you.

Thanking you,

Yours sincerely,

Your Name and Signature…

 

Another format,

From,

Sender name (your name)

Address…

Date: DD/MM/YY

To,

Receiver name

Manager (Job designation),

Bank name and address…

Sub: Requesting for the increase in credit

Dear (name),

With due respect, I would like to bring to your kind attention that I have taken credit from your bank three months back regarding my daughter/son’s education. (Describe in your words). I am regularly paying the interest of the same on a monthly basis. But, recently I have come across some more investments to be made regarding admission procedures. (Show actual cause and situation).

I would request you to kindly increase the credit limit from (Money amount to money amount). As per the interest, you are charging it will be economically feasible for me to pay the interest even after the required credit increase. (Explain all about the situation).

I hope that you will take prompt action regarding this matter so that I should not face any inconvenience regarding my daughter/son’s admission. As you know that I pay the interest every month on time I assure that even the increase in the rate of interest would not affect my payment time. (Cordially describe all about your requirements). I hope you would respond to this in a positive way and will sanction the credit as soon as possible because of the time constraint I am having.

Thanking you,

Yours sincerely,

Yours sincerely,

Your Name and Signature…