Application to Close Loan Account: Before the discussion, on how to write an application letter to the Bank Manager to close the loan account
I want to tell you some important facts relating to this topic. A loan account is opened when someone takes a loan from the bank. In this situation, this account closing is subject to the terms and conditions, made between the bank and you.
So, before taking a loan, please read the terms and conditions carefully. Now, if you want to close your loan account by paying all the dues before the stipulated time, you may need to write an application letter to the bank manager for the pre-closure of the loan account. Henceforth, let’s start our writing.
If you want to know how to write an application to Bank Manager to reduce the interest on the loan, please click here.
Sample 1
Application to Close Loan Account
To
The Bank Manager
ABC Bank
Address
Subject: Application to close the loan account (Account No-123456)
Sir,
With due respect, I wish to state that I have a loan account with this bank. The loan account no is 123456. I took a loan in the amount of 3,00,000 in 2018. I have been paying each installment regularly. Thereafter, the remaining amount of the loan is 210000 (the remaining balance of your loan) as of 14:12-2021 (the day when you want to close the loan account).
In this situation, I have paid the remaining dues in cash to the counter. The receipt copy of the deposit is enclosed herewith for your kind information.
Therefore, I request you to close my loan account today at your earliest and issue a no objection certificate (NOC) in favour of me.
Thanking you,
Yours faithfully,
Your full name
Dated-15/2/21
Enclosures: The Receipt of the deposit of, 210000
Sample 2
Application to Close Loan Account
To
The Bank Manager
ABC Bank
Name of the Branch
Address
Subject: Application for closing loan account
Respected sir,
With due respect, I, Mohit Kumar, am a bona fide customer of this bank. I took a loan in the amount, of, 40000 in the year 2020 for the tenure of 6 years. The loan account number is 123456789. My monthly installment is 5500. I have been paying all the installments regularly. My loan will be closed in 2025. But I want to pre-close the loan, paying all the dues. I have already paid the remaining dues in cash at the counter.
Therefore, I request you to do whatever is necessary to close the loan account at your earliest and oblige me thereby.
Thanking you,
Yours Sincerely,
Your full name
Your contact no.
Date: Kolkata
05.10.2022
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