When drafting a letter to request EMI deduction, it's crucial to maintain clarity and politeness. Begin by addressing the manager of the bank and clearly state the purpose of your loan, loan account number, and relevant details such as the missed EMI month and reason. Politely request the deduction of the missed EMI and express your readiness to pay any applicable fines or penalties. Provide your contact information for further communication.
Sample Request Letter for EMI Deduction
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Request for EMI deduction
Sir/ Madam,
My name is _________ (Name) and I hold a loan account in your _________ branch (branch name) having account number ___________ (Loan Account number).
I am currently holding a ________ (Purpose of loan – housing loan/ vehicle loan) loan of _______ (Amount) with ________ (Number of EMIs) EMIs and ________ (Tenor) tenor.
I regret to inform you that my EMI was not deducted for the previous month i.e. ________ (Month) of financial year _____ – _____ (Year) due to the reason ________ (Mention reason – funds not available/account freeze/any other) and I am writing this letter to request you to kindly deduct the above mentioned EMI as the amount is now credited in my bank account.
Respected, my Customer ID is ________ (Customer ID) and I am ready to make the above said payment of amount i.e. ________ (amount) and ready to pay the applicable fine and penalty for delay of payment.
I look forward to hearing back from you at the earliest. I shall be thankful for your kind support. In case of any queries, you may contact me at __________ (Contact number).
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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