Most people apply for a loan by filling out a loan application letter. But if the bank asks you to write a letter, then you may have to come up with one that is persuasive enough to convince the bank to give you a loan. The bank is basically interested to find out if you are creditworthy, whether you can afford the loan and if you’re employed. It’s a good ideal to keep the letter short and to the point and also to put down the amount you want to borrow. This will help the loan officer to evaluate your case quickly and contact you so that they can give you an answer. Different banks have different requirements so even after you’ve included what you may consider to be everything they need to know, they may ask you for additional details or documents for example to prove your earnings.

Below is an example bank loan request letter that you can modify to suit your needs.
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Dear Loan Officer,

I am writing to request for a personal loan of $5000 from your bank. I need the loan to help pay for improvements to my property which is currently under a mortgage.

I have carefully considered my options and have decided to apply for an unsecured loan because I do not want to link the debt to my mortgage. Also, according to my calculations, I will be able to pay off the loan faster as I plan to take it out over a shorter period of 5 years.

I am currently employed as an administrator at King Log Company limited where I have been working for the past 25 years. Feel free to contact the company and verify that I work there on a full-time basis. You can contact the personnel department at telephone number 0000-215-258 or write to them at Johnson Street, New York City, 10101.

I have also checked my credit report with both Experian and Equifax and the report is clean with no major problems.

I have included copies of bank statements for the previous 3 months as well as an income and expenditure breakdown which shows how much I have left over each month. I plan to use some of this money for making the monthly loan payments.

I will be very grateful if you could consider me for a loan of $5000 over a period of five years. I am prepared to call at any of your branches to discuss the loan details. You can contact me on telephone 0000-000-000 to arrange an interview if required.

I look forward to hearing from you soon.

Yours Sincerely

Name
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Click here for more information about writing all types of letters. For more letter samples go to the credit letters website.