[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]
[Bank Manager's Name]
[Name of the Bank]
[Bank Address]
[City, State, ZIP Code]
Subject: Application for Personal Loan
Dear [Bank Manager's Name],
I am writing to formally apply for a personal loan from [Name of the Bank]. I have been a customer of your bank for [mention the number of years you have been with the bank] years and have maintained a good relationship and credit history.
I am seeking a loan of [mention the amount you are requesting] to [briefly explain the purpose of the loan, e.g., "cover medical expenses," "fund home renovations," "support my education," etc.]. I have carefully assessed my financial situation and have concluded that this loan will help me achieve my goals without compromising my ability to repay it.
My current employment is stable, and I have a steady income from my job at [mention your employer's name]. I have attached all the necessary documents, including my employment verification, salary slips, bank statements, and any other documents as required by the bank.
Here are some key details regarding my loan request:
- Loan Amount: [mention the amount]
- Loan Tenure: [mention the duration for which you need the loan]
- Repayment Plan: [briefly outline how you plan to repay the loan]
I assure you that I am committed to repaying the loan on time and have a good credit history, which I believe reflects my reliability and financial discipline. I am confident that my request will be considered favorably.
Thank you for considering my application. I am available for any further information or discussion at your convenience.
Yours sincerely,
[Your Name]
[Your Account Number]
[Your Signature, if sending a hard copy]