Decline Loan Due to Discrepancies Letter Template

Sometimes you are in a situation when you have to write a letter to inform anyone to decline a loan due to discrepancies. Now it’s quite difficult to choose effective words so that your letter becomes well.

Here we have provided some sample letters regarding a letter to decline loan due to discrepancies in form. Now you can easily follow our below letters and complete your letter in a proper format. 

Letter Template: 1

Dear Sir, 

This letter is regarding your loan application dated [date]. In the wake of experiencing your application, we are sorry to advise you that your application was dismissed due to [give reasons]. We have strict rules for loan approval and even a single discrepancy can lead to the dismissal of loan applications and  I would request you to net time be careful while submitting an application.

Much obliged to you for managing an account with us. You can reapply for the loan in the wake of meeting the set conditions. If you have any more queries you can reach out to our customer care helpline or visit the nearest branch, we would be more than happy to serve you.

Loans are subject to your credit score and hence maintain a good credit score for easy approval of a loan from any bank.

Yours steadfastly, 

[Branch manager] 

[Dated] 

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