Request Letter to Bank for Loan Settlement Certificate – Sample Letter for Loan Settlement Certificate

Table of Contents:

• Sample Letter
• Live Editing Assistance
• How to Use Live Assistant
• Additional Template Options
• Download Options
• Share via Email
• Share via WhatsApp
• Copy to Clipboard
• Print Letter
• FAQs

Sample Request Letter to Bank for Loan Settlement Certificate

To,
The Branch Manager,
_____________ (Bank Name),
_____________ (Branch Name/ Address)

Date: __/__/____ (Date)

Subject: Request for loan settlement certificate of loan account __________ (loan account number)

Respected Sir/Madam,

This is to bring into your kind concern that my name is ____________ (Name) and I am a _____________ (Loan account – Mention loan account type) account holder in your branch for last _________ (Duration) months/ years.

I am writing this letter to inform you that on __________ (Date) I took a loan of amount Rs. __________ (Amount) with a tenure of __________ (Duration) stating _____________ (Number of installments) EMIs. With all terms and conditions accepted, I applied for the loan. But due to some issues I paid the settlement amount at once and repaid the total amount _____________ (Amount) dated _________ (date).

Mentioned below are details of my loan:

Loan Number: _______________
Account Number: _______________
Tenor: _______________

I have repaid the loan amount as per Bank terms and conditions. Therefore, I request you to kindly issue a loan settlement certificate in my name at the earliest. I shall be highly served.

Thanking you,

Yours Truly,
__________ (Signature)
__________ (Name),
__________ (Contact Number)

Live Editing Assistance

Live Preview

How to Use Live Assistant

The Live Assistant feature is represented by a real-time preview functionality. Here’s how to use it:

• Start Typing: Enter your letter content in the "Letter Input" textarea.
• Live Preview: As you type, the content of your letter will be displayed in the "Live Preview" section below the textarea. This feature converts newline characters in the textarea into <br> tags in HTML for better readability.

Additional Template Options

The letter writing editor allows you to start with predefined templates for drafting your letters:

• Choose a Template: Click one of the template buttons ("Start with Sample Template 1", "Start with Sample Template 2", or "Start with Sample Template 3").
• Auto-Fill Textarea: The chosen template's content will automatically fill the textarea, which you can then modify or use as is.

Download Options

Click the "Download Letter" button after composing your letter. This triggers a download of a file containing the content of your letter.

Share via Email

Click the "Share via Email" button after composing your letter. Your default email client will open a new message window with the subject "Sharing My Draft Letter" and the content of your letter in the body.

Share via WhatsApp

Click the "Share via WhatsApp" button after you've composed your letter. Your default browser will open a new tab prompting you to send the letter as a message to a contact on WhatsApp.

Copy to Clipboard

If you want to copy the text of your letter to the clipboard:

• Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
• Paste Anywhere: You can then paste the copied text anywhere you need, such as into another application or document.

Print Letter

For printing the letter directly from the browser:

• Print Letter: Click the "Print Letter" button after composing your letter.
• Print Preview: A new browser window will open showing your letter formatted for printing.
• Print: Use the print dialog in the browser to complete printing.

FAQs

• Can I request a loan settlement certificate directly from any bank official?
  • Typically, the request for a loan settlement certificate should be addressed to the Branch Manager or the relevant department handling loan accounts.
• What information should I include in the request letter for a loan settlement certificate?
  • Provide details such as your name, loan account number, loan amount, tenure, repayment details, and the reason for the request.
• Is it necessary to mention the reason for early loan settlement in the request letter?
  • Yes, providing the reason helps the bank understand the circumstances surrounding the loan settlement.
• How long does it take to obtain a loan settlement certificate after making the full payment?
  • The processing time may vary depending on the bank's internal procedures, but it's advisable to follow up with the bank if there's any delay.
• Should I express gratitude in the request letter for a loan settlement certificate?
  • Yes, ending the letter with a polite expression of thanks shows appreciation for the bank's cooperation and professionalism.

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