Loan Cancellation Request

I am writing to formally request the cancellation of my loan application that was submitted on [Date of Application]. The loan application reference number is [Reference Number]. After careful consideration, I have decided to withdraw my application for the following reasons:

1. Changed Financial Circumstances: Since the application, there have been changes in my financial situation that have made the loan unnecessary.
2. Alternative Financing: I have secured alternative financing that better suits my current needs.
3. Interest Rate Concerns: The terms of the loan, including the interest rate, have become less favorable compared to other options available.

I kindly request that you process this cancellation as soon as possible and confirm receipt of this request. Please let me know if there are any forms or additional information needed to complete this process. I appreciate your prompt attention to this matter.

Thank you for your understanding and cooperation.

Sincerely,
[Your Full Name]
[Your Contact Information]