There are many people who take loan from banks when they need money. After that the bank loan amount is repaid through EMI or in one go. After this the loan account is closed. To close the loan account, the account holder has to submit an application letter to the bank branch.
Many times it happens that most of the bank customers do not know how to write the application, due to which the loan account is not closed even after depositing the loan installment. And they have to face problems later on. Therefore, in this post the complete process regarding writing the application for closing the loan has been given. By following which you can easily write the application.
Things to keep in mind before writing the application
Before writing the application form, please pay attention to the following points:
- Always write the application on paper.
- Write the application with black or blue pen only.
- Do not cut corners in writing the application.
- While writing the application, write name, account number, mobile number etc. correctly.
- Write the same name in the application which is in your document.
- If there is any kind of mistake in the application, the application is rejected.
How to write application to close loan
To,
Mr. Branch Manager
ICICI Bank Barharia
Subject: Application letter regarding closing the loan
Sir,
It is a humble request that I Sanjay Sharma am the account holder of your bank. I have a savings account in your bank branch, Badharia. whose account number 23598XXXXXXXXX Is. I had taken a home loan of Rs 4 lakh from your bank in March 2021. But due to some critical situation, I have been unable to pay the bank installments for the last two-four months, hence I want to close my bank loan account.
Therefore, I have a humble request to you that in my situation, please close the loan account number ………., then after my situation becomes better, I want to close the account by paying your loan along with interest. I will always be grateful to you for this.
Thank you !
Date,,
Bhavadiv
Name of the applicant: ……………
Account Number: …………….
Mobile No:……………………..
Address: ……………………..
Signature……………………………………..
How to write application to close EMI loan
If you have taken loan from bank through EMI. And if you are unable to repay the loan, then you can close the loan by giving an application to close the loan account. Follow the process given below to write the application.
To,
Mr. Branch Manager
Bank of India Badharia
SubjectApplication letter for closing EMI loan
Sir,
It is a humble request that I, Anjesh Kumar, am an account holder of your bank. Your Bank Branch Bank of India Badharia I have a savings account. whose account number 23598XXXXXXXXX Is. I had taken a loan of Rs 5 lakh from the bank in March 2022. But due to some dire circumstances, I have been unable to repay the bank EMI for the last two-four months, hence I want to close my bank loan account and do one time settlement. And I want to close the account by making one payment along with interest.
Therefore, I have a humble request to you that in my circumstances please close the loan account number ……… and do one time settlement, for this I will always be grateful to you.
Thank you !
Date,,
Name of the applicant: ……………
Account Number: …………….
Mobile No:……………………..
Address: ……………………..
Signature……………………………………..
How to write application for closing bank loan
To,
Mr. Branch Manager
North Bihar Gramin Bank Madhopur
Subject: Application form regarding closing the loan
Sir,
It is a humble request that I Ashok Yadav am an account holder of your North Bihar Gramin Bank. And I have a savings account in the bank branch Madhopur. Whose account number is 4585545XXXXX. I had taken a loan of Rs 5 lakh from your bank in March 2020. And I have deposited the loan amount with full interest within time. But my loan has not been closed. Because I had received the information through mail. Therefore I request you to close the loan account.
Therefore, I have a humble request to you to transfer my loan to my account and please give me (NOC) No Objection Certificate, for this I will always be grateful to you.
Thank you !
Date,,
Name of the applicant: ……………
Account Number: …………….
Mobile No:……………………..
Address: ……………………..
Signature……………………………………..
Read this also,
Frequently Asked Questions: FAQs
Q. What to do to close the loan account?
Pay the last installment of the entire loan amount. After this, write an application and submit it to your bank branch to close the loan account. After this, the bank officer will verify all the information before closure and then close the loan account.
Q. Does closing the loan affect the credit score?
If you have taken a loan from the bank and repay the loan before the end of the loan period, it has a good impact on your credit score. But the loan amount gets affected if one is unable to pay the loan EMI regularly. And the credit score gets damaged.
