Loan Closure Letter Format: Are you looking for some of the Best Loan Closure Letter Format Sample In Word & Pdf? If Yes, then here you will get these types of application letter sample.
To close an account with the bank from which you took your loan, follow & read their terms and conditions very carefully.
Then write the account closure request letter using the application samples given below. Submit with it some documents (e.g. Personal Loan account number, approval letter, other documents issued by the bank) and Identity proof (e.g. Passport, PAN card, Aadhar).
If the bank has any pre-closure amount, then they have to pay it. Then in a few days, the bank will send you the loan completion document. After that all the process of closing your loan account will be completed.
The letter samples given below can be used for any bank without any problem. For example, you can use them in the case of HDFC personal loan closure letter format or SBI home loan closure letter format.
Personal Loan Closure Letter Format
To,
The Branch Manager
(Bank Name),
(Bank Address),
(Date).
Subject: Request Letter For Loan Closure.
Dear Sir/Madam,
I, ___________(Write Your Name) have a personal loan in my account on your _______ (Mention Your Bank Name) bank. I am writing this application letter to request you to close my personal loan account with account number ____________ (Mention Your Loan Account Number). The reason for closure is ___________ (Mention the reason for the closure correctly here).
I would like to inform you that I have paid all the EMI, loans. You can check your records. As per the requirements of the bank, I am attaching the applicable documents with this application.
Kindly consider this request letter and do the needful as soon as possible.
Thanking you,
Yours Faithfully,
(Your Legal Name),
(Your Address),
(Your Email),
(Your Mobile).
Car Loan Closure Letter Format
To,
The Bank Manager
(Name of the Bank ),
(Branch Address),
(Date).
Subject: Closure of the car loan account.
Respected Sir/Madam,
I am writing this letter to state that, I am holding an auto/vehicle/car loan bank account in your ________ (Mention Your Bank Branch Name) branch.
All details of my account are listed below:
Loan Account Holder Name:-
Loan Account Number:-
Loan Approved Amount:-
My PAN Number:-
I am willing to pay all my remaining amount and at the same time, I want to close my loan account.
So I request you, please let me know the detailed process and necessary documents for closure of the loan. So that I can pay the remaining amount quickly and close the account.
Thank you in advance.
Yours Truly,
(Your Name),
(Full Address),
(Your Contact Details).
Home Loan Closure Letter Sample
To,
The Branch Manager,
(Bank Name),
(Branch Name),
(Branch Address),
(Date).
Subject: Application for home loan.
Respected Sir/Madam,
With due respect, I would like to inform that I hold a loan account & account no is ___________ [Mention Your Bank Account No] with your __________ [Mention Your Branch Name] branch. For personal reasons, I want to close my home loan account. (You can specify the reason for this closure)
Therefore, you are requested to kindly close my account. I will always be grateful to you. If any other information or documents is required for it, kindly contact me on my mobile number. my mobile number is ____________ (Mention Your mobile Number).
Thanking You.
Yours Sincerely,
(Your Name),
(Address),
(Your Account Details),
(Contact Details).
Download Loan Closure Letter Format Sample In Word
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Sample Loan Closure Letters
If you are looking for sample loan closure letters, you have come to the right place. Check out the following loan closure letter samples to understand the format well so that you can write your own letter without a doubt.
Personal Loan Closure Letter Format
flat no 123, N B C Layout 2nd Street
G N Mills
Mettupalayam Road
Coimbatore – 641012
January 15, 2022
The Branch Manager
State Bank of India
G N Mills Main Branch
Mettupalaya Road
Coimbatore – 641012
Subject: Request Letter for Loan Closure
Dear Sir/Ma’am,
I am Anuj Karthik, and I have a personal loan in my account in your bank. I am writing this letter to request you to close my personal loan account with the number 1526xxxxx4655.
