Banks usually do not require a letter to obtain a personal loan, but other financial institutions require a letter. Writing a letter wherein you ask for a loan is not a difficult task though a few guidelines should be followed. The letter needs to mention your loan and then also mention your capability to repay the loan.
The bank only needs to know your reason for applying for the loan and how you would repay the debt, nothing else. If you have benefited from the services of this bank in the past, then you can mention that in your letter. If you have an account in this particular bank, you must mention that as well. Before issuing a loan, the bank needs to know you are already a valuable part of the bank. Only then it will be convinced to give you the loan. If you have some accounts in this bank and do a great deal with it, then the bank will have the preference for you than another person who is seeking for a loan to this company.
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Sample Request Letter For Personal Loan Writing Tips
- First and foremost it is vital to mention the reason for asking for a personal loan.
- The wordings of the letter should be polite enough to support your request.
- The tone of the letter should be formal.
- Once you are through writing the letter, please recheck the same for grammatical mistakes or punctuation errors.
Sample Request Letter For Personal Loan Template
Use our free Sample Request Letter for a personal loan to help you get started.
Date (Date on which letter is written)
I would like to bring to your kind attention that I have recently submitted documents for the _____________________________. I would need a personal loan to make the payment for the same. I am enclosing all the documents for your reference pertaining to _______________. I would be very thankful to you if you could arrange the loan at the earliest as I am a account holder in your branch. My account no. is ____________.
I look forward to having a prompt action from you regarding this matter. Please feel free to call me regarding any clarifications.
Mr. Edward Hilton,
16, Mall Street
Sub: Requesting for a personal loan
Dear Mr. Hilton,
I would like to bring to your kind attention that I am holding a saving account in your bank, my account no. is 34521. My son has applied for the management course in one of the best universities in London, and he has cleared the entrance of the same. Massive investment is involved in his admission. Therefore, I am in need of a personal loan of $30000 for the same. I am enclosing all the relevant documents for the application of loan. Hope you will consider our request on a top priority basis and arrange a personal loan for us at the earliest. It is a matter of my son’s future.
I look forward to having a prompt action from you regarding this matter.
Given below is a sample email for writing a request for loan letter.
Subject: Request for loan
Dear Ms/Mr. ____________
With due respect, I will like to request you for a duplicate copy of following documents issued in my name as on mentioned date
Mark sheet of 7th and 8th semester serial no ______ and _________ respectively dated ______ (date)
Certificate of completion of course
Migration certificate and,
I will like to mention that I lost these certificates recently and a police complaint has been made in this regard, a copy of which is attached along with this letter.
It would be worth mentioning that kindly issue these certificates as soon as possible as I need them to appear for a government exam.
Kindly have sympathetic regards and issue the certificates at the earliest,