Request Letter for the Payment of Personal Loan

Request Letter for the Payment of Personal Loan

[Financial institutions are the one which offers personal loans at the prevailing rate of interest. Here briefly focus on sample Request Letter for the Payment of Personal Loan. If the client fails to make the payment on time, it is the responsibility of the financial institutions to remind them about the same by writing a request letter. Through this letter, they can remind their client about the loan and the repayment of the same. You can make any change to the below application as per your needs.]

From,

Sender/Bank Authority name…

Job Designation and Bank name….

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

To

Receiver/Client name…

Home/Office Address

Subject: Request the payment of a personal loan.

Dear (Sir/Name),

This is to bring to the kind attention that you have still not made the payment against your loan dated (mention the date). (Describe in your words). We have sent you various correspondences regarding the same, but to date, we have not got a single response from you. (Describe actual cause and situation). Therefore, we request you to please make the payment at the earliest; otherwise, we will be sorry to take legal action against you. (Show bank’s rules and policies).

Please consider this letter as a last reminder and make the payment as soon as possible. (Cordially describe your greetings and requirements). I am enclosing the details of your loan and its installments for your reference.

Yours truly,

Your name…

Job Designation and Bank name….

Contact info. and Signature…

 

Another format, [Email format]

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

From: Sender mail address, name.hvjk@mal.com

Subject: Requesting payment on your personal loan.

Dear (Sir/name),

This letter serves as a reminder for you to make the payment of your personal loan by (date) of this month. (Describe in your words). You have not paid your installments for the past (2/3/4/more) months and we would request you to please make the payment on time otherwise the interest will be increased from 5% to 7.5%. (as bank policy). I am also enclosing the details of your payment records for your reference. (Describe actual cause and situation).

We would really appreciate it if you could make the payment on time otherwise, we will be forced to take legal action against you. (Show bank’s rules and policies).

You can contact me if you need any sort of clarification regarding your loan and its repayment. (Cordially describe your greetings and requirements).

Yours truly,

Your name…

Job Designation and Bank name….

Contact info…