When writing a request letter to the bank for changing the account for EMI payments, it's essential to maintain a polite and clear tone. Clearly state your loan account details, the current account from which EMIs are deducted, and the new account where you want the EMIs to be deducted. Provide a valid reason for the account change and express willingness to complete any required formalities.
Sample Letter to Bank for EMI Account Change
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Request for change of EMI Payment account
Respected Sir/ Madam,
This is to most humbly inform you that I have been maintaining a loan in your bank bearing loan account number _______ (mention loan account number).
Through this letter, I would like to inform you that the mentioned loan was taken on __/__/____ (Date) amounting ________ (amount) for _______ (mention type of loan). At present, my loan account EMI is getting deducted from ___________ (account number). I am writing this letter to request you for changing the repayment account to __________ (mention account number). The reason behind the same is _______ (mention reason).
Please note that there is a sufficient balance available in my new bank account and thee won’t be any problem deducting future EMI from the said bank account. I shall be highly obliged if you could guide me through the procedure for the same. I am ready to proceed with any required formalities. You may contact me at _________ (mention contact number).
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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Sandeep Bhandari