Sample Bank Loan Letter of Intent

I am writing to express my intent to apply for a loan from [Bank's Name]. This letter outlines my financial needs, the purpose of the loan, and my plan for repayment. I hope this information will provide you with a clear understanding of my situation and support my loan application.

Purpose of the Loan:

I am seeking a loan amount of $[Amount] to be used for [specific purpose, such as business expansion, purchasing a home, consolidating debt, etc.]. This investment is crucial for [reason, such as the growth of my business, securing my family's future, etc.]. I have conducted a thorough analysis and have determined that this amount is necessary to achieve my goals.

Financial Background:

To give you a better understanding of my financial standing, I have enclosed the following documents:

1. Income Statements: Showing consistent income of $[amount] per month over the last [time period].
2. Credit Report: My current credit score is [score], with a history of timely payments and responsible credit use.
3. Assets and Liabilities: A detailed list of my assets, including property, savings, and investments, along with any outstanding liabilities.

Repayment Plan:

I propose to repay the loan over a period of [number of years/months], with a monthly payment of $[amount]. This plan is based on an interest rate of [interest rate]% per annum. My financial projections indicate that this repayment schedule is sustainable given my current and projected income levels.

Collateral:

As collateral for this loan, I am willing to offer [description of collateral, such as property, stocks, etc.]. The value of this collateral is approximately $[value], as verified by [appraiser or other verification method].

Conclusion:

I am confident in my ability to repay this loan and believe that the outlined terms will be beneficial for both parties. I appreciate your consideration of my application and am available to discuss any further details or provide additional documentation as needed.

Thank you for your time and attention to this matter. I look forward to a positive response.

Sincerely,
[Your Name]
[Your Contact Information]