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Write a letter to the bank for vahicle loan.

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Sample letter format to bank for vehicle loan

Posted Date: 04 Dec 2014 |Updated: 04-Dec-2014 |Category: Sample Letters and Letter Formats |Author: Padmini |Member Level: Diamond |Points: 25 |


Now days, to have our own vehicle are more like a status symbol rather than a requirement of any family. In a middle class family, it is difficult to buy any vehicle with self finance; hence banks are ready to provide vehicle loans. Some people who are earning from Agriculture also need bank support to buy agricultural vehicles like Tractors.

Introduction


Vehicle loan is type of loan to buy any vehicle. This can be two wheeler or four wheeler, can be for personal use or for business use. The requirement or the purpose of buying vehicle may differ, the bank name and branch may differ, but the mail basic format will be similar and you will need to edit it by incorporation your personal details like, your name and address, bank account details, reason for vehicle loan etc.
Here, I have selected the format for a agriculture man and the reason behind this is, in most of the cases these people are less educated and this format will simply help them to write a letter for loan. At the same time, the format can be used for other type of vehicle loans.

Please find below the format letter to bank for vehicle loan application:-

From:-
Mr Kishan Lal,
House no.4, Lane 5,
Village Partapur,
Distt. Banswara,
Rajasthan.

To,
The Bank Manager,
ICICI Bank,
Branch Partapur,
Distt. Banswara,
Rajasthan.

Sub.:- Request for Vehicle loan for agriculture purpose.

Dear Sir,
As mentioned in the subject that I, myself Kishan Lal, residence of Partapur and your customer for last 10 (Account number) years wants to apply for loan against my income through agriculture for a tractor.
I had purchased 2 Tractors with the support of ICICI Bank loans and even have paid them off before time.
Due to your constant trust and support, I have purchased a new land for agriculture purpose and need one more Tractor for the same. I will pay it off within time limit.
I am enclosing herewith the required documents for your kind concern.
Kindly check the enclosures and suggest the corrections if there is any required.
Being an honest customer of your, expecting your kind support Sir!

Thanks in anticipation!
Date:- 
Place:-
Your's Sincerely 

(Signature)
Kishan Lal
Mobile number



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