Wednesday, December 28, 2016

Sample Letter to Bank for Reducing Interest Rate


Sample Tender Submission Letter

Revise Interest Rate Letter

Ref No: [insert]

December 28, 2016

Name of Addressee
Designation
Name of Bank
Name of Branch
Address

Sub: Reduction of Existing Interest Rate against Loan A/C # [insert Account No].

Ref: Loan Sanction Letter No: [insert number] dated [insert date].

Dear Sir,

We have been maintaining the above loan account since [insert year]. During this long tenure we have been loyal enough to pay the interest as per your stipulated rate.

We believe you are aware that at present our country is undergoing a huge setback in business due to a number of adverse factors, such as socio-political crisis, recession, etc. As a result, the current socio-economical climate is not suitable for running steady business. In this case, we are also not an exception since we are continually struggling for our existence with the present economical change. Moreover, we are burdened with paying bank interest @ [insert percentage]%, which is gradually decreasing the possibility to save our business. Therefore, we would highly appreciate if you kindly fix our interest at lowest rate.

We shall be ever grateful if we get an affirmative response for reduction of existing bank interest from your end.

Thank you in advance for your kind consideration.

Yours faithfully,

Handwritten Signature
(Name of Loanee)
Designation
AC No: [insert]

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