When composing a request letter to close a loan account, it's important to maintain clarity and politeness throughout the letter. Clearly state your intention to close the account, provide necessary account details, specify the reason for closure, and include any required documents. Express gratitude and authorize any applicable charges for account closure.
Letter Requesting for Closure of Loan Account
To,
The Branch Manager,
____________ (Loan Department)
____________ (Name of the Bank)
____________ (Branch Address)
Date: __/__/____ (Date),
Subject- Closure of the loan account (Loan Account number)
Respected sir,
I, ___________(Name) hold a ____________ (type of loan account) account in your bank. I am writing this letter to request you to close my ____________ (type of loan account) account bearing account number ____________ (Loan Account no.). The reason for closure is due to ___________ (reason for account closure – loan tenure complete/EMI Complete/ Full Amount Paid/Any other reason).
Details of the account are mentioned below:
Loan Account holder/s name: ____________
Account number: ____________
As per bank requirement, I am enclosing ___________ (Loan account closure form, KYC, other documents if applicable) with the application. I have already _________ (completed the tenure/All EMI Paid /Full Amount Paid). I am authorizing to debit charges from the account for the closure of the loan account (if any).
Thanking you,
Kind regards,
____________ (Name)
____________ (Address),
____________ (Contact Number)
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Sandeep Bhandari