Sample Personal Loan Application Letter

I am writing to formally apply for a personal loan of [amount] to be used for [purpose of the loan, e.g., home improvement, medical expenses, debt consolidation]. I have been a customer of [Bank Name] for [number] years and have always maintained a good standing with my accounts.

Personal Information
Name: [Your Full Name]
Address: [Your Address]
Phone Number: [Your Phone Number]
Email Address: [Your Email Address]
Date of Birth: [Your Date of Birth]
Social Security Number: [Your Social Security Number]

Employment Information
Current Employer: [Employer’s Name]
Position: [Your Position]
Annual Salary: [Your Salary]
Employment Duration: [Years/Months]

Loan Details
Requested Amount: [Amount]
Loan Term: [Term in Years or Months]
Purpose of Loan: [Detailed Description of the Purpose]

Financial Information
Monthly Income: [Your Monthly Income]
Monthly Expenses: [Your Monthly Expenses]
Current Debts: [Details of Current Debts]
Assets: [List of Assets, e.g., Home, Car, Savings]

I have enclosed copies of the following documents to support my application:

1. Proof of Identity (e.g., Driver’s License or Passport)
2. Proof of Employment (e.g., Recent Pay Stubs or Employment Verification Letter)
3. Recent Bank Statements
4. Proof of Address (e.g., Utility Bill)

I am confident that I will be able to meet the monthly repayment obligations of this loan. I am requesting a loan term of [number] years, with a monthly repayment plan that I believe will fit comfortably within my budget. Please find my contact information above, and I am available at your convenience to discuss this application further or provide any additional information required.

Thank you for considering my application. I look forward to your positive response.

Sincerely,
[Your Full Name]