22+ Sample Loan Application Letters – PDF, DOC
There are times when we need financial aid to push through with our education, business ideas, or other personal projects or goals which require a huge amount of money for its realization. It is for this reason that lending companies have been existing ever since the days of old. Today, the primary step to being taken by someone who wants to borrow money from another individual or institution is to write a loan application letter.
![sample loan application letters](https://images.template.net/wp-content/uploads/2017/04/Sample-Loan-Application-Letters-–-PDF-DOC.jpg)
The following examples of printable letters apply to loan purposes for COVID-19, small business template capital, personal loans, home loans, mortgage payment, education, car loans, wedding/marriage, medical emergency, foreclosure, and bank loans.
Loan Application Letter
Application for Loan Sample PDF
If you are planning to craft an effective loan application letter in pdf, it would be easier for you to make one if you refer to the loan application letters available on this page. These sample loan are available in PDF and loan word formats, thus making it easier for you to access and edit these should you deem it appropriate. Scroll down below to view our templates!
Simple Loan Application Letter
Application for Loan
Loan Letter Sample
![free loan forgiveness application letter template free loan forgiveness application letter template](https://images.template.net/wp-content/uploads/2017/04/Free-Loan-Forgiveness-Application-Letter-Template.jpg)
Loan Request Letter
![free calamity loan application letter template free calamity loan application letter template](https://images.template.net/wp-content/uploads/2017/04/Free-Calamity-Loan-Application-Letter-Template.jpg)
Letter for Loan Request
![free coronavirus covid 19 economic injury disaster loan application template free coronavirus covid 19 economic injury disaster loan application template](https://images.template.net/wp-content/uploads/2017/04/Free-Coronavirus-COVID-19-Economic-Injury-Disaster-Loan-Application-Template.jpg)
Formal Loan Purpose Application Letter to Senior Manager
![personal loan application letter personal loan application letter](https://images.template.net/wp-content/uploads/2017/04/10123814/Personal-Loan-Application-Letter.jpg)
Formal Event Management Small Business Letter
![business loan application letter business loan application letter](https://images.template.net/wp-content/uploads/2017/04/10124135/Business-Loan-Application-Letter.jpg)
Sample Vehicle Application Letter Example
![auto loan application letter auto loan application letter](https://images.template.net/wp-content/uploads/2017/04/11064516/Auto-Loan-Application-Letter.jpg)
Agricultural Office Vehicle Application Letter Template
![agricultural loan application letter agricultural loan application letter](https://images.template.net/wp-content/uploads/2017/04/17102016/Agricultural-Loan-Application-Letter2.jpg)
Sample Foreclosure Disbursement Application Form Letter
![bike loan application letter bike loan application letter](https://images.template.net/wp-content/uploads/2017/04/17103443/Bike-Loan-Application-Letter2.jpg)
Example Work Travel Agency Letter
![car loan application letter car loan application letter](https://images.template.net/wp-content/uploads/2017/04/17104014/Car-Loan-Application-Letter1.jpg)
Application Letter to Canadian Bank for Loan
![corporate loan application letter corporate loan application letter](https://images.template.net/wp-content/uploads/2017/04/13071506/Corporate-Loan-Application-Letter.jpg)
Sales Department Employee Application Letter Example
![employee loan application letter employee loan application letter](https://images.template.net/wp-content/uploads/2017/04/11053204/Employee-Loan-Application-Letter.jpg)
The Loan Application Process
Loans can be differentiated based on the purpose where they will be used. Any amount that is borrowed and will be under a loan transaction will be subjected to interest rates over time. A loan agreement serves as a formal document that can serve as proof that both the lender and the buyer are aware of the terms and conditions of what they have talked about. Before you sign a loan simple agreement, you must first be knowledgeable of the entire loan application process so you can take note of the responsibilities and obligations that you will be adhered to. A simple process of loan application is listed below.
- Before the loan contract, the borrower would send a loan application cover letter to the prospective lender to express his or her intent to ask for a loan.
- Afterward, when the lender has decided to consider the application for a loan made by the borrower, the borrower, and the lender would convene to negotiate the terms of the loan.
- First, the borrower is made to fill out a loan application form which is prepared by the lender. The aspects which are to be included in the loan application form are the following:
- The payment method, whether personal, through a check, online banking, etc.
- The number of times the payment is going to be made. There are various options. For example, the loan can be paid at one time, or it can be done in yearly or monthly installments.
- The amount of interest to be added on top of the loaned amount. The interest is the amount of money that is charged by the lender to the borrower on top of the amount which he/she has loaned. You may also see job reference letters.
- The assets (land, buildings, vehicles, or other properties) of the borrower would serve as collateral damage in case the borrower fails to make his/her payment on the time it is due.
Aside from loan application letters, we also have College Application Letter and Scholarship Application Letter which you can use for future needs. Simply click on their corresponding links.
Basic Senior Typist Home Loan Application Letter Template
![home loan application letter home loan application letter](https://images.template.net/wp-content/uploads/2017/04/11055915/Home-Loan-Application-Letter.jpg)
Mortgage Loan Application Letter with Boss Recommendation
![mortgage loan application letter mortgage loan application letter](https://images.template.net/wp-content/uploads/2017/04/11060610/Mortgage-Loan-Application-Letter.jpg)
Professional Medical Loan Facility for Cancer Treatment
![medical loan application letter medical loan application letter](https://images.template.net/wp-content/uploads/2017/04/11061034/Medical-Loan-Application-Letter.jpg)
Professional Education Application Letter Template
![professional loan application letter professional loan application letter](https://images.template.net/wp-content/uploads/2017/04/13073237/Professional-Loan-Application-Letter.jpg)
Request Urgent / Emergency Loan Letter for Borrowing Money
![urgent loan application letter urgent loan application letter](https://images.template.net/wp-content/uploads/2017/04/11062946/Urgent-Loan-Application-Letter.jpg)
Free Commercial Vehicle Application Letter Template
![vehicle loan application letter vehicle loan application letter](https://images.template.net/wp-content/uploads/2017/04/11063409/Vehicle-Loan-Application-Letter.jpg)
Loan Application Letter for Wedding/Marriage Template
![loan application letter for wedding marriage loan application letter for wedding marriage](https://images.template.net/wp-content/uploads/2017/04/Loan-Application-Letter-for-Wedding-Marriage.jpg)
Sample Staff Loan Request Application Letter for Covid-19
![sample loan application letter for covid sample loan application letter for covid](https://images.template.net/wp-content/uploads/2017/04/Sample-Loan-Application-Letter-for-Covid-19.jpg)
Things To Remember in Writing a Loan Application Letter
Here are some guidelines to help guide you in writing an effective loan application letter:
- Observe the proper rules for writing formal letters.
- State your intent to borrow a specific amount of money.
- Explain in detail the reason for borrowing money. You must be offering a clear, honest, and transparent explanation as to how you intend to utilize the money you intend to borrow. You may also see free application rejection letters.
- Enumerate your assets and liabilities.
- State the time, date, manner, and method which you prefer to make your payment.
For more reference, download our templates on this page. If you have other application needs, simply check our Business templates on our website’s archives. You can also use our collections of Job Application Letters and Employment Application Job Letters should you decide to apply for a job instead.
For the best experience, explore a wider range of loan application letters in google docs directly from our official website, template.net.