Request Letter To Bank For Closing Loan Account [5+ SAMPLES] 2021-New Format.

Request Letter To Bank For Closing Loan Account [5+ SAMPLES] 2021-New Format.

Your questions about request letter to bank for closing loan account can be found right here.


In this article, we will go over how to properly write a loan closure letter from bank.

People who do not know how to write letter to bank for closing loan account should not be concerned. 

Read this entire article to learn how to write such letters.

Queries Solved :-

  1. How do you write a loan closure letter?
  2. SAMPLE 1: Loan closure letter format sample.
  3. SAMPLE 2: Letter for closing bank loan account
  4. SAMPLE 3: SBI loan closure letter format.
  5. SAMPLE 4: Personal loan closure letter sample.
  6. SAMPLE 5: Home loan closure letter sample.
  7. FAQ.

How do you write a loan closure letter?

To close a bank account, an official application to bank manager for closing loan account must be written to the bank manager, the following point should be considered :- 

  1. The reason for closing the bank account should be stated clearly in the letter. 
  2. In addition, all bank account information, such as account number, branch code, full name, and so on, should be included in the application letter.
  3. As an official document, your application letter should be brief and to the point.
  4. Closure of a loan account could be the subject heading.
  5. Mention your identity and bank account information without fail.
  6. The application is usually addressed to the manager of your bank's branch.
  7. You must return the demand documents, and any other items that were included with your application letter.

SAMPLE 1: Loan closure letter format sample.

The following is the latest bank account closing Letter format.

From,
___________
___________.

To
The Branch Manager,
______________________
______________________
______________________.

Dated : __________.

Subject :- _________________________.

Dear Sir,

Introduction 
_______________________________________
_______________________________________.

Describing your issues
_______________________________________
_______________________________________.

Conclusion
_______________________________________
_______________________________________.

Yours sincerely,
Name : _____________
Signature : ____________
Phone No.: ________________.

Enclosure:

  1. ________________
  2. ________________
  3. ________________
  4. ________________.

 

SAMPLE 2: Letter for closing bank loan account.

45 - Caroline 
London 700961
United Kingdom.

To,
The Branch manager
Cooperative Bank
Degangi Steet 45
London.

The 28th December, 2021.

Subject : Closing bank loan account.

Dear Sir,

My name is Sophie, and I'm writing to request that my home loan associated with loan account no. 987654321 be pre-closed.

I'd like to pay off my entire loanalance in one payment, so please walk me through the process of pre-closing my home loan.

As per bank requirement, I am enclosing the needful documents with the application.

Also, the details of my account are given below :-
Account No.:
Account Holder Name.:
Mobile No.: 

Thanking you.

Yours faithfully,
Merelyn Paul
Signature : _____________
Phone No.: ____________.


SAMPLE 3: SBI loan closure letter format.

From,
Your address
District, Pin code & 
State.

To
The Branch Manager
State Bank of India (SBI)
Address
District, Pin code & 
State.

Dated : __/__/_____.

Subject : write your subject here not more than 10 words.

Greetings goes here.

Begin with your introduction; your name, job designation and residence. 

Begin to convey your request or message to the bank manager. State the reason clearly why you want to close your loan.

End up the letter by word of thank and suggestion to the manager or action to be done.

Yours sincerely
Name & Contact information.

 MUST READ|HDFC Car Loan Closure Letter Sample.

SAMPLE 4: Personal loan closure letter sample.

To,
The Branch manager
Bank of India
Mumbai 
India.

The October, 20th 2021.

Subject :- Prayer for personal loan closure.

Sir,

With reference to the above-mentioned savings bank account number with your branch, I am willing to close my bank loan account because I am no longer in need of the account and regret not being able to continue with it.

As a result, I respectfully request that you close my loan account as soon as possible.

It would be greatly appreciated if you could take care of this matter.

Thank you in advance.

Yours Sincerely,
Harsh Agarwal
Signature : _________________.

SAMPLE 5: Home loan closure letter sample.

To
The Branch Manager
Investment Bank
24 - Dasy Street 
London.

Subject : Application fir home loan closure.

Dear Sir,

My name is Sophie, and I'm writing to request that my home loan associated with loan account no. 987654321 be pre-closed.

I'd like to pay off my entire loan balance in one payment, so please walk me through the process of pre-closing my home loan.

Necessary documents are enclosed.

Thanking you.

Sincerely yours,
Sophie Anna
Sign.: ______________
Phone No.: _______________.

MUST READ| How to write letter to close FD Account.

SAMPLE 6: Letter to bank for closing Personal/Home/Car loan.

Loan closure letter format sample,SBI loan closure letter format,Personal loan closure letter sample,Home loan closure letter sample,Request Letter to Bank for Closing Loan Account,


FAQ on  letter to bank for closing loan account.

1. What documents are required to close a loan account?

The following documents are required to close a loan account :-

  1. Bank passbook 
  2. Identity Proof : Voter ID or Aadhaar.
  3. Passport size photo.


2. How to write a letter to close a loan account?

With the bank's address and branch name; Begin the letter with a salutation (Sir/Madam).

Explain why the bank account is being closed. 

Request that the balance be transferred to your bank account. 

At the end of the letter, include your name, account number, and signature.


3. How do you write a letter requesting pre closure of a personal loan?

Subject: Requesting for pre closure of a personal loan.

Respectfully, sir,

My name is ___________, and I have a personal loan account with your bank. I am writing to request that you pre close my personal loan account. The reason for the closure is that the full amount has been paid.

Details of the account are mentioned below:
Loan Account holder's name: ____________.
Account number: ____________.

Yours Sincerely,
Name : _____________.
Signature : ________________.


4. How can I write a letter to bank manager for cancellation of loan?

Subject, request for cancellation of loan.

Dear Sir,

My name is Sophie, and I submitted a loan application last week. I'm writing to bring to your attention the fact that I no longer require the loan.

If you cancel my application, I will be extremely grateful.

I hope you will take my request into consideration. I eagerly await your response.

Sincerely Yours,
Sophie Das.

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