When writing a letter of undertaking for a bank loan, it is important to be clear and polite. Include all necessary details such as your name, address, loan type, loan amount, and account number. Confirm your commitment to repay the loan within the agreed tenure as per the terms and conditions. Avoid using unclear language and ensure all relevant information is provided to prevent misunderstandings.
Sample Letter to the Bank for Undertaking for Loan
From,
_________ (Name)
_________ (Address)
Date: __/__/____ (date)
To,
The Branch Manager
_________ (Bank Name)
_________ (Address)
Subject: Undertaking for loan
Dear Sir/Madam,
With due respect, my name is ___________ (name) and I am a resident of ____________ (Address). I have applied for _________ (personal/car/home/any other) loan in your bank which got approved bearing account number __________ (mention number).
I hereby undertake that I am taking a loan amounting to __________(amount) from your reputed bank. I hereby acknowledge that I will repay the amount within the ____ tenure as mentioned in the terms and conditions of the loan. I have attached the loan documents for your reference.
Yours faithfully,
__________ (Signature),
__________ (Name),
__________ (Contact Number)
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Deepanshu Thakral