Free Loan Buyout Letter Template
Loan Buyout Letter
July 1, 2067
[Recipient's Name]
[Recipient's Address]
Dear [Recipient's Name],
I write this letter to formally express my intent to buyout my loan account [your loan account number] with your esteemed organization. I believe that this move will prove beneficial for me financially and will allow me to better manage my finances. Going through my current loan contract, I understand that there could be penalties that may be applied due to my decision to prepay the loan.
I kindly request that you provide me with a complete statement of my account reflecting the outstanding balance, any penalties, and any other charges that may be applicable. I am hopeful that we can find a fair solution that respects the mutually agreed-upon contract while also facilitating my intent to buy out.
My decision to apply for a loan buyout does not reflect any dissatisfaction with [Loan Buyout Organization Name] and its quality of services. Indeed, I am very appreciative of the support your organization has provided me over the course of my loan. This decision is purely a financial one, and I hope it will be met with understanding.
I am eager for an amicable conclusion to this process. I kindly request your assistance in making this transition smooth and uncomplicated. I appreciate your time and consideration on this matter. Please feel free to contact me via email at [your email] or phone at [your phone number] should you require any further clarification or documentation.
Thank you for your time, and I look forward to your prompt and positive response.
Best regards,
[Your Name]