I have paid all my EMIs, and the loan tenure is complete. I am attaching herewith all the mentioned documents, including the No Objection Certificate, Payment Receipts, Loan Sanction Documents, a copy of my Aadhaar Card and PAN Card as per the requirements of the bank. Kindly do the needful and let me know the further procedure of the closure of my personal loan. Please feel free to contact me in case of any queries.
Thank you for your support and cooperation.
Yours sincerely,
Signature of the sender
Anuj KARTHIK
Contact details:
Phone number : xxxxxxxxxx
Email id : [email protected]
Attached documents
1. No Objection Certificate
2. Payment Receipts
3. Loan Sanction Documents
4. Copy of Aadhaar Card
5. Copy of PAN Card
Home Loan Closure Letter Sample
Apartment No. 122, Green View Apartments
Lakshmi Nagar 4th Street
Tambaram West
Chennai – 600054
January 24, 2022
The Branch Manager
Central Bank of India
Tambaram West Branch
Chennai – 600054
Subject: Request for Home Loan Closure
Dear Sir/Ma’am,
I am Abdul Ahmad. I hold a home loan account in your bank. I would like to bring to your notice that I have completed all the EMI payments in full, so I would like to request you to close my home loan account.
The actual tenure of my home loan with the account number 1623xxxx6536 ends in July. I was told that I would have a minimum of a 3% prepayment penalty as I am closing the loan prior to the completion of the loan tenure. Therefore, I authorise you to debit the said charges from my account.
I am enclosing a copy of my Aadhaar Card, a copy of my PAN Card, Loan Sanction Documents, EMI Payment Receipts and a copy of my bank passbook as informed. I request you to kindly do the needful and close my home loan account as early as possible.
Looking forward to a positive response from your end.
Thanking you
Yours sincerely,
Signature of the sender
Abdul Ahmad
Car Loan Closure Letter Format
45B Street
Anna Nagar East
Chennai – 600012
March 27, 2022
The Branch Manager
Union Bank of India
Anna Nagar East Branch
Chennai – 600012
Subject: Request Application for Car Loan Closure
Dear Sir/Ma’am,
I am Stan Swamy , and I am writing to request you to close my car loan account with the account number 1526xxxxxxxxx4596.
I would like to inform you that the tenure of my Car Loan is over, and I have paid all my dues. I have attached all the documents as per the instructions. I request you to kindly close my car loan account and provide me with all the original documents I had submitted when I applied for the loan. Kindly let me know if there is anything else that I have to do as part of the closing procedure.
Thank you
Yours sincerely,
Signature of the sender
Stan Swamy
Contact information
Phone number: xxxxxxxxxx
Email address: [email protected]
Attached documents
1. Loan Sanction Letter
2. Copy of Aadhaar Card
3. Copy of PAN Card
4. No Objection Certificate
FAQ’s On Loan Closure Letter Format Sample
1) How do you close a loan account?
Answer: You can easily close your loan account by following the steps given below –
- Visit the bank with all required documents.
- Write a loan closure letter to the bank manager OR, You may be required to fill a form.
- If there is a pre-closing amount, then pay it.
- Take acknowledgment paper from your bank.
- Then your loan account will be closed automatically in a few days.
How do you write a loan closure letter?
I am Sucheta Karthik, and I have a personal loan in my account in your bank. I am writing this letter to request you to close my personal loan account with the number 1526xxxxx4656.
I have paid all my EMIs, and the loan tenure is complete. I am attaching herewith all the mentioned documents, including the No Objection Certificate, Payment Receipts, Loan Sanction Documents, a copy of my Aadhaar Card and PAN Card as per the requirements of the bank. Kindly do the needful and let me know the further procedure of the closure of my personal loan. Please feel free to contact me in case of any queries.
Thank you for your support and cooperation.
Yours sincerely,
Sucheta Karthik
What are the details I should include in the loan closure letter?
Make sure you provide your complete loan account details and the reason why you are closing your loan account. You should also attach all the necessary documents according to the instructions given by the bank officials.