This type of request letter is written by a client of a bank to increase the credit limit of the loan sanctioned to him. Through this letter, you can clearly state the reason behind the increase in credit and also enclose the documents supporting the fact. This letter also serves the purpose of a written communication by a client to his bank.
Refer the following sample and tips to write a letter to increase credit limit with the supplier. One can also take help of these templates to write a letter to bank manager for enhancement of credit limit.
Table of Contents
Credit Increase Request Letter Writing Tips:
- Firstly it is vital to express your gratitude towards your back for lending you credit
- You must state in your letter the exact reason for increasing the credit.
- The wordings of the letter should be polite while expressing your request for the increase in credit.
- Letter should be brief and to the point.
- Once you have completed writing the letter, please recheck the same for spelling mistakes or punctuation errors.
Credit Increase Request Letter Template
To,
____________
____________
Date (Date on which letter is written)
From,
_________________
_________________
Sub:_______________________________________
Dear _________________,
I have recently taken a credit from your bank regarding ____________________. But, due to some increase in overhead cost, I would request you to please increase the credit from ________ to ___________. I would like to bring to your kind attention that I am regularly paying the interest on monthly basis.
I have called your bank and they have told me to enclose some documents pertaining to credit increase. I am doing the needful as per the instructions given. I would be very grateful to you if you could look into the matter and increase my credit on priority basis.
Thanking you,
Yours sincerely
(___________________)
Download Template (Doc and PDF)
Credit Increase Request Letter Sample, Email and Example/Format
Sample
To,
Mr. Wilson Smith,
Manager (Credit and Loan Department)
UCS Bank
Netherland
Date (Date on which letter is written)
From,
Steven Marc
Apartment no. 16
Netherland
Sub: Requesting for the increase in credit
Dear Mr. Smith,
With due respect, I would like to bring to your kind attention that I have taken credit from your bank three months back regarding my son’s education. I am regularly paying the interest of the same on monthly basis. But, recently I have come across some more investments to be made regarding admission procedures. I would request you to kindly increase the credit limit from $40000 to $50000.
I am enclosing all the relevant documents for increase in credit. I hope that you will take prompt action regarding this matter so that I should not face any inconvenience regarding my son’s admission.
Thanking you,
Yours sincerely
________________
Steven Marc
Email Format
This letter is from a client of the bank who has already taken credit but now wants to increase the amount of his credit. These types of letters should have all the necessary information that is crucial for the smooth transaction of the procedure.
Dear Mr. Smith,
I had taken a credit from your bank nearly three months back. I had taken Home improvement loan, payable by me in the time period of 1 year. I have been regularly paying the interest on the amount. But now due to some miscalculations on part of the renovators the amount of the work undertaken has been increased. I thus, want to increase the credit amount from $12,000 to $14,000.
I have been in touch with the bank and they have asked me to give a written application, along with all the related documents. I am, hereby, enclosing the required papers of my loan.
I hope that my application for increasing the credit amount will be entertained by your esteemed bank.
Thank You,
Yours sincerely,
______________
Robert Stevenson
Credit Increase Request Letter Generator
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