Request Letter for Credit Increase

Request Letter for Credit Increase

[The Credit Increase Request letter comprises the reason for which the writer is writing the letter, a brief explanation about the situation the writer currently facing, his or her percentage of increase in the credit that is needed, documents attached to the letter, if any, for the support of the reason. Here briefly describe on sample Request Letter for Credit Increase. Through this letter, you can clearly state the reason behind the increase in credit and also enclose the documents supporting the fact. This letter also serves the purpose of written communication by a client to his bank. You can make changes as per your requirements.]

From,

Sender/your name…

Home/Office Address…

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

To,

Name of the recipient…

Recipient job designation…

Bank name and address…

Sub: [Request for Credit Increase – write your topic]

Dear (name of the recipient),

I have recently taken credit from your bank regarding (Purpose). But, due to some increase in overhead cost, I would request you to please increase the credit from (Money amount) to (Money 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. (Describe actual cause and 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. (Describe all about the situation). I would be very grateful to you if you could look into the matter and increase my credit on a priority basis. (Describe all about your requirements). 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 to you in detail. (Cordially describe your greetings and expectation). Hoping for a positive and quick reply from you.

Thanking you,

Yours sincerely

Your name…

Home/Office Address…

Contact info. and Signature…

 

Another Format, [Email Format]

TO: Receiver Mail address, name.gkhj@mail.com

From: Sender mail address, name.jklj@mail.com

Sub: Requesting for the increase in credit

Dear (Sir/Name),

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

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

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

Thanking you,

Yours sincerely,

Your name…

Home/Office Address…

Contact info…