Auto Loan Pre-Approval Letter Template

[Your Bank’s Letterhead]

[Date]

[Recipient’s Name]
[Recipient’s Address]
[City, State, ZIP Code]

Dear [Recipient’s Name],

Subject: Pre-Approval for Auto Loan

We are pleased to inform you that you have been pre-approved for an auto loan with [Your Bank’s Name]. This pre-approval indicates that based on the information provided, you meet our preliminary criteria for financing a vehicle. Please note that this pre-approval is contingent upon final verification of your financial details and vehicle selection.

1. Loan Details
Loan Amount: $[Amount]
Interest Rate: [Rate]%
Loan Term: [Term in Months/Years]
Monthly Payment Estimate: $[Estimate]

2. Your Financial Information
Pre-Approved Based On:

• Income Verification: [Income Details]
• Credit Score: [Credit Score]
• Employment Status: [Employment Status]

3. Next Steps
To proceed with your auto loan application, please visit our nearest branch or contact us at [Phone Number] or [Email Address] to schedule an appointment with a loan officer. You will need to provide the following documents:

• Proof of Identity (e.g., Driver’s License, Passport)
• Proof of Residence (e.g., Utility Bill, Lease Agreement)
• Vehicle Information (e.g., VIN, Purchase Agreement)
• Proof of Insurance

4. Terms and Conditions
Please review the attached terms and conditions that apply to this pre-approval. The final approval is subject to our review of your submitted documents and any other information required by our loan underwriting process.

5. Expiration of Pre-Approval
This pre-approval is valid until [Expiration Date]. Should you fail to finalize your loan application within this period, you may need to reapply.

Thank you for considering [Your Bank’s Name] for your auto loan needs. We look forward to assisting you in acquiring your new vehicle. If you have any questions or need further assistance, please do not hesitate to reach out.

Sincerely,

[Your Name]
[Your Position]
[Your Bank’s Name]
[Contact Information]

Attachments:

• Terms and Conditions Document
• Loan Application Form