When requesting a clearance letter for payment completion, clarity and politeness are crucial. Clearly state your name, the borrowed amount, the date of borrowing, and the purpose. Confirm that you have made the full payment and request the issuance of a clearance certificate. Provide your account number or relevant identification details for reference.
Table of Contents:
- Sample Letter
- Live Editing Assistance
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- Additional Template Options
- Download Options
- Share via Email
- Share via WhatsApp
- Copy to Clipboard
- Print Letter
- FAQs
Sample Letter for Issuance of Clearance Letter for Full Payment
To,
__________
__________ (Recipient’s Details),
Date: __/__/____ (Date)
Subject: Request for the clearance certificate.
Dear Sir/Madam,
My name is __________ (name) and most courteously, I would like to inform you that I borrowed _________ (mention amount) from _________ (you/your company) on __/__/____ (date) for _____________ (mention purpose) for a duration of ____________ (mention duration).
I would like to inform you that I have successfully paid the borrowed amount on __/__/____ (date). Therefore, I write this letter to request you to kindly issue a clearance certificate stating that I have repaid the borrowed amount. My account number/ user ID/ ID number is __________ (mention – account number/ user ID/ ID number).
I shall be highly obliged if the request could be processed at the earliest. In case of any queries, you may contact me at __________ (mention your contact number).
Thanking You,
____________ (Signature),
____________ (Name),
____________ (Contact Number)
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FAQs
- What is a clearance certificate for payment completion?
- A clearance certificate for payment completion is an official document issued by a creditor or financial institution confirming that a borrower has fully repaid a loan or debt.
- Why is a clearance certificate important after making a payment?
- A clearance certificate is important as it serves as proof that the borrower has fulfilled their financial obligation, which may be required for various purposes such as closing accounts or obtaining further financial assistance.
- What information should be included in a request for a clearance certificate?
- A request for a clearance certificate should include details such as the borrower's name, the borrowed amount, the date of borrowing, the purpose of the loan, the repayment date, and relevant identification details like account number or user ID.
- Who issues a clearance certificate for payment completion?
- A clearance certificate for payment completion is typically issued by the creditor or financial institution from which the borrower obtained the loan or incurred the debt.
- How long does it take to receive a clearance certificate after making a payment?
- The time taken to receive a clearance certificate after making a payment may vary depending on the policies and procedures of the issuing authority. It is advisable to follow up with the concerned party for timely processing.
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Sandeep Bhandari