When writing a letter to request an interest concession from a bank, it's important to clearly state your name, account details, loan information, and reasons for seeking the concession. Be polite and respectful throughout the letter, emphasizing the financial challenges you are facing and providing necessary documentation to support your request. Request a response from the bank after they review your case.
Request Letter to Lower the Bank Interest Rate
To,
The Bank Manager,
___________ (Name of the Bank),
___________ (Address)
Date: __ /__ / ____ (Date)
From,
___________ (Name of the individual),
___________ (Address)
Subject: Request letter to lower the bank interest rate
Respected Sir/Madam,
My name is _________ (Name) and I hold a _________ (savings/current/others) account in your bank. My bank account number is _______________ (Bank account Number).
I have taken a _____________ (Home/educational/others) loan worth ___________ (Mention the amount) from your bank. I am required to pay an interest of ____________ (Mention the interest rate and amount) every month. I would like to say, that I have some financial issues coming up; __________________ (Urgent home issues/medical issues/Mention your issues very clearly in detail).
I humbly request you to please lower the interest rate because of the above-mentioned reason. I will attach the loan papers and receipts for your kind perusal.
I shall appreciate it if there is a response from your side after looking at my case.
Thanking you,
Yours ____________ (Sincerely/Faithfully),
_____________ (Name),
_____________ (Signature)
Enclosed: Loan Papers and receipt
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Deepanshu Thakral