Writing an effective request letter to settle debt involves being clear and polite. Mention your account details, the type of loan, and your request for a settlement and no dues certificate. Ensure you include necessary details such as loan account number, date of opening, amount, and your contact information. Avoid unclear language and make sure your message is straightforward and professional.
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 for Loan Settlement No Dues Certificate
To,
The Branch Manager
______ (Branch Address)
______ (Branch Code)
Date : __/__/____ (Date)
Subject: Request for loan settlement no dues certificate
Respected Sir,
I hold a _______ (mention type of account) account with your branch _______ (Branch Name) since _____(Date/Year). I am writing this letter as a request for debt settlement and payment. I am looking to settle my current debt associated with the loan _______ (mention type of loan – Personal Loan/Business Loan/ Commercial loan/ Credit card payment etc) that was for tenure _____ (Years). My loan status is ___________ (status of the loan). Therefore, I request you to kindly clear all the debt and settle the debt with the required amount.
The details of the bank loan are mentioned below:
Loan Account Number –
Date of Opening –
Account Number –
Amount –
Registered Mobile Number –
As per the requirement, please find __________ (mode of payment – cheque/fund transfer/online transfer/other) payment details for your ready reference and issue no dues certificate. Please look into my concern and clear all the debt in my name.
Looking Forward to your Response.
Yours faithfully,
_________ (Sender Name)
_________ (Contact Details)
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Copy to Clipboard
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Print Letter
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FAQs
- What information should I include in a loan settlement request letter?
- Include your account type, branch name, loan type, loan account number, date of opening, amount, and contact details.
- How should I address the recipient in the loan settlement request letter?
- Address the recipient formally as "The Branch Manager" and use respectful language such as "Respected Sir/Madam."
- What tone should I use in the loan settlement request letter?
- Use a polite and professional tone, clearly stating your request and providing all necessary details.
- Is it necessary to mention the mode of payment in the letter?
- Yes, mention the mode of payment (cheque, fund transfer, online transfer, etc.) to ensure the bank knows how the payment was made.
- Why do I need a no dues certificate?
- A no dues certificate is required to confirm that all debts have been settled and there are no outstanding payments, which is important for your financial records.
Sandeep Bhandari