When writing a request letter to your bank for increasing the EMI amount, it's essential to maintain a polite and clear tone. Clearly state your name, loan account number, the current EMI amount, and the desired increased EMI amount. Provide a reason for the increase, such as a salary raise or financial capability. Express gratitude for the bank's support.
Sample Letter to Bank for Increasing EMI Amount
To,
The Manager,
_________ (Name),
_________ (Address)
Date: __/__/____ (Date)
Subject: Request for Increasing EMI Amount of __________ (Loan Account Number)
Respected Sir/ Madam,
My name is ____________ (Name) and I do carry a loan account in your bank having account number _________ (Account Number).
I took a loan of $ __________ (Amount) for _____________ (Purpose – Car Loan/ Education Loan – Mention Loan Purpose) and which was to be repaid in ____________ (Number of EMI’s). I want to increase the installment amount to _________ (Amount) due to __________ (Increase in Salary/ Financial Reason/ Personal reason) so as to reduce installments.
I shall be highly served for your kind support.
Thanking You,
_________ (Signature)
_________ (Name),
_________ (Address)
Live Editing Assistance
Live Preview
How to Download, Print, or Share Letter
Use the buttons below to download your letter, share it via email or WhatsApp, copy it, or print it instantly.
Need help? See our Live Assistant Help Guide.
Incoming Search Terms:
- sample letter to bank for increasing loan amount
- sample letter to bank requesting for increasing EMI amount for loan
Sandeep Bhandari