Loan Settlement Letter to Employee

We are writing to formally acknowledge the settlement of the loan you had with the company. This letter serves as an official confirmation that the loan has been fully repaid and settled as of [Settlement Date].

Loan Details:

• Loan Amount: $[Original Loan Amount]
• Settlement Amount: $[Settlement Amount]
• Date of Disbursement: [Date Loan Was Disbursed]
• Date of Settlement: [Settlement Date]
• Reference Number: [Loan Reference Number]

As of the date mentioned above, you have fulfilled all the obligations under the loan agreement. There are no further amounts due, and your loan account with the company has been closed.

Please note that this settlement is a significant step in ensuring the accurate record-keeping of your financial interactions with the company. Should you need any further documentation or have any questions about this settlement, feel free to contact our finance department at [Contact Information].

Thank you for your timely payments and cooperation throughout the loan period.

Best regards,

[Your Name]
[Your Position]
[Company Name]
[Company Address]
[Contact Information]