Free Loan Request Letter Template

[Your Full Name / Business Name]
[Address]
[Email] | [Phone]

[Date]

[Loan Officer / Department]
[Bank / Lender Name]
[Address]

Dear [Loan Officer's Name],

Re: Application for [personal / business] loan — [$ Amount]

I am writing to formally request a [loan type — e.g. "personal loan" / "small business loan" / "line of credit"] of [Amount], to be repaid over [Term — e.g. "36 months"].

Purpose of the loan:
The funds will be used to [specific purpose — e.g. "consolidate existing debt and reduce overall monthly interest costs" / "purchase equipment that will allow us to take on two new contracts already in writing"]. A breakdown of the intended use is attached.

About me / our business:
• Name: [Your Name / Business Name]
• [Employment / Trading] since: [Year]
• Current [income / annual revenue]: [$ Figure]
• Existing financial commitments: [Summary]

Proposed repayment:
Based on current income / projected cashflow, I am able to comfortably commit to monthly repayments of approximately [$ Amount]. Repayments will be made by direct debit from account [Reference].

Supporting documents enclosed:
• [Most recent 3 months of bank statements]
• [Pay slips / management accounts]
• [Photo ID]
• [Business plan / financial projections, if applicable]

I have been a customer of [Bank Name] for [X years] and have always maintained my account in good standing. I would be grateful for the opportunity to discuss this application in person or by phone at your convenience.

Thank you for considering this request.

Yours sincerely,

[Your Full Name]