Loan Acknowledgement Letter Template

There is a need to mention the name of the candidate and for how much amount his application has been approved. You need to confirm the eligibility status and how much time will be required to send the fund.

You can also make him sure that the bank will further him for further documentation or formalities if required. You can share the rate of interest and also information about the way the bank would communicate. 

Letter Template: 1

Loan Acknowledgement Letter

To,

[Designation of addressee]

[Name of organization]

[Address]

Dear [Name of Customer],

This letter is to acknowledge that [Full Name of Customer] had applied for a [name of the loan] via the registered website [www.xxxx.xxx] with reference to [loan number] on [loan start date]. You are informed that your application for a loan has been approved and sanctioned by our revenue department.

This is to inform you that your application has successfully met the eligibility criteria of our bank’s terms and conditions. The release of funds to your account will be completed in ten working days. 

Please be assured that any further formalities which require your consent shall be conveyed to you via emails only. Our company doesn’t call any customer to confirm their bank details, mobile or OTP details. As per the previous intimation, the interest rate on the principal amount is [%] and the amount is payable in [number of years]. Any defaults in payment will give rise to financial complications as per law. 

In case you need any further assistance from our end, please feel free to visit our registered office at [name of place] between mentioned date and time]. You can also email us at [email protected]

Regards,

[Authorized signatory]

[Mention designation of sender]

[Mention authority name]

[Address of the authority]

Loan Acknowledgement Letter

Letter Template: 2

Loan Acknowledgement Letter

To,

[ Mention the name of the recipient]

[Mention the address of the recipient]

[Mention the date]

Sub- Acknowledgement letter for loan granted.

Dear, [ mention the name of the recipient]

This formal letter is to inform that [mention the full name] has applied for a [ name of the loan] in our esteemed bank that is [ mention the name of the bank] . We are writing this letter to let you know that your loan has been passed by our [mention the name of the department] department. Your loan application number is [ mention the number] which will be helpful for reference in future so keep it safe with you.

Your documents are proper and your application has successfully met all the eligibility criteria of our bank as well as the loan. We will be transferring the amount to your bank account after some procedures are left and this will not take much time. Fortunately you have met the terms and conditions of the bank. You have some formalities to do for which you have come to the bank on [ mention the date] in the first hour. 

As per the information, the principal amount is [ mention the amount] and rate of interest for the same is [ mention the interest]. You have to repay this loan within [ mention the duration]  and pay the interest on time. If you are unable to pay the loan then you will be a defaulter.  For your kind information our bank doesn’t ask for bank details, OTP, pin number and other private data so be aware of this fraud.

Hope you will cooperate with us. If you have any queries regarding the same feel free to contact us on the contact details mentioned below or visit our nearest branch for the same. Thank you so much for your time. 

With regards, [ mention the name of the sender]

[Mention the designation]

[Mention the name of the company]

[Mention the contact details of the company]

Loan Acknowledgement Letter

Letter Template: 3

Loan Acknowledgement Letter

To,

[ Mention the name of the recipient]

[Mention the address of the recipient]

[Mention the date]

Sub- Acknowledgement letter for loan granted.

Dear, [ mention the name of the recipient]

This letter is to inform that [mention the full name] has applied for a [ name of the loan] in our esteemed bank that is [ mention the name of the bank] . We are writing this letter to inform you that your loan has been sanctioned by our [mention the name of the department] department. Your loan application number is [ mention the number] which will be helpful for the future reference.

Your documents are proper and your application has successfully met all the eligibility criteria of our bank as well as the loan. We will be transferring the amount to your bank account after some procedures are left and this will not take much time. Fortunately you have met the terms and conditions of the bank. You have some formalities to do for which you have come to the bank on [ mention the date] in the first hour. 

As per the information, the principal amount is [ mention the amount] and rate of interest for the same is [ mention the interest]. You have to repay this loan within [ mention the duration]  and pay the interest on time. If you are unable to pay the loan then you will be a defaulter.  For your kind information our bank doesn’t ask for bank details, OTP, pin number and other private data so be aware of this fraud.

We are very happy that we are successful in helping you. If you have any queries regarding the same feel free to contact us on the contact details mentioned below or visit your nearest branch for the same. We will always help you in future. Thank you so much for your time.

With regards, [ mention the name of the sender]

[Mention the designation]

[Mention the name of the company]

[Mention the contact details of the company]

Loan Acknowledgement Letter

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