Loan Approval Letter Examples & Templates for Every Financial Need
Letter #1: Loan Approval Confirmation for $[Amount]
[Company Name] has approved your loan application for $[Amount] at a [APR%] annual percentage rate (APR). The loan term is [Years] years. Please review the enclosed amortization schedule and call us to finalize the paperwork.
Letter #2: Home Equity Loan Approval
Your $[Amount] home equity loan application has been approved. The loan term is [Years] years with a starting interest rate of [Interest Rate%]. Your first payment of $[Amount] is due on [Date]. For any questions, please call us at [Phone Number].
Letter #3: Loan Approval Confirmation for $[Amount]
Your loan application for $[Amount] has been approved. Please visit our office to review the terms and sign the promissory note. The first payment of $[Amount] is due [Number] days after disbursement. The interest rate of [Interest Rate%] is fixed for the loan term.
Letter #4: Home Equity Loan Approval with 30-Year Term
Congratulations on your home equity loan approval! The loan amount is $[Amount] with a 30-year term and an annual interest rate of [Interest Rate%]. Please review the enclosed disclosure form for detailed loan terms.
Letter #5: Personal Loan Approval Confirmation
We are pleased to inform you that your personal loan has been approved. The loan amount is $[Amount] with a [Years]-year term and a [APR%] APR. Your first payment of $[Amount] is due on [Date]. Please review the attached documents for details.
Letter #6: Business Loan Approval: Fuel Your Growth
Your business loan application for $[Amount] has been approved. We believe in your vision and are excited to support your growth. The loan term is [Years] years with a [APR%] APR. Please review the terms and conditions in the enclosed documents.
Letter #7: Car Loan Approval: Drive Your Dream Car
Congratulations! Your car loan application for $[Amount] has been approved. You can now purchase your dream car with a [APR%] APR and a loan term of [Years] years. Please visit the dealership to finalize the purchase.
Letter #8: Debt Consolidation Loan Approval: Simplify Your Finances
Your debt consolidation loan application for $[Amount] has been approved. Simplify your finances with a [APR%] APR and a [Years]-year loan term. The enclosed documents outline the repayment schedule and terms.
Letter #9: Student Loan Approval: Invest in Your Future
Congratulations on your student loan approval! We're pleased to support your educational journey with a $[Amount] loan. Please review the loan agreement carefully for repayment terms and disbursement details.
Letter #10: Small Business Administration (SBA) Loan Approval: Empower Your Business
Great news! Your SBA loan application for $[Amount] has been approved. This funding will help you achieve your business goals. The loan term is [Years] years with a [APR%] APR. Please review the terms and conditions carefully.
Letter #11: Mortgage Refinance Approval: Lower Your Monthly Payments
We are pleased to inform you that your mortgage refinance application has been approved. Your new loan amount is $[Amount] with a [Years]-year term and a [Interest Rate%] interest rate. This will lower your monthly payments and save you money over time.
Letter #12: Construction Loan Approval: Build Your Dream Home
Congratulations! Your construction loan application for $[Amount] has been approved. You can now start building your dream home with a [APR%] APR and a loan term of [Years] years. Please review the loan terms and contact us for further assistance.
Letter #13: Bridge Loan Approval: Secure Your Investment
Your bridge loan application for $[Amount] has been approved. This short-term loan will help you bridge the gap between your current and future financing needs. The loan term is [Months] months with a [APR%] APR.
Letter #14: Personal Line of Credit Approval: Access Funds When You Need Them
Congratulations! Your application for a $[Amount] personal line of credit has been approved. Access funds whenever you need them with a [APR%] APR. Please review the terms and conditions for more details.
Letter #15: Equipment Financing Approval: Upgrade Your Business
Your application for equipment financing for $[Amount] has been approved. This will enable you to upgrade your equipment and improve your business operations. The loan term is [Years] years with a [APR%] APR.
Expert Tips
- Clearly state the loan approval and the approved amount.
- Include essential loan details like interest rate, term, and payment due dates.
- Guide the recipient on next steps, such as reviewing loan documents or contacting a loan officer.
- Maintain a professional and positive tone.
Write Unique and Personalized Letters: A Step-by-Step Guide
Follow these simple steps to write your own approval letter effectively:
Sample Sentences
- We are happy to grant you the automobile loan you applied for on June 4.
- Your loan has been approved subject to the terms on the disclosure form.
- I am pleased to inform you that your loan application has been approved.
- Your application for a loan has been approved on the following terms:
- It will be a pleasure to lend you the money you requested, and I have enclosed a check for $4,444.00.
- I am glad to be able to respond favorably, and enclose a check for the amount you requested.
Key Phrases
- am pleased to grant you
- am pleased to inform you
- am willing to lend you
- are able to lend you
- enclosed is a check for
- funds will be available to you on
- has been approved
- have approved your loan
- loan has been approved
- money you requested
- on execution of a
- the loan you applied for
- want to let you know
- will be a pleasure to
- will be happy to lend you
- wish to notify you
- your loan application
- your loan has been approved
- your application for a loan
Sample Sentences
- As we discussed, the term of the loan will be eighteen months, with the first monthly payment of $444 due on February 1. The annual interest rate on the unpaid balance will be 12%.
- Come in soon to complete the paperwork, and we will transfer the $15,000 directly into your account. The monthly payment will be $330, with an annual interest rate of 12%. The term of the loan is five years.
- The term will be 60 days, and we will charge 3% interest with full payment due on or before April 30.
- The funds will be available at 11% interest per annum upon your execution of a loan document.
- The term will be 60 months, with interest accruing at 18% per annum.
- Interest at a rate of 16% per annum will be paid annually before October 1 each year. The balance will be due upon the maturity of the note, October 31, 2019.
- It would be great if you could start paying me back in June, but if that is not possible, please call to work out another arrangement.
- I find the repayment terms you suggested quite acceptable.
Key Phrases
- according to the terms set forth
- APR will be
- at an annual interest rate of
- balance will be due on
- first payment is due on
- funds will be available on
- interest at a rate of
- it's okay to pay
- on the application form
- payment will be due on
- repayment period will be
- repayment terms will be
- start paying me back
- subject to the terms of
- unpaid balance will accrue interest at a rate of
- will repay me by
- will be compounded monthly
- will transfer the amount directly into your account
- with interest accruing at
Sample Sentences
- Please call me if you have any questions.
- We are happy to work with you on this project.
- We are pleased to help supply the financial needs of our community.
- If I can be of any further assistance, please call me at the bank.
- You have always been willing to help me when I needed it, and I am glad to be able to give you a hand now.
Key Phrases
- always happy to
- am happy to work with you
- am happy to be able to
- are pleased that you chose us
- glad to be able to
- have always been willing to help
- have always been there for me
- have always considered you
- if I can be of further assistance
- if you have any questions
- my turn to help you
- please call me
- please keep me up-to-date on the progress of
- to assist you in this matter
- to give you a hand now
- to supply the financial needs of
- to help with such a worthwhile project
- when I needed help
- wish you all the best
- wish you the best of luck
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