Bank Writes to Client to Pay Up Long Outstanding Loan Amount :
Banking Letters have to be brief, polite and to the point. All the salient figures and date must be mentioned.
Bank of Gujarat,
3rd March - 2009
Shri K.L. Gandhi,
513 Avasti Apartments,
We find from our records that you borrowed a consumer loan of Rs. 15,000 to purchase a VCR in February 2008. According to terms of our agreement, only Rs. 5000 should be owing to you till date. However, I find it is Rs. 8500. This is much above the required balance.
If you do not pay up the outstanding balance of Rs. 3500 by 16th March 2009, we shall have to file legal proceedings against you according to Indian Banking code.
I hope you understand our predicament and do not allow us the embarrassment of any litigation.
Bank Writes to Client to Pay Up Long Outstanding Loan Amount
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