Loan Request Letter

Loan Request Letter

A Loan Request Letter is a formal letter written by a loan applicant and addressed to a lending institution. This letter should not be used as a desperation plea, but should rather state the facts of why you need the loan and how you intend to pay back.

A loan request letter should include the following:

  1. Loan amount
  2. Planned use of funds
  3. Explanation of why you should be funded
  4. Details about how you plan to repay the loan

Below, you will find sample loan request letters. Use these loan request templates as a guide to write a convincing loan request letter.

Loan Request Letter To Bank

Your Name
City, State, Zip Code
Bank Account Number: [NUMBER]DATE

Name of Loan Officer
Name of Bank
Address of Bank
City, State, Zip Code

RE: Application for loan of [$50,000]

Dear Name of Loan Officer:

This letter is a formal request that you favorably consider my loan application. I have been a patron of this bank for the past [20 years].

Every month my salary is deposited into my checking account, and I have had a savings account for the past seven years.

Please note that you gave me a [$5,000] loan 13 years ago when I started my business and I made all payments on time. My business has flourished, and today, I am applying for a loan of [$50,000] to open a new office on the other side of town.

I have chosen the property, but I need the loan to equip the office. Enclosed are all of the required documents and the loan application.

If you have any questions, I can be reached at [Phone Number] or at [Email Address]. I would be happy to discuss my request in person including the repayment schedule and date the loan will be completely repaid at a time that is convenient for you.

Thank you in advance for taking the time to consider my loan application. I am hoping for a prompt, favorable reply.


Your Signature
Your Printed Name
Bank Account Number
Enclosures List

Loan Request Letter To Employer

Name Of Employee
City, State, Zip Code
Address Of EmployeeDATE

Name of Employer
Address of Employer
City, State, Zip Code

RE: Request for loan to be repaid from my salary

Dear Name of Employer:

This is a formal request for a loan of $1500 to be repaid with a deduction from my salary each month. I would like to repay the loan within 12 months. I require the money to pay for renovations to my home.

After a plumbing emergency, the carpet in my living room, dining room and one bedroom was ruined beyond repair. The estimate from the contractor is $1500 to lay new carpet in three rooms.

The carpet has begun to mold, and is considered unhealthy as it pollutes the air. My wife and I have moved in with my mother until we can get the carpet replaced. I have enclosed the contractor’s estimate, the mold assessment from the county health department and the required loan forms.

The loan will be repaid with installments that can be deducted from my salary every month until the loan with interest is repaid. I can be reached at Phone Number or Email Address to discuss the terms of the loan.

Thank you for considering my emergency situation.


Signature of Employee
Printed Name of Employee
List of Enclosures

Loan Request Letter To Company

Human Resource Manager,
Company Name,
City, State.Subject: Application for personal loan from the company

Dear Madam,

I am writing this letter to request for a personal loan to help my parents pay up their mortgage.

My parents are in debt and they need to pay at least 20% of the amount of mortgage or their house will be taken over by the bank. They are ailing, weak and will not be able to survive such a situation.

The only way I can help them avoid such a fate is by paying the money that is needed by the bank. I can do so if I am granted a loan of $5,000 by the company, which is a privilege granted to employees who have worked with the company for more than 10years.

I would be grateful if the company approvess my loan request and deducts 20% from my salary every month until I pay up the amount i was loaned.

Thank you for your kind consideration.

Yours Truly,
Your Name

Loan Request Letter To My Boss

The General Manager/Managing Director,
Company Name,
Company Address,

Subject: Personal loan request

Dear Sir,

I am writing this letter to request for a personal loan to pay for my house rent.

I am currently living with my family at XYZ road, which is far from the office and transportation from there to the office cost me alot.

I have decided to rent a house that is closer to the office, but I don’t have enough funds to pay for the rent. Kindly grant me a loan of Rs.40,000 so that I can pay for a house near the office. Kindly deduct Rs.5,000/- per month from my salary.

Thank you for your kind consideration.

Yours Truly,
Your Name.

Loan Request Letter To Bank Manager


Bank Manager’s Name,
Job Position,
Bank Name



Your Name
City, State.

Sub: Requesting for a personal loan

Dear Manager’s Name,

I want to bring to your kind attention that I am holding a savings account in your bank, my account no. is 34521.

My son has applied for the management course in one of the best universities in London, and he has cleared the entrance of the same. Massive investment is involved in his admission. Therefore, I need a personal loan of $30000 for the same.

I am enclosing all the relevant documents for the application of the loan. I hope you will consider our request on a top priority basis and arrange a personal loan for us at the earliest. It is a matter of my son’s future.

I look forward to having a prompt action from you regarding this matter.

Yours sincerely,

Your Name

Business Loan Request Letter

(Your Name),
(Company Name)
(Company Address)
(State, Zip Code)(Date)

(Recipient’s Name),
(Job Position),
(Company Name)
(Company Address)
(State, Zip Code)

Re: Small business loan request for $100,000

Dear Recipients Name,

XYZ Builders is a successful business that is well established in the building and renovation industry. We began operation with 3 employees in January 2010 as a small company offering renovation services to local businesses and homeowners. We now have 20 employees.

Last year, our annual sales totaled $3.5 million. In the first year of business, we earned a net profit of $1 million. Additionally, we have maintained a steady balance in the past 10 years.

Because of increasing interest from prospective clients in neighboring cities, we have decided to open a second location. The loan we are requesting is for this additional location, which we anticipate will increase revenue by $300,000 in the first quarter following opening.

Startups can be costly, and we require funding to purchase supplies and equipment. However, we anticipate strong sales for the new branch and have immediate work opportunities, which will contribute to our loan repayments.

The loan of $100,000 we are requesting will provide us with the funding we need to help successfully open our second location. I have attached the contracts we have in the new location, pending equipment availability and ability to complete the project as well as our business plan with a breakdown of costs and detailed market analysis.

Thank you for reviewing this letter and the accompanying financial documents. I look forward to hearing from you at your convenience.



[Your Name]

Enclosures: Business plan, profit-and-loss statement, balance statement, cash-flow statement

Comments Off on Loan Request Letter