When writing a request letter for the renewal of a working capital loan, it's important to be clear and polite. Start by addressing the letter to the bank manager, and provide your company name, account number, and the renewal date of the loan. Clearly state your request for renewal and ask for guidance on the procedure. Include all relevant documents and your contact information for any queries. Avoid unclear language and ensure all necessary details are included.
Sample Letter for Renewal of Working Capital Loan
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Request for renewal of working capital loan
Sir/ Madam,
Courteously, we are availing the working capital loan facility in the name of _________ (Company/Firm Name) in your branch having account number ________(Account Number) due for renewal on __/__/____ (Date)
In this regard, we would like to state that we want to continue the facility with your bank and request you to kindly renew the working capital loan facility at the earliest.
We request you to kindly guide us through the procedure to renew the above-mentioned service. As per requirements, please find all relevant documents attached herewith for your kind consideration.
In case of any queries, you may contact me at ________ (contact number).
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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