When drafting a letter to request the foreclosure of a personal loan, it's essential to maintain clarity and politeness. Include your name, personal loan account details, the amount paid, and the remaining balance. Request guidance on the foreclosure procedure and provide contact information for further communication.
Request Letter Format for Foreclosure of Personal Loan
To,
The Bank Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Foreclosure of personal loan
Respected Sir/Madam,
With due respect, I ________ (your name) and I do hold a personal loan account in your branch bearing account number ___________ (account number).
I am writing this letter to request you the foreclosure of the above-said personal loan. My loan account number is ________ (Loan ID/Account Number) for the duration ______ (tenor). I have already paid ______ (Amount) in _______ (Number of EMIs paid) EMI’s. I am ready to pay all pending amounts i.e. ________ (Pending loan amount).
I request you to kindly guide me through the procedure to avail of the above-mentioned service. I shall be highly obliged for your kind response. In case of any queries, you may contact me at __________ (contact number).
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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