Car Loan Cancellation Letter to Bank

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]

[Bank's Name]
[Bank's Address]
[City, State, ZIP Code]

Subject: Request for Cancellation of Car Loan

Dear [Bank's Name] Customer Service,

I am writing to formally request the cancellation of my car loan with your institution. The details of my loan are as follows:

  • Loan Account Number: [Your Loan Account Number]
  • Car Model: [Car Model]
  • Loan Amount: [Original Loan Amount]
  • Date of Loan Approval: [Date]

I have carefully considered my financial situation and have decided to cancel this loan. I request that you process this cancellation as soon as possible and confirm the same through a written communication.

Please inform me of any necessary steps or documentation required to complete this cancellation process. I would appreciate it if you could confirm the receipt of this request and provide a timeline for when the loan will be officially canceled.

Thank you for your attention to this matter. I look forward to your prompt response.

Sincerely,
[Your Full Name]

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