Request Letter for Borrowing Money (Free Sample)
Use this sample letter for borrowing money as a template for your formal request for borrowing money.
Last updated on September 19th, 2021
Sample Request Letter for Borrowing Money
Name of Borrower
Address of Borrower
City, State, Zip Code
DATE
Name of Lender
Company of Lender
Address of Lender
City, State, Zip Code
RE: Personal loan
Dear Name of Lender:
I would like to obtain a personal loan in the amount of [$6,500]. This loan will be used to help renovate my home. I would like to remodel my bathroom and update my home.
My home is a 1975 model and the bathroom has not been updated since that time. A bathroom remodel is essential to me being able to put my house on the market.
I have been a longtime standing member of this credit union and have three open accounts with your organization. I had a person loan back in [YEAR], which I paid off within 6 months of opening.
I am currently employed at the Wigwam Corporation and just celebrated my 20th year anniversary. I have stable employment and an excellent credit history and there should be no reason why I cannot obtain a loan from your bank.
Please contact me at your earliest convenience to discuss this matter further. I can be reached anytime at [555-987-1293]. I would like to get this matter taken care of immediately.
Sincerely,
Signature of Borrower
Printed Name of Borrower
By Andre Bradley
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