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Letter to Decline a Loan Offer- Sample Template

[ Insert the Sender’s Address]

———- [ Address Line1] ———–

———- [ Address Line 2] ————

[ Insert the Date of sending the letter]

[ Insert the Receiver’s Name]

[ Insert the Receiver’s Address]

———- [ Address Line1] ———–

———- [ Address Line 2] ————

Dear Mr./ Mrs./ Ms. [ Insert the name of whomsoever it is concerned to]

 SUB: [ Insert the subject concerned to the letter]

Greetings of the day!

 Thank you for choosing [ Insert the name of the organization/ respective bank].

We had received your application holding the application ID: [ Insert the application ID or Ref. No. of the application] concerning the request of a loan you had applied for the sum of [ Insert the amount of money requested along with currency]

According to our data, you had already taken a loan for the sum of [ Insert the amount of money along with currency] on [ insert the date of taking the loan]. The loan is still due on [ insert the due date of the loan], because of which, providing another loan would be against the Bank’s rules.

This letter was to extend our apologies and inform you that we will not be able to process your request for the sanction of a loan for the same reasons.

We anticipate hoping that you would understand our policies. For further queries regarding this, please feel free to contact us via email on [ Insert email address of the bank] or visit our website [ Insert the bank’s website].

 We appreciate the time and interest you have taken to choose [ Insert the Name of the Organization or Respective Bank].

Thank You very much for your cooperation.

 Regards,

[ Insert the Full Name of the Sender]

[ Insert the Designation], [ Insert the Name of the Organization or the Bank]

[ Insert Contact Details]

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