Table of Contents:
- Sample Letter
- Live Editing Assistance
- How to Use Live Assistant
- Additional Template Options
- Download Options
- Share via Email
- Share via WhatsApp
- Copy to Clipboard
- Print Letter
- FAQs
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)
Live Editing Assistance
Live Preview
How to Use Live Assistant
The Live Assistant feature is represented by a real-time preview functionality. Here’s how to use it:
- Start Typing: Enter your letter content in the "Letter Input" textarea.
- Live Preview: As you type, the content of your letter will be displayed in the "Live Preview" section below the textarea. This feature converts newline characters in the textarea into
<br>tags in HTML for better readability.
Additional Template Options
The letter writing editor allows you to start with predefined templates for drafting your letters:
- Choose a Template: Click one of the template buttons ("Start with Sample Template 1", "Start with Sample Template 2", or "Start with Sample Template 3").
- Auto-Fill Textarea: The chosen template's content will automatically fill the textarea, which you can then modify or use as is.
Download Options
Click the "Download Letter" button after composing your letter. This triggers a download of a file containing the content of your letter.
Share via Email
Click the "Share via Email" button after composing your letter. Your default email client will open a new message window with the subject "Sharing My Draft Letter" and the content of your letter in the body.
Share via WhatsApp
Click the "Share via WhatsApp" button after you've composed your letter. Your default browser will open a new tab prompting you to send the letter as a message to a contact on WhatsApp.
Copy to Clipboard
If you want to copy the text of your letter to the clipboard:
- Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
- Paste Anywhere: You can then paste the copied text anywhere you need, such as into another application or document.
Print Letter
For printing the letter directly from the browser:
- Print Letter: Click the "Print Letter" button after composing your letter.
- Print Preview: A new browser window will open showing your letter formatted for printing.
- Print: Use the print dialog in the browser to complete printing.
FAQs
- Q: What should I do if EMI deductions continue despite fully repaying my loan?
- A: You should promptly write a formal request letter to your bank, clearly stating the issue and providing details of your loan repayment, and request the cessation of EMI deductions.
- Q: Is it necessary to include the loan repayment date in the request letter?
- A: Yes, providing the loan repayment date helps establish that the loan has been fully repaid, ensuring clarity for the bank to address your request effectively.
- Q: Should I mention the specific EMI deduction amount in the letter?
- A: Yes, including the exact EMI deduction amount helps the bank identify the specific deduction to be stopped, reducing any potential confusion.
- Q: Can I request a stoppage of EMI deductions over the phone instead of writing a letter?
- A: While you can make an initial inquiry over the phone, it's advisable to follow up with a formal written request letter to ensure clarity and documentation of your request.
- Q: What should I do if the bank does not respond to my request letter?
- A: If you do not receive a response within a reasonable time frame, consider following up with the bank through additional letters or by visiting the branch in person to escalate the matter.
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