How to Write a Loan Application Letter (Sample Letter)

Most people feel strange pain in stomach when they are asked to write a formal letter. Especially when you have to write a letter to your bank asking for a loan. These days most bank loan applications made using forms provided by bank. Still every now and then, bank managers might ask you to attach a cover letter along with your loan application.

In such a case, your bank loan application letter should be able to persuasive enough so that the bank manager or loan officer approves your loan. The Bank is mainly interested in knowing that you are trustworthy and your credit is good. They wan to know that you can afford to pay back the loan in time and you have ample resources in hand to pay back incase you lose your job Application sample

It is a very good idea to keep the loan application letter simple and short. Yet it should include all the relevant facts. i.e. exact amount of loan you are requesting. Keeping it simple and to the point will help your loan office process your application more quickly.

Make sure you include everything bank needs to know i.e. attach documents like your salary slip, proof of earning, bank statements etc. We have included a sample letter below for your convenience. Please remember to modify it to suit your own requirements.

Sample Loan Letter

Dear [Bank Manager’s Name]

I wish to request for a $10,000 personal loan from your bank. I require this loan to help me do some necessary renovations to my home in Atlanta. The house is under mortgage for last 2 years.

I have been paying my mortgage payments on time from last two years. My credit is in good standing. Last time I checked my FICO Credit Score was 630.

I have evaluated all my options and decided to apply for an unsecured personal loan as i do not wish to link it to my mortgage. Also, i would like you to know that I am currently earning around $80,000 per year and I will be able to payback this loan in less than 2 years.

I am currently working at IBM. I have been employed here for last 4 years. Feel free to contact our personal department(phone: 000-235-5689 to verify my employment status. My recent salary slip is attached with this letter.

I have also included last 6 months bank statement, which reflects that I have been a loyal customer of your esteemed bank for quite some time now.

I would be very grateful if you consider my application for a $10,000 unsecured personal loan that I would repay over a period of 5 years. I am ready to call at the time of your convenience or you can contact me any time at my phone no. 000-325-1256 so we can arrange a time to meet each other, personally.

Hope you have a nice day, looking forward to hear from you soon.

Your’s Sincerely,


  1. Attachment 1:  Salary Slip
  2. Attachment 2:  Bank Statement

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7 Responses to “How to Write a Loan Application Letter (Sample Letter)”

  1. dilip kumar panda says:

    I want to know all the loan process and along with all the interest rates..

  2. Naveen says:

    Thanks a lot…..

  3. [...] to write a formal letter. Especially when you have to write a letter to your bank asking for a loan.http://www.loanmortgagecredit. [...]

  4. [...] to write a formal letter. Especially when you have to write a letter to your bank asking for a loan.http://www.loanmortgagecredit. ..How to Write a Cover Letter for a Job Application | World-Leading …Get the job you’ve [...]

  5. velu says:

    Hi ,Please help me to write a study loan application cover letter for my daughter

  6. ubaid says:

    how to write an marriage loan application from office

  7. James uguru says:

    Pls tell me how to write, loan in my office, i want to take a loan in my office. Thanx

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