When writing a letter to withdraw a loan application, it's essential to maintain a polite and professional tone while clearly stating the intention to withdraw the application and providing a brief explanation if necessary. Ensure to include relevant details such as the loan application number and the reason for withdrawal.
Sample Letter for Withdrawal of Loan Application
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Withdrawal of loan application
Dear Sir/ Madam,
My name is _________ (Name) and I am writing this letter in reference to the loan application ________ (loan application number) which was applied from my side on __/__/____ (date).
Through this letter I would like to inform you that I have applied for a ______ (loan type) loan from your bank amounting ______ (loan amount) bearing _______ (installment amount) for _________ (number of installments). But, I apologetically inform you that I am willing to withdraw my application as I am not interested in taking a loan anymore due to the reason __________ (not required/ better offers available/high-interest rate/any other).
Therefore, I request you to kindly withdraw the application and consider returning the documents submitted. I shall be highly served.
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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Sandeep Bhandari