Loan Repayment Letter to Employee
Loan Repayment Letter to Employee
May 20, 2057
[RECIPIENT'S NAME]
[RECIPIENT'S ADDRESS]
Dear [EMPLOYEE NAME],
We write to you about the loan that you had availed from our organization. As per our records, the loan was sanctioned to you on [DATE LOAN GRANTED] and the repayment was to commence on [DATE OF BEGINNING OF REPAYMENT]. We would like to notify you that as of [CURRENT DATE], there are outstanding repayment dues against the loan which you have yet to fulfill.
Your balance stands at [REMAINING BALANCE] and it is incumbent upon you to meet this obligation and repay the loan as per the terms agreed upon during the sanctioning of the loan. You are hereby encouraged to arrange for the payments at your earliest convenience to avoid any late charges or penalties, according to our company's policies.
If you encounter difficulties in repayment or have any queries concerning your loan account, feel free to contact us. Our team is available to assist you and discuss the repayment options we can provide to help alleviate your loan obligation. We look forward to your prompt response.
Sincerely,
[YOUR NAME]
