Steps In Writing A Personal Loan Letter
A personal loan can be obtained for a lot of purposes, at different rates and for various lengths of time. With a personal loan, you have to complete an application form, but other financial institutions, including the best personal loans online may also ask for other documents.
Here are the steps in making a letter for a personal loan.
- Write in an accepted business-letter format and include the address of the financial institution, the date, and the name of the loan officer in the paper’s upper left-hand corner.
- Make your letter personalize. Do not make a form letter that is obviously be going out to a lot of prospect lenders. Make to the loan officer, the financial institution, and the community.
- Be straight. State what you want to ask for the lender after your brief introductory paragraph. Summarize your request for a loan and the reasons behind it.
Summarize how you are going to go about your re-payment plan. Lenders really appreciate that you have a payment strategy.
Use your credit standing as a reference that may already be seen in your application.
Do not forget to include your present employment. Emphasize that you have been employed in a company for a long time. With this, you will be established as a responsible and stable borrower.
When writing the letter, include little information about your personal life.
Conclude the letter with any reference to the attachments or documents that you have included, such as your credit report. Say thank you to the loan officer for her time and consideration, and tell her that you would really look forward to hear from her. End the letter by assuring her that you will be glad to give any needed information as needed.
Write your signature. Include your basic information, such as your phone number, address, and email address.