Loan Foreclosure Application Letter Layout
[Your Name]
[Your Company Address]
[City, State, ZIP Code]
[Date]
[Manager's Name]
[Bank/Financial Institution Name]
[Branch Address]
[City, State, ZIP Code]
Subject: Request for Loan Foreclosure
Dear [Manager's Name],
I am writing to formally request the foreclosure of my loan account with your institution. Below are the details of the loan for your reference:
Loan Account Number: [Your Loan Account Number]
Loan Type: [e.g., Personal Loan, Home Loan, Car Loan, etc.]
Loan Amount: [Total Sanctioned Amount]
Outstanding Balance: [Outstanding Amount, if known]
I am in a position to settle the outstanding balance in full, and I kindly request your guidance on the procedure for loan foreclosure. Please provide me with the following details to facilitate the process:
Exact Outstanding Balance: [if unknown]
Any Foreclosure Charges or Additional Fees:
Payment Instructions and Account Details:
I request that you process my application at the earliest and provide the required documents and instructions to complete the procedure. I am committed to clearing the outstanding amount promptly upon receiving your confirmation.
Please let me know if there are additional formalities or documents needed from my side. You may contact me at [Your Company Number] or [Your Company Email] for any clarifications or updates regarding this request.
Thank you for your attention and assistance. I look forward to your prompt response.
Yours sincerely,
[Your Name]
Enclosures:
Copy of Loan Agreement
Identification Proof (e.g., Passport, Aadhar, etc.)
Latest Loan Statement
Any other relevant document as required
Letter Templates @ Template.net
