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)
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Sandeep Bhandari