Positive Reply to The Letter of Request for A Consumer Loan




Positive Reply to The Letter of Request for A Consumer Loan :





Banking Letters have to be brief, polite and to the point. All the salient figures and date must be mentioned.


From :

Manager,
Canara Bank,
Akola.


8th January - 2009


To :

Ms. Sushmita Sen,
425 Raja Bagh,
Vardha.


Madam,


With reference to your letter dated 4th January - 2009, I wish to state the loan of Rs. 30,000 may be sanctioned to you after the following formalities are completed by you. Please submit the following documents.


1. Estimate of price of scooter from the agency you wish to buy the scooter


2. A letter from your firm where you are employed committing that your salary will be deposited with us.


3. The loan amount will be deducted in a maximum of 36 instalements covering three years.


The interest payable by you for consumer loan will be 16% per annum. The scooter will remain hypothecated to our bank till the loan is paid off completely.


With best wishes.


Yours Sincerely,


Ananta Swamy





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