Sample Loan Application Letter Format

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

Subject: Loan Application for [Loan Purpose]

Dear [Recipient's Name],

I am writing to formally apply for a loan of [Amount] from [Bank's Name] for the purpose of [State Purpose of the Loan]. I have been a customer of your bank for [Number] years and have always appreciated the quality of service and support provided by your institution.

Loan Details:

• Loan Amount Requested: [Amount]
• Purpose of Loan: [Detailed Purpose]
• Repayment Period: [Number of Months/Years]
• Monthly Installment Amount: [Amount]
• Preferred Loan Type: [Secured/Unsecured]

Personal Information:

• Full Name: [Your Full Name]
• Date of Birth: [Your Date of Birth]
• Marital Status: [Single/Married]
• Occupation: [Your Occupation]
• Annual Income: [Your Annual Income]
• Current Employer: [Your Employer's Name]
• Duration of Employment: [Number of Years/Months]

Financial Information:

• Bank Account Details: [Bank Name, Account Number]
• Existing Loans: [List of Existing Loans, if any]
• Assets: [List of Assets]
• Liabilities: [List of Liabilities]

Attached are copies of the following documents for your review:

• [Proof of Identity, e.g., Passport or Driver’s License]
• [Proof of Income, e.g., Pay Slips or Tax Returns]
• [Proof of Address, e.g., Utility Bill]
• [Bank Statements for the Last 6 Months]

I have carefully reviewed the terms and conditions associated with this loan and am confident that I can meet the repayment obligations. I am committed to fulfilling all the requirements and ensuring that the loan is repaid in a timely manner.

Thank you for considering my application. I would appreciate the opportunity to discuss this further and provide any additional information you may require. Please feel free to contact me at [Your Phone Number] or [Your Email Address] at your convenience.

Yours sincerely,

[Your Signature]
[Your Printed Name]