The Branch Manager,
_____________ (Bank Name),
_____________ (Branch Name/ Address)

Date: __/__/____ (Date)

Subject: Request for reduction of home loan interest

Respected Sir/Madam,

Respectfully, my name is ____________ (Name) and I am a _____________ (Mention home loan account details) account holder in your branch for the last _________ (Duration) months/ years having loan account _______ (loan account number).

I am writing this letter to inform you that as per the guidelines w.e.f __/__/____ (Date) your bank has reduced the rate of interest for existing customers to ____ (Rate) and as per confirmation by Bank, I am also eligible for the same. At present ROI of my home loan is ______ (Rate of interest). Therefore, I request you to kindly reduce the interest rate of my loan amount to ____ %.

Following are details of my loan:

Loan Number: _______________
Account Number: _______________
Loan Tenor: _______________

I shall be highly obliged if you kindly do the needful.

Thanking you
Yours Truly,
__________ (Signature),
__________ (Name),
__________ (Contact Number)

Incoming Search Terms:

  • letter to bank for reducing rate of interest on loan
  • sample letter requesting reduction of interest in loan amount

Leave a Reply