A bank or financial institution can use this Loan Acceptance Letter to let clients know that their loan request has been approved.
[Sender’s Name]
[Bank’s Name]
[City, State and Zip Code]
[Mobile Number]
[Date]
[Recipient’s Name]
[City, State and Zip Code]
[Email Address]
Dear [Loan Applicant’s Name],
Reference: Loan Approval
I am writing to inform you that your loan request under the reference number [Number] applied on [Date] has been reviewed and accepted. We are pleased to let you know that you will receive the full [Amount] applied for on your request. Your loyalty and prompt repayment on past loans inspire confidence in our team.
As per the repayment terms, your first interest payment falls on [Date] and amounts to [Amount]. The loan will be charged at an [Percentage] interest on reducing balance. Please visit your nearest branch for clarification and loan processing. Ensure to bring all required documentation for this process.
If you need any assistance, feel free to reach out to us through the mobile number [Number].
Sincerely,
[Sender’s Signature]
[Sender’s Name]
[Position at the Bank]
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