When drafting a request letter for payment terms, it's essential to maintain clarity and politeness. Clearly state your name, position, company name, and the purpose of the letter. Request the specific payment terms needed and express urgency if required. Provide contact details for further communication and express gratitude for their cooperation.
Sample Request Letter for payment terms
To,
____________ (Receiver’s Name)
____________ (Department)
____________ (Company Address)
Subject: Request for payment terms
Respected Sir/ Madam,
With due respect, I am __________ (Your Name), The Manager of __________ (Company Name). This is in the reference to the deal we made on __________ (Date) for __________ (Mention business- Purchase of goods/ Services/ partnership, any other).
I am writing this letter to request you to kindly share the payment terms stating __________ (Payment mode/ transport charges/ Other charges/ any other). I request you to kindly provide the terms on an urgent basis.
If you have any queries regarding the terms, feel free to contact me on the _________ (contact details).
It was great doing business with you. Hoping to receive a quick response from you.
Thanking you,
__________ (Signature)
__________ (Name)
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Rahul Sharma 
Kshitij Tarun