Anyone who applies for personal or business loan should write a loan request letter and enclose it with their loan application. If you are a manager at some bank then use this example to draft a professional and easy to customize letter to inform your customer about the good news. We are highly pleased to inform you that your application for a home loan of $ 20,000 has been approved by the bank. State Bank, I hereby request you to please come by at our office to meet our Loan Officer, Mr. John Smith, anytime during banking hours from Monday to Friday to complete all the formalities so that the loan amount can be credited to your account. loan recommendation write-up for loan approval Be sure to include information on these two critical points in your letter. Your email address will not be published. In general, whether you are an employer with staff, a creditor, or working on a council or a government body, chances are you will need to know how to drat a good letter of approval. It is a brief, formal, informative letter which informs the applicant about the approval of his loan application in a simple manner. The main goal of the sample letter of request for approval, as it says in the title, is to receive approval, so it should be edited very carefully in highly professional manner. As we look to the future, we understand we must create more warehouse space to continue growing. RE: {(Small business) or (Personal)} loan request for {amount}, The purpose of this letter is to request a {(small business) or (personal)} loan in the amount of {amount} for the purpose of {purpose}. Visit Homework Help Desk and have your assignments done on time. Write such a letter on behalf of the bank in a short and sweet manner. Are you a student who needs help with your homework? Club4Ca.com. Request for Approval Letter of Payment. Download FREE letter templates, forms, certificates, menus, cover letters, rental and lease agreements, and much more. A request for approval letter of payment is often drafted and sent out to the person who wields the authority to incur expenditure. A Loan Request Letter is a letter written by a loan applicant and addressed to a lending institution, generally sent as a part of the loan application process. }, {Business name} began operation on {date}, with {number} employees. Banks keep on receiving numerous loan applications. Attached, please find our business plan, our annual profit and loss statement, and our most recent cash flow statement for your review. {Use this space to discuss your marketing presence. Our profit margin remained stable at 18% throughout the year. Pointing out your financial problems works against you instead, point out your qualifications as a borrower. Writing a loan request letter takes a bit of time and research, but does not have to be difficult. Using the above format, you can easily request a loan for your small business or a personal need. Subject: Approval of loan. I would greatly appreciate the opportunity to speak with you about a {(small business) or (personal)} loan. I have known {Name} for {length of time}, as I am {his/her} {supervisor, boss, etc. It also shows: Some common uses for a letter of approval are; to give permission at work, to approve or endorse a project, to approve finances or a loan, etc. Required fields are marked *, Chartered Accountant Club India Copyright 2020 Get a FREE download loan approval letter template in PDF, Word, or copy and paste forms. Click Here To Download Letter Approving A Loan, Application Letter for Loan Date Extension, Your email address will not be published. The purpose of this letter is to request a small business loan in the amount of $20,000 for the purpose of enlarging our warehouse. letter from finance director in granting loans, Application Letter for Business Loan to Bank Manager, Sample Letter of Reminder for Late Payment of Loan, Letter Accompanying Loan Documents Sent to the Bank, draft of sale deed of industrial plot pdf, Courses to do after CA in India for a Better Career, Financial Reference Letter from Accountant Template, 10+ Free Sample Thank You Letters for Donations, Sample Thank You Letter For Donation Of Goods, Calculation of Customs Duty in Excel Format, Letter Format for Changing Email and Contact Number in Income Tax Department, Accounts Receivable Letter Requesting Payment. That the opportunity to speak with you about a { ( small business ) or personal. Your application for a home loan of $ 20,000 own letter approving a loan recommendation letter for loan approval and! 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