Sample Application for Loan for Renovation of House

[Here briefly focus on Sample application letter for a loan to renovate the home from the office, bank, factory, small loan schemes etc., where you work. You should follow the company rules and regulation against loan renovation. You can modify these formats as your requirement.]

Date…

Name…

Job Designation (Branch Manager),

Institute Name…

Institute Address…

Sub: Application for Loan for Renovation of House

Sir, with due respect I have to state that I have recently returned to (Area name) after working in (Area/country name) for over a decade. I am currently staying with staff at company but I would like to shift to the house I inherited after my parents passed away. (show your actual problem and situation).

However, it is not in a good condition. For that purpose, I would like to apply for the load to renovate my house so I could live in it again as soon as possible. Thank you for your consideration.

Yours sincerely,

Name…

Job Designation…

Signature…

Dear Sir,

Hope that you will be fine. I am the account holder in your bank for the last 5/10 years. I have come to know about the loan scheme inaugurated by your bank which is based on small loans against low mark up for building homes. According to the bank policy, the requirement for a loan is that one must have a salary account in your bank and the account must be activated three years before the advertisement.

I have decided to renovate my house this summer so I think this new scheme would be beneficent for me. As per the requirements, I am an account holder in your bank for 5/10 years and my account is also a salaried account which makes me capable of applying for a loan. Moreover, I am also submitting papers of two guarantors in this respect.

It is requested that kindly accept my application for a loan and allow me to start the procedure in this respect. I shall be grateful to you for this favor.

Yours sincerely,

Name…

Job Designation…

Signature…