Andrew Lalherliana Hnamte
ITI Veng, Aizawl 796005
zootahera@gmail.com
9774495699
Dated: Aizawl, 9th July 2024
To:
The Branch Manager
Mizoram Rural Bank,
PUC Branch,
College Veng, Aizawl
Subject: Urgent Loan Request for Musical Instruments and Studio Equipment
Dear [Manager's Name],
I hope this letter finds you well. I am writing to request your personal assistance in securing a loan of
Rs. 50,000, which I have applied for through the loan officer. I submitted all the necessary documents,
but unfortunately, my application has not been approved. This is surprising and disappointing to me,
as I believe this loan would not only help me but also benefit the bank, given my ability to repay the
loan with interest.
As the owner of Zoota Music School, I teach guitar to around 10 students monthly, earning Rs. 2,000
per student. My goal is to double the number of students and increase my income by 100% within the
next few months. To achieve this, I need the right equipment to expand my services online and set up
a professional home recording studio. The loan will be used to purchase electric guitars, microphones,
cameras, and recording equipment, allowing me to produce higher-quality lessons and content for a
larger audience.
The details of my loan request are as follows:
Loan amount: Rs. 50,000
Annual interest rate: 7% to 12.5% (depending on bank policy)
Loan term: Approximately 28-30 months
Monthly repayment: Rs. 2,000
I am confident that with this loan, I can double my monthly income by expanding my student base
and offering online lessons. I am fully capable of making the monthly repayments of Rs. 2,000, even
at the highest interest rate of 12.5%. If necessary, I am willing to provide collateral in the form of my
motorcycle and musical instruments, which together are worth more than Rs. 1,00,000. Additionally, I
own an empty flat that I can rent out if needed.
It would honestly be a loss for both me and the bank if this loan were not approved, as I am certain I
can pay back the loan without any issues. I believe that with your support, I can grow my business and
achieve my income goals.I would appreciate it if you could take a personal interest in my case and
consider granting the loan. Please feel free to contact me at 9774495699 or zootahera@gmail.com if
you require any further information.Thank you very much for your time and consideration. I look
forward to a positive response.
Sincerely,
Andrew Lalherliana Hnamte
