Business Letter Forms : Letter Of Authority Given To The Bank For A Loan Against Hypothecation Of Assets
This Letter should be written in The Letter-Pad of the Company.
The Company's NameDoor Number and Street's Name,
Postal Code : XXXXXXX
Phone Number : 0000 - 123456789
Fax Number : 0000 - 123456788
E-mail ID : email@example.com
The Company's Name,
Full Address with Phone Number.
With reference to the term-loan for Rs. 120,000 granted by you to us in respect of which we have executed a term-loan agreement on 12th June 2009, we hereby authorize you to debit our current acoount NO. 1990293 with you with amount of Rs. 12,000 on First Day of each month starting from December 2009 towards the instalment payable by us for adjustment of our aforesaid loan together with the interest accured thereon at the stipulated rate.
We hereby undertake to keep sufficient balance in our said current account no. to enable the bank to debit the account with the amount of monthly instlment adjustment of the loan and interest. This authority is irrevocable until the loan alongwith interest is fully adjusted.
Signature Of The Applicant
This is a typical letter. You have to add your company's name with full address. And the receiver's name and full address also should be added in the place allotted for that purpose. Without those primary details no letter carries any significance. So, you are requested to provide all those important details. Failing which the letter will make a wrong impression about your company and you among the receivers of your letters. This is the most unwanted attitude on your side in dealing with the clients who are the most valued assets of any business organisation.
Business Letter Forms
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