Loan Application Letter to Employer

I hope this letter finds you well. I am writing to formally request a loan from [Company Name] for personal reasons. I have been with the company for [number] years and during this time, I have strived to contribute positively to our team and uphold the values of our organization.

Loan Amount Requested:
I am seeking a loan of [amount] to address [specific reason, e.g., unexpected medical expenses, home repairs, etc.]. The funds will be utilized for [brief explanation of how the funds will be used].

Repayment Plan:
I propose to repay the loan over a period of [number] months. The repayment will be made through payroll deductions, which I believe will be the most convenient method for both parties. I am confident that my current salary of [amount] will comfortably accommodate the monthly repayments.

Supporting Documentation:
I am prepared to provide any additional documentation required to support my loan application. This includes [list any documents, e.g., recent pay stubs, proof of expenses, etc.].

Reason for Request:
The reason for this loan request is [provide a brief explanation]. I have thoroughly assessed my financial situation and believe that this loan is necessary to help me manage [specific situation]. I assure you that I will adhere to the repayment schedule and remain committed to my role at [Company Name].

I understand the company’s policy regarding loans and am willing to comply with all necessary procedures. Please let me know if you require any more information or if there are additional forms to fill out.

Thank you for considering my request. I look forward to discussing this matter further.

Sincerely,
[Your Name]
[Your Job Title]
[Your Contact Information]