Request Letter for Credit Limit Increase

Request Letter for Credit Limit Increase

[Request letter for credit limit increase is written by the dealer to the manufacturer to extend the credit limit so that he can do more business with the manufacturer on a long-term basis or to the bank. Below briefly focus on the Sample Request Letter for Credit Limit Increase. An increase in income means you will be able to cover an increase in credit card expenses. You may need to provide proof of your new income to get approved for a higher credit limit. Customize the content according to the information you want to convey.]

To,

Receiver/Bank Authority name…

General/Branch Manager…

Bank Name and Address…

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

From,

Sender/Your Name…

Office/Business Address…

Sub: Requesting for an increase in credit limit

Dear (Sir/Name),

Firstly I would like to express my gratitude towards you for having trust in us and doing business with us. (Describe in your words). It was a pleasure for us to have business partners like you. Your credit limit facility has greatly helped us in making our financial transactions smoother. (Explain all about the situation).

Our boutique sale (Business type) has shown a considerable increase because of the exclusive designs manufactured by your company. (Explain actual cause). I would be very grateful to you if you could enhance the credit limit from 30 days to 50 days. (Cordially describe your greetings and requirements). This will help us in improving our business relations and will also be beneficial to both the companies.

I hope to get a favorable response from you.

Thanking you,

Yours sincerely,

Your Name…

Job Designation…

Business name and address…

Contact info and signature…

 

Another Format, [Email format]

To: Receiver mail address, name.fgzd@email.com

From: Sender mail address, name.gkgk@email.com

Subject: Requesting for an increase in credit limit

Dear (Sir/Name),

First of all, I would like to take this opportunity to extend my heartfelt thanks to (Company name) for extending the credit facility to our store, (Organization Name) for the past (***) years which has helped us a lot. (Describe in your words).

I am happy to inform you that the sale of your product from our store has picked up thus increasing the turnover of your product. (Explain all about the situation). At this juncture, we would be obliged if you can enhance our credit facility. (Explain actual cause). This will give us the opportunity to do more business which will benefit both our company.

If you go through your records, you will find that we have been a regular paymaster and never defaulted on payments to your business. (Cordially describe your greetings and requirements). As such, we are sure you will grant us the credit facility as prayed for.

Awaiting your favorable response,

Sincerely,

Your Name…

Job Designation…

Business name and address…

Contact info…