When composing a letter to cancel a car loan application, maintain a clear and polite tone while providing essential details such as the application number, reasons for cancellation, and contact information. Request the cancellation and mention any associated charges that need to be deducted. Ensure the letter is concise and straightforward to facilitate a prompt response.
Sample Letter for Cancellation of Car Loan Application
To,
The Branch Manager,
__________ (Name of the bank),
__________ (Address)
Subject: Request for cancellation of car loan application number _____________ (car loan application number)
Dear Sir/Madam,
My name is _______ (mention your name) and I am writing this letter in reference to the application number _________ (mention number) which I have submitted to your branch for availing a car loan.
Respected, on __/__/_____ (date) I applied for a car loan in your bank amounting to __________ (mention amount) for a tenor of __________ (tenor). I am writing this letter in order to request you for cancelling my application for the same. I want to cancel my loan application because of the reason ____________ (mention reason here – not buying car/ not interested/ better option available/other). As per requirements, kindly deduct the charges for the same and cancel the application.
Kindly consider this a genuine request and cancel my loan application. You may contact me at _____________ for any query.
Thanking you,
Yours sincerely,
____________ (signature),
____________ (name),
____________ (contact number)
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Deepanshu Thakral