When drafting a request letter for loan approval from the company, clarity and politeness are essential. Begin with a respectful address to the recipient, state your name, department, and employee ID clearly. Clearly specify the details of the loan you are requesting, including the amount, repayment terms, and purpose. Express gratitude for consideration and avoid common pitfalls like unclear language and omitting necessary details.
Sample Letter for Loan Approval from Company
To,
The Human Resources Manager,
__________ (Company’s Name),
__________ (Company’s Address)
Date: __/__/____ (Date)
Subject: Request for loan ________ (loan details)
Respected Sir/Madam,
I am ________ (Name) and I have been working in ________ (Department) of your reputed company. My employee ID is _________ (Employee ID).
With utmost respect, I am writing this letter to seek your approval for getting an employee loan from our company. I need a loan of ______ (Amount) which shall be repaid in ________ (Number of installments) or installment amount ___________ (Amount) whichever is suitable. I am in need of this amount for ________ (Purpose – Vehicle loan/ Personal Loan/ Education/ etc.).
As I am eligible for the above-said loan I look forward to hearing back from you soon. I await your positive response.
Thanking you,
___________ (Signature),
___________ (Name),
___________ (Employee ID)
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Sandeep Bhandari