When drafting a request letter to a bank for a business loan, it's crucial to maintain clarity and politeness while providing all necessary details about your business and loan requirements. Clearly state your name, company name, designation, and the purpose of the loan. Specify the desired loan amount, tenor, and any other relevant information. Express eagerness to learn about the loan application procedure, interest rates, and eligibility criteria.
Sample Letter Requesting Business Loan
To,
The Manager,
_________ (Bank Name),
_________ (Address)
Date: __/__/_____ (Date)
Subject: Request letter for a business loan
Sir/ Madam,
My name is _________ (Name) and I serve ________ (Company name) as ________ (Designation).
I am writing this letter to inform you that I/we are looking forward to applying for a business loan from your bank. We, as _________ (Company Name) deal in _______ (Deals in) and have been in the same field for _______ (Duration) and we have a turnover of _______ (Amount). We are looking to apply for a business loan amounting _________ (Amount) with a tenor of ________ (Duration).
I request you to kindly guide me through the procedure of applying for a business loan, and also provide the rate of interest and amount eligibility. I believe you will consider this genuine and in case any query arises, you may contact me at _________ (Contact Number).
Thanking you,
________ (Signature),
________ (Name),
________ (Contact number)
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Sandeep Bhandari
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