Loan Disbursement Letter
Loan Disbursement Letter
Date: September 3, 2050
Emie Howell
Albuquerque, NM 87101
Dear Emie Howell,
We are pleased to inform you that your loan application has been approved and the loan amount of $30,000 is now ready for disbursement. This letter serves as confirmation of the loan disbursement and provides details regarding the distribution of funds.
The disbursed amount of $30,000 will be deposited directly into your designated bank account with Oakwood Savings Bank. The transaction is scheduled for September 10, 2050. Please ensure that your account details are correct and up to date to facilitate a smooth transfer.
Enclosed with this letter, you will find the loan agreement and a breakdown of the disbursement schedule. The agreement outlines the terms of the loan, including the interest rate of 4.0% per annum, repayment period of 5 years, and the monthly payment amount of $555.24.
The loan will be repaid over a period of 5 years with a monthly payment amount of $555.24. The interest rate applied to this loan is 4.0% per annum. Detailed terms and schedules are provided in the enclosed loan agreement.
If you have any questions or require further assistance regarding the disbursement or loan terms, please contact our loan officer at [Your Email].
Thank you for choosing [Your Company Name]. We look forward to supporting your financial needs and assisting you throughout the loan term.
Sincerely,
[Your Name]
Loan Officer
[Your Company Name]
[Your Email]
