When writing a letter to request hypothecation cancellation from a bank, clarity and politeness are essential. Start by addressing the letter to the branch manager, including your name, loan account number, and the reason for the request. Clearly state that you have repaid the loan and completed all EMIs, emphasizing your need for a No Objection Certificate (NOC) to proceed with the hypothecation cancellation. Express gratitude for their assistance and sign off politely. Avoid unclear language and ensure all necessary details are included for a successful letter.
Sample Request Letter to Bank for Hypothecation Cancellation
- Write an application to Bank for issuance of NOC, Form No. 35 required for HP (Hypothecation) Cancellation of Vehicle
To,
The Branch Manager,
_____________ (Bank Name),
_____________ (Branch Name/ Address)
Date: __/__/____ (Date)
Respected Sir/Madam,
I would like to state that my name is ________________ (Name) and I am holding a loan account with your bank. My account number is ___________ (Account number). I have repaid the loan and already paid all the EMI for the loan account. Also, completed full and final payment of loan account. I want to have hypothecation cancellation from the registered authority for which I will be requiring a No Objection Certificate (NOC).
Therefore, I request you to kindly issue NOC for my loan so that I can get hypothecation canceled as early as possible. I shall be thankful.
Yours Truly,
____________ (Signature)
____________ (Name),
____________ (Date)
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