Loan Rejection Letter from Bank to Client
[Here briefly focus on sample Loan Rejection Letter from Bank to Client. You can follow this sample letter to the client for rejection of the loan request application letter from a bank. Every creditor has its rules and regulations that govern loans. The letter will make it simple for the client to realize the cause of why his or her loan request was denied and provide further information on what he or she can do. You need to modify this sample according to your needs.]
Date: DD/MM/YY
Client name…
Job/Business type…
Home/Office Address…
Sub: Rejection of Request for Loan
Dear Sir,
This letter is in reference to your loan application dated [DD/MM/YY]. It gives us the pain to describe to you that your request for the loan of (Money amount) has been rejected by the board of directors of our bank. (Describe in your words). The main reason for this rejection was found to be the short amount of salary you are earning (Or business profit), is a job holder in a private/business job. (Explain actual cause and situation). After going through your application, we are sorry to inform you that your application was rejected due to [give reasons].
As you have no source of income other than this job/business and the bank has strong reservations over your way of returning this huge amount of loan. (Cordially describe your regrets). Anyhow, we would always be obtainable to provide you with other matters. Hoping to serve you in a better way.
Regards,
Your name…
Job Designation…
Bank/Finance institute name…
Contact info. and Signature…
Another Format,
Date: DD/MM/YY
Client/Customer name…
Job/Business type…
Home/Office Address…
Sub: Rejection of Loan Request
Respected Customer,
This letter is to inform you about the refusal of your loan request that you submitted at (Bank/Institute name). (Describe in your words). With reference to your application for loan dated (DD/MM/YY), we have to say that it is alongside the bank strategy to sanction the loan for buying a (Product Name). (Explain actual cause and situation).
I regret to say ‘no’ to your request but hope that you will appreciate that we cannot go against bank regulations. (Describe all about the situation and bank rules). Unfortunately, you were failed to fulfill the criteria that are must for the loan approval at our bank or the credentials and assets that you provided failed to be verified by our verification team. ((Cordially describe your regrets). Thanks for showing interest in our loan scheme.
You may contact the concerned branch for further queries if any.
Your name…
Job Designation…
Bank/Finance institute name…
