Formal Letter to Bank Asking For Loan to Set Up Small Industry

We all have some dreams or some aims in our life. But sometimes in some personal life, a financial problem comes on the way to fulfill these dreams. Due to which their dreams die before it comes true. But thanks to banks which provides us loans to fulfill these dreams. Sometimes for getting a loan from a bank, we need to write a Formal Letter to Bank Asking For Loan to Set Up Small Industry. It is a letter to a bank, asking for a loan to set up a small scale industry of your own.

Formal Letter to Bank Asking For Loan to Set Up Small Industry

Formal Letter to Bank Asking For Loan to Set Up Small Industry

19, Trikuta Nagar,

Jammu.

 

May 17,201…

 

The Manager,

J&K Bank,

New Plot Branch,

Jammu.

 

Dear Sir,

 

Last Monday we had a heart to heart chat in your chamber on the facilities being provided by state sector Banks to young men who desired to set up their own industrial concerns. You were impressed by my qualification and experience as a Liaison officer with Delhi Cloth Mills. It was your encouragement and verbal promise of financial aid that emboldened me to apply for a loan to set up a small scale unit of ownership.

I have a plot measuring 100 yards by 60 yards. 1 have ordered for five knitting machines from Ludhiana. I need a working capital of Rs. 200,000(Two Lakhs) to run my concern.

My elder sister has a Fixed Deposit of Rs. 3 lakhs (FD. Receipt No. AL-814) in your bank and has promised to stand surety for me.

I request you to sanction a loan of Rs. 2,00,000(Two Lakhs) at the earliest and I promise to abide by all the Bank rules and regulations regarding the payment of interest and amount of loan on an installment basis.

 

Yours faithfully,

X.Y.Z.


Also, read about a Formal Letter to Editor of Newspaper for stressing the need for water supply.

Above all is about “Formal Letter to Bank Asking For Loan to Set Up Small Industry”.

Thank you.


 

Leave a Comment