To,
The Manager,
___________ (Bank Name),
___________ (Address)
Date: __/__/____ (Date)
Subject: Request for partial payment of the loan
Respected Sir/Madam,
I, _________ (Your Name) holding a loan account in your bank having account number ____________ (Account Number).
I would like to inform that I took a loan of __________ (Amount) and the tenor of repayment was ________ (Duration of repayment). This loan was taken on __/__/____ (Date) and it was supposed to be repaid till __/__/____ (Date). But due to __________ (Reason – Availability of funds/ Personal Choice), I want to make a partial payment of the loan. The amount will be __________ (Amount of Partial Payment). For any queries, you may contact me at _________ (Contact Number).
Kindly guide me through the procedure and let me know if the number of installments will be reduced
Thanking You,
Yours Truly,
__________ (Signature)
__________ (Name),
__________ (Address)
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