When writing a request letter to a bank for early loan settlement, it is important to be clear and polite. Introduce yourself and clearly state the purpose of your letter. Make a specific request for the pre-closure of the loan, explain the reason for needing it, and provide all relevant details. Always thank the receiver for considering your request. Ensure the language is clear and all necessary information is included to avoid any confusion.
Sample letter: Request Letter to Bank for Early Loan Settlement
To,
The Branch Manager,
___________ (Name of the bank),
___________ (Branch address),
Date: __/__/____
Subject: Request for Pre-closure of Loan
Dear Sir/Madam,
With due respect, my name is _______________ (name), and I hold a loan account with your bank, bearing account number _____________ (mention loan account number). I am writing to request the pre-closure of my loan.
Due to _______________ (mention reason, e.g., improved financial situation, receipt of funds, etc.), I am now in a position to settle the outstanding loan amount earlier than the scheduled tenure. I kindly request you to provide the necessary information regarding the pre-closure process, including any applicable charges or fees.
Enclosed herewith are the necessary documents for your reference, including ___________ (Loan agreement), ___________ (Identification proof), and ___________ (Any other relevant documents).
I request you to process my application for early loan settlement at your earliest convenience. If there are any additional steps or information required, please inform me at __________ (contact details).
Thank you for your attention to this matter.
Yours sincerely,
___________ (Name)
___________ (Loan account number)
___________ (Contact number)
___________ (Email address)