Application for Employee Loan

[Recipient’s Name]
[Recipient’s Job Title]
[Recipient’s Department Name]
[Company Name]
[Company Address]
[City, State, ZIP Code]

Dear [Recipient’s Name],

Subject: Application for Employee Loan

I hope this letter finds you well. I am writing to formally request a loan from the company. As an employee of [Company Name], I have greatly appreciated the opportunities and support provided throughout my tenure here. I am confident that my request will be considered with understanding and support.

Reason for Loan Request

[Briefly explain the reason you need the loan. For example, “I am seeking financial assistance to cover unexpected medical expenses,” or “I need funds for home repairs due to recent damage.”]

Loan Amount

After careful consideration of my financial needs, I am requesting a loan in the amount of [specific amount]. This amount will cover [briefly state the purpose or need]. I have reviewed my budget and financial situation, and this amount will adequately address my current needs.

Repayment Plan

I am proposing a repayment plan that aligns with my current salary and financial obligations. I am able to make monthly payments of [specific amount] over a period of [number of months]. This plan will ensure that the loan is repaid in a timely manner while allowing me to manage my finances effectively.

Employment Details

I have been employed with [Company Name] since [start date], and I currently hold the position of [your job title] in the [department name] department. My role and responsibilities have remained consistent, and I have consistently met or exceeded performance expectations.

Supporting Documentation

Enclosed with this application, please find the following documents to support my request:

• [List any documents you are including, such as a recent pay stub, budget summary, or any other relevant financial information.]

Conclusion

I am committed to maintaining my performance and fulfilling my responsibilities at [Company Name]. This loan will provide the necessary support to address my current situation, allowing me to continue focusing on my work with dedication and efficiency.

Thank you for considering my request. I am happy to provide any additional information or documentation needed to facilitate this process. I look forward to your positive response and am grateful for your support.

Sincerely,

[Your Name]
[Your Job Title]
[Department Name]
[Company Name]