When drafting a request letter to a bank for releasing a lien against a loan, clarity and politeness are essential. Clearly state your name, loan details, and the reason for the request. Specify that the loan has been fully repaid and provide any necessary supporting documents. Request the release of the lien and express gratitude for their assistance. Ensure all contact details are included for further communication.
Sample Request Letter to the Bank to Release Lien Against Loan
To,
The Branch Manager,
__________ (Branch name),
__________ (Branch address)
Date: __/__/____ (date)
Subject: Request for releasing the lien
Respected Sir/ Madam,
My name is _____________ (name) and I am holding a loan from your bank bearing loan ID number/ user ID/ account number as ________________ (mention).
This letter is in reference to the loan that I have taken from your bank for ______________ (mention education/ auto loan/ housing loan/ any other) against deposits ___________ (deposits details) and I write this letter to request you for releasing the lien that was held by you as per the terms. Please note, I have repaid all the loan amount on __/__/____ (date).
Therefore, I request you kindly release my lien at the earliest. I shall be highly obliged for your kind support. For your kind reference, I am hereby attaching ____________________ (mention contact details).
Thanking you,
Regards,
_____________ (signature),
_____________ (name),
_____________ (contact details)
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Sandeep Bhandari