Sample Request the Payment of Personal Loan

Introduction

Financial institutions are the one which offer personal loans at prevailing rate of interest. If the client fails to make the payment on time, it is the responsibility of the financial institutions to remind them about the same by writing a request letter. Through this letter, they can remind their client about the loan and the repayment of the same.

Sample Request the Payment of Personal LoanTips

Few tips should be considered for writing an effective request letter for payment:

Though it is the fault of the client, but you should be modest and polite while writing the letter.
You can clearly mention in your letter that a penalty will be levied if the payment is not made on time.
Tone of the letter should be formal.
While writing the letter, just remember one thing “Customer is the King”.
Once you are through writing the letter, please recheck the same for any additions, if needed.

Sample Sample Request the Payment of Personal Loan

To,

Mr. John Smith

16, Leisure Valley Society

Denmark

Date (Date on which letter is written)

From,

Peter Lewis

Head (Accounts)

UFO Financing Solutions

Denmark

Sub: Requesting payment on your personal loan of $50000

Dear Mr. Smith,

This letter serves as a reminder for you to make the payment of your personal loan by 30th of this month. You have not paid your installments for the past three months and we would request you to please make the payment on time otherwise the interest will be increased from 5% to 7.5%. I am also enclosing the details of your payment records for your reference.

We would really appreciate if you could make the payment on time otherwise we will be forced to take a legal action against you.

You can contact me if you need any sort of clarifications regarding your loan and its repayment.

Yours truly,

Peter Lewis

Sample Request the Payment of Personal LoanTemplate

To,

______

Date (Date on which letter is written)

From,

______

Sub: ______

Dear ______,

This is to bring to your kind attention that you have still not made the payment against your loan dated ______. We have sent you various correspondences regarding the same, but till date we have not got a single response from you. Therefore, we request you to please make the payment at the earliest; otherwise we will be sorry to take a legal action against you.

Please consider this letter as a last reminder and make the payment as soon as possible. I am enclosing the details of your loan and its installments for your reference.

Yours truly’

(______)

Disclaimer

The author and publisher of this Ebook and the accompanying materials have used their best efforts in preparing this Ebook. The author and publisher make no representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents of this Ebook. The information contained in this Ebook is strictly for educational purposes. Therefore, if you wish to apply ideas contained in this Ebook, you are taking full responsibility for your actions.

The author and publisher disclaim any warranties (express or implied), merchantability, or fitness for any particular purpose. The author and publisher shall in no event be held liable to any party for any direct, indirect, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this material, which is provided “as is”, and without warranties.

The author and publisher do not warrant the performance, effectiveness or applicability of any sites listed or linked to in this Ebook.

All links are for information purposes only and are not warranted for content, accuracy or any other implied or explicit purpose.

No part of this may be copied, sold, or used in any way other than what is outlined within this Ebook under any circumstances without express permission from