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
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)
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
- What documents are typically required to close a loan account?
- Documents such as a loan account closure form, KYC documents, and any other documents specified by the bank may be required for closing a loan account.
- How can I confirm if all payments related to my loan account have been completed?
- You can review your loan account statement or contact your bank to verify if all payments, including EMIs or the full loan amount, have been made.
- Is it necessary to provide a reason for closing the loan account?
- While it's not mandatory, providing a reason for closing the loan account can help the bank understand your request better and expedite the closure process.
- What charges may apply for closing a loan account?
- Depending on the bank's policy, there may be certain charges associated with closing a loan account. These charges can vary and may include prepayment penalties or administrative fees.
- How long does it take for a loan account to be closed after submitting a closure request?
- The time taken to close a loan account varies depending on the bank's procedures and the completeness of the submitted documents. It's advisable to inquire with the bank for an estimated timeline.
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