February 17, 2024
Bank LettersRequest Letters

Request Letter to Reduce Loan Amount in Loan Application – Sample Letter to Request for Reducing the Loan Amount

The Manager,
___________ (branch name),
___________ (address)

Date: __/__/____ (date)

Subject: Requesting a reduction in the loan amount

Respected Sir/ Madam,

This is to most humbly inform you that I am ____________ (name) and I applied for a _________ (type of loan – car/ housing/ vehicle/ educational loan/ any other) from your reputed bank amounting _____________ (amount) under the application number ____________ (application number).

This is to inform you that the amount as per the application is ____________ (mention amount) and I am willing to reduce it to __________ (mention amount). I shall be obliged if the loan amount can be reduced and processed at the earliest.

I expect your kind confirmation in this regard. I look forward to your quick action.

Thanking you,
__________ (Name),
__________ (Contact details)

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