Request for Loan Cancellation

I hope this letter finds you in good health and high spirits. I am writing to formally request the cancellation of the loan that I recently took out with your bank. After careful consideration of my financial situation and upcoming commitments, I believe that it would be in my best interest to cancel this loan.

Loan Details:

• Loan Account Number: [Your Loan Account Number]
• Loan Amount: [Loan Amount]
• Date of Loan Approval: [Loan Approval Date]
• Reason for Cancellation: [Brief Reason, e.g., "change in financial circumstances" or "found alternative financial solution"]

Given that the loan funds have not yet been disbursed into my account, I kindly request that the loan be canceled without any penalties or additional fees. I appreciate your prompt attention to this matter and hope for a swift resolution. Please inform me of the next steps or if any further documentation is required to complete this process.

I would like to express my gratitude for the bank's services and support thus far, and I look forward to resolving this matter at your earliest convenience.

Thank you for your understanding and cooperation.

Yours sincerely,
[Your Full Name]
[Your Address]
[Your Contact Information]