When drafting a clearance letter for full payment, clarity and precision are essential. Clearly state the purpose of the letter, including details such as the borrower's name, account number, and the amount repaid. Specify the date of the final payment installment and ensure a polite tone throughout the letter.
Sample Clearance Certificate for Full Payment
To,
__________
__________ (Receiver Address),
Subject: Payment Clearance Certificate
Date: __/__/____ (Date)
Sir/Madam,
This letter is in reference to __________ (mention details – loan/other) bearing account number/ ID number/ user number ___________ (mention – account number/ ID number/ user number).
This is to state that __________ (name of the borrower) has completely repaid __________ (mention amount). The final installment for the repayment was done on __/__/____ (date).
This letter serves as an official clearance certificate for the completion of repayment of the borrowed amount.
For,
____________ (Company’s Name)
____________ (Signature),
____________ (Name),
____________ (Contact Number)
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Sandeep Bhandari