When drafting a request letter to the bank for a loan clearance certificate, clarity and politeness are essential. Clearly state your name, address, and loan account details. Specify the details of the loan, including the loan amount, reason for the loan, and payment history. Politely request the issuance of the loan clearance certificate and express gratitude for their assistance.
Sample Letter Regarding Loan Clearance Certificate
To,
The Manager,
__________ (Bank),
__________ (Address)
Date: __/__/____ (Date)
Subject: Loan clearance certificate of account __________ (account details)
Respected Sir/Madam,
My name is ___________ (Name) and I am a resident of __________ (Location). I hold a loan account in your bank i.e. ____________ (Bank) having account number.
With utmost respect, I am writing this to you in order to inform you that I took a loan for _________ (Amount) for _________ (Home Loan/ Vehicle Loan – Reason Of Loan). This loan was taken on __/__/____ (Date). It is to be stated that tenor of my loan was ________ (Months/ Years) and a I paid a sum amount of __________ (Amount already paid) making ________ (Balance amount) as balance amount. But, due to ___________ (Availability of money/ EMI Not suitable – Mention) I made a payment of above-stated balance amount.
Therefore, I request you to kindly issue a loan clearance certificate regarding the loan mentioned above. I shall be highly served.
Thanking you,
Yours Truly/Faithfully,
____________ (Signature)
____________ (Name),
____________ (Contact Number)
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Sandeep Bhandari