Personal Loan Application Letter in Nigeria

I am writing to formally apply for a personal loan with [Bank Name]. I am seeking a loan of [Amount] for the purpose of [specific purpose, e.g., home improvement, education, medical expenses, etc.]. I believe this loan will greatly assist me in [describe how the loan will help, e.g., improving my living conditions, furthering my education, covering necessary medical costs, etc.].

Personal Information:

• Full Name: [Your Full Name]
• Address: [Your Current Address]
• Phone Number: [Your Phone Number]
• Email Address: [Your Email Address]
• Occupation: [Your Occupation]
• Employer: [Your Employer’s Name]

Loan Details:

• Amount Requested: [Loan Amount]
• Purpose of Loan: [Detailed Purpose]
• Repayment Period: [Repayment Period, e.g., 12 months, 24 months]
• Preferred Repayment Method: [e.g., Monthly Installments]

Financial Information:

I have been employed with [Your Employer’s Name] for [Number of Years] and my current monthly salary is [Your Salary]. I am confident that I will be able to repay the loan comfortably given my current financial situation.

Supporting Documents:

I have attached the following documents to support my application:

1. A copy of my identification (e.g., National ID, Passport)
2. Proof of income (e.g., recent pay slips, employment letter)
3. Recent bank statements (last 3 months)
4. Any other documents as required by the bank

I have maintained a good credit history and have always honored my financial commitments. I am committed to repaying this loan as agreed and look forward to a favorable response from your esteemed institution.

Thank you for considering my application. Please feel free to contact me at [Your Phone Number] or [Your Email Address] should you require any further information or clarification.

Yours sincerely,
[Your Full Name]
[Your Signature] (if submitting a hard copy)