UNIT 4 | Drafting
Confirmation of repayment Loan default notice
This is to confirm that I am writing to inform
you have fulfilled all you that your loan is
your payment obli- now in default. We
gations to us and you have not received any
no longer have any payments on your loan
outstanding liability to for the past 3 months.
our bank. Please let me hear from
you immediately, so
that we can avoid taking
legal action.
Rejection of loan application
I regret to inform you
that, after careful consid-
eration, we have decid-
ed that we are unable to
grant you the loan that
Sample letters you have requested.
Drawdown Notice Request for further information
With reference to the Thank you for your
prevailing Credit Line interest in establishing a
Agreement executed credit line with our bank.
by us with your Bank, To process your applica-
we give you notice that tion, we will need further
we wish to draw down information as speci-
[amount] as an advance fied below. Please rest
from the Credit. The assured that all informa-
date of drawdown is tion provided by you will
[date]. be kept confidential.
144 | Lending and Insurance
Notice of loan approval
I am pleased to inform
you that your loan
application has been
approved. I kindly ask
you to turn to our credit
officer to discuss the
next steps necessary to
conclude a contract.
Insurance claim
I am filing a claim on my
auto insurance to cover
the cost of repairing the
damage the storm caused
damage to my car. The
cost of repair is estimated
to be between 1500 -1800
EUR. My policy, #xxx, has
a EUR 400.00 deductible.
Thank you for your assis-
tance.
Bank reference
This is to confirm that
company A is a valued
client of our Bank and has
maintained an account in
good standing since Feb-
ruary 1996. If I could be of
further assistance, please
feel free to contact me at
the following number.