Loan Application Letter (Free Sample)
Use this sample loan application letter as a template for your formal application letter.
Last updated on September 20, 2021
Sample Loan Application Letter
Name of Applicant
Bank Account Number: NUMBER
Address of Applicant
City, State, Zip Code
DATE
Name of Loan Officer
Name of Bank or Lending Institution
Address of Bank or Lending Institution
City, State, Zip Code
RE: Application for loan of $50,000
Dear Name of Loan Officer:
This letter is a formal request that you favorably consider my loan application. I have been a patron of this bank for the past 20 years. Every month my salary is deposited into my checking account, and I have had a savings account for the past seven years.
Please note that you gave me a $5,000 loan 13 years ago when I started my business and I made all payments on time. My business has flourished, and today, I am applying for a loan of $50,000 to open a new office on the other side of town.
I have chosen the property, but I need the loan to equip the office. Enclosed are all of the required documents and the loan application.
If you have any questions, I can be reached at Phone Number or at Email Address. I would be happy to discuss my request in person including the repayment schedule and date the loan will be completely repaid at a time that is convenient for you.
Thank you in advance for taking the time to consider my loan application. I am hoping for a prompt, favorable reply.
Sincerely,
Signature of the Applicant
Printed Name of the Applicant
Bank Account Number
Enclosures List
By Andre Bradley
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