Write a Letter of request for sanction of advance under Personal Loan Scheme for pensioners. If you would like to write a letter regarding the sanction of advance for a personal loan, then you can surely follow this sample letter provided here and write your letter neatly and correctly. Here is the go...
Sample Letter of request for sanction of advance under Personal Loan Scheme for pensioners
144, West Street
Arul Mount Road
13th October 2021
Federal Bank of India
Subject: Advance Under Personal Loan Scheme for Pensioners reg...
I am herby requesting you to grant me an advance of Rs. 250000 (Rupees two lakhs and fifty thousand only) for meeting my personal needs. I am eligible for the loan applied for under the above scheme for pensioners.
I am drawing a monthly pension of Rs. 35000 (Rupees thirty five thousand) having retired in the year 2011. The pension is being credited in my SF/CA A/c No 754311 maintained with your concerned branch.
I agree to repay the said advance of Rs. 250000 (Rupees two lakhs and fifty thousand only) in 36 equal monthly instalments along with the interest @ 1.5% p. a. I agree to pay interest tax, if any, in force. The interest chargeable shall be subject to changes as prescribed by the bank from time to time.
In the event of my death or for any other reason deemed fit, the bank shall have the right to recall the loan outstanding immediately irrespective of repayment period fixed. I also agree to execute all the documents prescribed and to abide by all terms and conditions of the scheme from time to time.