write a letter for loan application sample

application letter for loan: If you want to get a loan, it is very necessary to write an official letter to the bank manager. There is a very simple way to write this letter. You have to mention the reason why you take the loan, the amount of loan and when you will pay it back, and all details related to it such as Account number, Branch code, Full name, and enclosure, etc.

letter for loan

Letter for bank loan Format:

In this article, we can help you how to write a LETTER FOR BANK LOAN in a very simple way. There are many simple available in this article like education loan (Student loan), home loan, and car loan. for any loan, you can use these letters with some modification. Don’t worry guys, read the complete article carefully and get to know the simplest way to write such type of bank loan letter.

FORMAT:

You have to put this given details-

  • At first, Addressing the Branch manager
  • Name and address of the bank
  • Date
  • Subject line
  • Sir/mam
  • Body of the letter (why you take the loan, the amount of loan and when you will pay back)
  • Thank you in advance
  • Regards
  • Name and signature of yours
  • Enclosures

How to Write a Letter for Education Loan Application

letter for loan

if you want to do higher study but you can’t because of money problem. then this letter will help you. this sample letter is for an education loan.

To,
The Manager,
…………Bank,
……………….Branch,
……………(City)
……………….(State)
………………(Pin code)

Sub: Application for education loan

Sir/Mam,

For the past 10 years, I have opened a savings bank account here. I just completed my graduation in the year 2021. I belong to a low middle-class family and the expense of an education is beyond my family’s financial capabilities.

I’m writing this letter to request you an Rs.5lacs loan for education purposes. All rules and regulations must be followed and the loan amount, plus interest must be paid back within 8years.

I would be highly grateful if you complete my request within a week and arrange the loan in my account in cash. I will be highly obliged.

My account details are ………………….
Acc no ……………….
IFSC Code ……………
Name ……………….

Thank you in advance. Let me know if you need any information.

Regards,
Name ……………..
A/c no ……………..
Date ……………
Address ……………
Signature …………….
Enclosure:
1 College admission proves
2 PAN Card
3 Adhar Card/voter card

You may know :

 Write a letter to the Principal for School / College fee exemption

How to write an Application for Transfer Certificate

Bank Account Closing Letter. Application for Closing Bank Account

SAMPLE-2

write application for housing loan

this sample latter for home loan. This letter will help you to get a home loan from any bank.

To,
The Manager,
…………Bank,
……………….Branch,
……………(City)
……………….(State)
………………(Pin code)

Sub: Bank loan for home construction

Sir/Mam,

Myself (put your name), I’m working on(your office name or working place) I have opened a savings bank account 15years. I’m working almost 10 years at there and staying in company’s guesthouse. Now my officer sifts me to my birthplace. That’s why I planning for home construction.

I’m writing this letter to request you an Rs.10 lacs loan for education purposes. All rules and regulations must be followed and the loan amount, plus interest must be paid back within 5years.

I would be highly grateful if you complete my request within a week and arrange the loan. I will be highly obliged.

My account details are ………………….
A/c no ……………….
IFSC Code ……………
Name ……………….

Thank you. Let me know if you need any information.

Regards,
Name ……………..
A/c no ……………..
Date ……………
Address ……………
Signature …………….
Enclosure:
1 Land document
2 PAN Card
3 Adhar Card/voter card

Sample 3

Car loan application letter sample

this sample latter for car loan. This letter will help you to get a car loan from any bank.

To,
The Manager,
…………Bank,
……………….Branch,
……………(City)
……………….(State)
………………(Pin code)

Sub: Application for a car loan

Sir/Mam

Myself (put your name), I’m working on(your office name) I have opened a savings bank account for 5years. I’m working for almost 5 years. My salary Rs. 50000/- I planning for buying a car.

I’m writing this letter to request you a Rs.15 lacs loan for education purpose. All rules and regulations must be followed and the loan amount, plus interest must be paid back within 5years.

I would be highly grateful if you complete my request within a week and arrange the loan. I will highly obliged.

My account details are ………………….
A/c no ……………….
IFSC Code ……………
Name ……………….

Thank you in advance. Let me know if you need any information.

Regards,
Name ……………..
A/c no ……………..
Date ……………
Address ……………
Signature …………….
Enclosure:
1 Income certificate
2 PAN Card
3 Adhar Card/voter card

Sample -4

Business loan application letter sample

this sample latter for a business loan. This letter will help you to get a business load from any bank.

To,
The Manager,
…………Bank,
……………….Branch,
……………(City)
……………….(State)
………………(Pin code)

Sub: Application for a business loan

Sir/Mam,

I’m the manager of ABC company. We plan to start huge production of khadi clothes, bags, etc. now it becomes more popular in the market.

I’m writing this letter to request you an Rs.15 lacs loan for business purposes. All rules and regulations must be followed and the loan amount, plus interest must be paid back within 5years.

I would be highly grateful if you complete my request within a week and arrange the loan. I will be highly obliged.

My account details are ………………….
A/c no ……………….
IFSC Code ……………
Name ……………….

Thank you in advance. Let me know if you need any information.

Regards,
Name ……………..
A/c no ……………..
Date ……………
Address ……………
Signature …………….
Enclosure:
1 Income certificate
2 PAN Card
3 Adhar Card/voter card

IMPORTANT POINTS TO REMEMBER

  • This is an official letter. So the letter’s tone should be official.
  • You have to explain why you’re requesting for loan.
  • You have to mentioned the amount of loan.
  • You have to mention how will you repay.
  • Clearly mention when will you pay back .
  • You should have to give some enclosure.

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