When drafting a letter to request a change of guarantor for a bank loan, clarity and politeness are key. Clearly state your intention to change the guarantor, provide necessary details such as loan application number and reason for the change, and express gratitude for their assistance.
Sample Letter to Bank for Change of Guarantor
To,
The Bank Manager,
___________ (Bank Name),
___________ (Address)
Date: __/__/____ (Date)
Subject: Request for change of guarantor
Respected Sir/Madam,
I am __________ (Name), a resident of _________ (Location). I have applied for a loan in your bank and my application number is _________ (Loan application number) on __/__/____ (Date).
I am writing this letter to change the guarantor of the loan for the above-mentioned loan application. The reason for changing the loan guarantor is _______ (reason for the change of guarantor). I request you kindly accept my application in this regard and change the guarantor. I am ready to proceed with any required formalities.
I shall be highly obliged for your kind support.
Thanking You,
Yours Truly,
__________ (Signature)
__________ (Name),
__________ (Address)
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