When writing a request letter to a bank for payment of the third installment, it's crucial to maintain clarity and politeness. Clearly state your personal details, loan account number, and the issue regarding the installment. Politely request the bank to deduct the pending installment from your account to avoid any penalties. Express gratitude for their cooperation.
Table of Contents:
- Sample Letter
- Live Editing Assistance
- How to Use Live Assistant
- Additional Template Options
- Download Options
- Share via Email
- Share via WhatsApp
- Copy to Clipboard
- Print Letter
- FAQs
Sample Letter for deduction of the third installment
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Requesting deduction of the third installment
Dear Sir/ Madam,
This is to most humbly inform you that my name is _________ (Name) and I do hold a loan from your branch ________ (type of loan) bearing loan account number _________ (Account Number).
Respected, the mentioned loan was taken on __/__/____ (Date) and the installment deducts on __ (Date) of every month amounting (Installment Amount). But to the best of my knowledge, only two installments have been deducted from my bank account _________ (account number). The third installment was due on __/__/____ (Date) but has not yet been deducted from my account.
I ensure you that there is a sufficient balance available in my bank account. I request you kindly deduct the third installment from my bank account in order to prevent any possible penalties. I shall be highly thankful.
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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Print Letter
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FAQs
- What should I include in the request letter to the bank for the payment of the third installment?
- The letter should include your personal details, loan account number, details of the pending installment, and a polite request for its deduction from your bank account.
- What should I do if my bank fails to deduct the installment as scheduled?
- If your bank fails to deduct the installment as scheduled, promptly inform them through a written request letter, like the one provided, urging them to process the deduction to avoid penalties.
- How can I ensure that my request for installment deduction is processed promptly?
- Ensure that your letter clearly states your loan account number, the due date of the installment, and confirms the availability of sufficient funds in your bank account to cover the payment.
- What if the bank still does not deduct the installment after receiving my request letter?
- If the bank does not deduct the installment after receiving your request letter, consider visiting the branch in person to discuss the issue with a bank representative and seek resolution.
- Is it necessary to provide a contact number in the request letter?
- Providing a contact number in the request letter allows the bank to easily reach out to you for any clarifications or updates regarding the deduction of the installment.
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