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Loan request letter is usually written by a client of a bank to his bank requesting for loan. There may be different needs for which loans may be offered by the bank and the same may be clearly spelt in the letter.
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.
An advanced loan based on salary is an inexpensive way to get money for an emergency. The borrower needs to send a salary loan request letter that specifies the relevant personal information, gives the time frame for the loan and may state the reason it is required because it may help convince the lender when he or she is considering the request.
Re: Business loan request for $50,000 Dear Lender’s Name, The aim of this letter is to request a small business loan of $50,000 to improve and upgrade my restaurant.