Sample approval letter to approve a loan
Sample approval letter to approve a loan
We, the team from XYZ bank are in scripting this epistle in reference to your solicitation for a loan amount of Rs.10,00,000. Your solicitation has gone through the guaranteeing efficaciously and we are exultant to approve your application along with an annual interest of 9% per annum. The loan would be pertinent for 25 years.
Request you to read the enclosed terms and conditions prudently and subsequently accepting the terms and conditions, please sign the attached forms and return them to the bank as soon as possible so that we can quickly start to process your loan and release the amount for you. The amortization terms are also enclosed within the mail. We request you to abide by the amortization rules in order to save yourself from any late payment charges.
You will be required to make the first payment in the next 15 days of an amount of Rs. 25,000 after we have released the principal amount. The succeeding payments would be due to be paid on the second day of every month thereafter.
In case of any queries, please feel free to contact us anytime or you could visit our branch between 9.00 a.m. to 4.00 p.m. or you could write to us at loans@xyzbanking.com
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- Sample approval letter to approve a loan -Hemant Sharma (03/25/14)
Sample approval letter to approve a loan
State bank of Kerala is pleased to confirm that after going through underwriting successfully, we are willing to extend to you the personal loan of INR.50,000 immediately.
In brief, we can offer you a payment scheme for 3 years. The first payment of INR.3,000 is due 30 days after disbursement of the amount. The interest rate on the unpaid balance will be calculated accordingly to our standard measures. Our 11% interest is good for the entire term of the loan.
You are kindly requested to visit our main office located near the XYZ Metro Station, Head office at the 2nd Floor, Fairlay Building, Kerala anytime during out banking hours, within 7 days with the below mentioned documents:
• Original copy of payslips for previous 3 months of which was faxed to our bank.
• Current address proof as on your bank statements for the last 2 months.
• Valid identification proof (company ID, passport or other government issued ID with photo and signature).
Kindly get in touch with us at 094-9889-908 for confirmation and further inquiries from 9 am to 5 pm, Monday to Friday. We look forward to the completion of your loan.
