When writing a request letter to stop EMI deduction for a loan already paid, it's crucial to clearly state the issue, provide relevant details such as the bank account number and loan repayment date, and request prompt action politely. Clarity and politeness are key to ensure your request is addressed effectively without any confusion.
Sample Letter to Bank for Stop EMI for Loan Already Paid
If you have repaid your loan and clear all the dues but still EMI is getting deducted from your account, you can intimate the same to your bank by letter.
- Sample intimation letter to bank for stop deducting EMI of loan which is already paid and no dues are remaining.
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Request for stop EMI deduction
Respected Sir/ Madam,
Most respectfully, I write this letter to request you for stopping EMI deduction from my bank account __________ (Mention bank account)
This is to request you for stopping the deduction of EMI amount from my bank account as my loan has already been repaid completely on __/__/____ (Date) with all interests paid and no EMI is due against the loan but still my account is being deducted every month on __/__/____ (Date) amounting ______ (Amount).
I believe you would consider this as a genuine request and do the needful at the earliest. In case, any query arises, you may contact me at ________ (Date).
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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Sandeep Bhandari