How to Write a Letter for Educational Loan Application

How to Write a Letter for Educational Loan Application

  • Posted by writealetter
  • On March 3, 2021
  • 0 Comments

Are you planning for higher education in India or abroad? In India, students often have to avail educational loans to fund their studies within the country or abroad. You will have to send a request letter and apply for an educational loan. Here is how you can draft an application for education loan to branch manager.

Date: dd/mm/yyyy

To

Name of branch manager

Name of the bank

Postal address

 

Subject: Application for education loan

 

From

You name

Postal address

 

Sir,

I am an account holder in your esteemed bank since 5 years. Currently I planning for higher studies abroad. I have already got admission in a top foreign university. Since I have financial constraints, I am unable to fund higher education. However, I do not want to miss this golden opportunity. Kindly grant me an educational loan of Rs. 10 lakhs. I am aware that your deemed bank offers student loans while parents are account holders of the bank over a large period. Kindly offer the educational loan and oblige.

 

Thanking You,

Sincerely,

Your name

Signature

Email id

Mobile number

Have you understood how to draft a simple education loan request letter?

 

Here is another sample of educational loan request letter.

To

Name of branch manager

Name of the bank

Postal address

 

Subject: Application for education loan sanction

 

From

You name

Postal address

 

 Sir,

I had applied for educational loan on February 1st, 2018.  This is to request for sanctioning the educational loan of Rs. 10 Lakhs as I am pursuing higher education in foreign university. My parents are willing to guarantee for the loan re-imbursal. Kindly sanction my educational loan and oblige. All details regarding the University and the educational program are enclosed herewith for your kind perusal and confirmation.

 

Thanking You,

 

Sincerely,

 

Your name

Signature

Email Id

Mobile number

Letter to bank manager for educational loan installment

Have you applied for educational loan to the bank manager? Is it approved and sanctioned. Then inquire on the loan installments to be deposited. Here is a sample letter to bank manager for procuring information about the educational loan installments.

To

Name of branch manager

Name of the bank

Postal address

 

Subject: Inquiry on loan installments

 

From

You name

Postal address

 

Sir,

Thank you for sanctioning the educational loan.  I am aware of all the terms and conditions regarding the educational loan. Kindly intimate me on all the amounts of installments to be deposited annually so that I can proceed with timely payments. During my absence, my parents will deposit the monthly installments and reimburse the loan. A signed document with my parents undertaking is attached herewith for your requirement. Kindly provide the loan installment details and oblige.

 

Thanking You,

 

Sincerely

Your name

Signature

Email Id

Mobile number

Educational loans are helping a multitude of students to pursue higher studies and improve their career roles. Many banks are offering educational at low interests to their loyal customers. This further improves their customer relation. In such cases, you need not even offer security for your educational loans. In certain banks, if the parents have a high amount deposited with them, then they sanction educational loans for the students.

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