Sample Loan Rejection Letter from Bank to Customer
[These are sample Loan Rejection Letter from Bank to Customer. You can follow these sample letter for rejection of loan request application letter from a bank. you can also follow these formats to inform a client that a loan request has been rejected and objections.]
Date…
Client Name…
Business Type/Job Designation…
Address…
Sub: Rejection of Request for Loan
Dear Sir,
It gives us the pain to apprise you that your request for the loan of (Amount of money) has been rejected by the board of directors of our bank. The main reason for this rejection was found to be the short amount of salary (or Business profit) you are earning, being a job holder in a (gove. or private service) or (Business Type). (Explain actual cause and situation in your own words). As you have no source of income other than this job and the bank has strong reservations over your way of returning this huge amount of loan. (Describe in your own words…).
Anyhow, we would always be available to serve you in other matters.
Hoping to serve you in a better way.
Your Name…
Manager Operations, (Job Designation).
Bank name and Address…
Another Format,
Date…
Client Name…
Business Type/Job Designation…
Address…
Sub: Letter for Rejection of Loan Request.
Respected Customer,
This letter is to notify you about the rejection of your loan request that you submitted at (Bank and Branch name). (Explain actual cause and situation in your own words). Unfortunately, You were failed to fulfill the criteria that are must for the loan approval at our bank or the credentials and assets that you provided failed to be verified by our verification team. (Describe in your own words…). Thanks for showing interest in our loan scheme.
You may contact the concerned branch for further queries if any.
Your name and Jon Designation…
Loan Department…
Bank name…
