Professional sample letter format for Request Letter to Bank for Increase Home Loan Amount
Letter Template

Request Letter to Bank for Increase Home Loan Amount

Kshitij Tarun
April 14, 2021
Writing Tips
When drafting a letter to request an increase in the home loan amount from a bank, it's important to be clear, polite, and provide all necessary details. Clearly state your current loan amount, account number, and the desired increase. Express willingness to complete any required formalities and gratitude for the bank's consideration.

Sample Letter for Increasing loan amount

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

Date: __/__/____ (Date)

Subject: Increasing loan amount

Sir/ Madam,

My name is _________ (Name) and I hold a home loan from your bank with a loan amount of _________ (Amount). The loan account number is _______ (loan account number).

The loan was sanctioned on __/__/_____ (date) with a tenor of ______ (Months/ Years) ______ (Number of installments). As per the sanction letter, I am eligible for a loan amount of ______ (amount) but I opted for ________ (amount) initially. I am writing this letter to request you for increasing my loan amount from ______ (amount) to _______ (required amount). I am ready to proceed through all required formalities.

Kindly consider this as a genuine request. I shall be highly obliged for your quick and kind support.

Thanking you,

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

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