Request Letter to Bank for Early Settlement of Loan

To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)

Date: __/__/____ (Date),

Subject: Early settlement of loan ________ (Loan Number)

Respected Sir/ Madam,

I would like to inform you that I am _________ (Name) and I do hold a loan account in your branch having account number ___________ (Loan Account number).

I am currently holding a ________ (Type of loan – home loan/ personal loan/ anyother) loan amounting _______ (Amount) in your branch. Respected, this loan was supposed to be repaid in ______ (Number of installments) and the tenor of the loan is ________ (Tenor) and loan end date is ______ (loan end date).

I am writing this letter to inform you that I am willing to make a payment of the pending amount of the loan and make a full and final settlement in order to close the loan. As per records, a sum amount of _______ (Amount) is pending. I am ready to pay the amount. Kindly consider informing me about the available benefits for the early payment of the mentioned loan.

I request you to kindly guide me through the procedure and I look forward to hearing back from you. You may contact me at __________ (Contact number).

Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)

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  • sample letter to bank for full and final settlement of the loan
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