Free Loan Application Rejection Letter Template
Loan Application Rejection Letter
July 5, 2050
Carmel Ryan
456 Elm Street
Springfield, IL 62701
Subject: Notification Regarding Loan Application Decision
Dear Ms. Ryan,
Thank you for your recent application for a loan with [Your Company Name]. We appreciate your interest in our services and the effort you have put into your application.
After a careful review of the information provided, we regret to inform you that we are unable to approve your loan application at this time. This decision is based on the fact that certain aspects of your financial profile, such as your current credit history, do not meet the minimum requirements outlined in our lending policies.
Please understand that this decision does not reflect on your character or potential. We encourage you to review your financial situation and credit history, as improvements in these areas may increase your eligibility for future applications.
Additionally, you are entitled to obtain a free copy of your credit report from the credit reporting agency used in our evaluation. You may also dispute any inaccuracies directly with the agency if necessary.
We truly value your interest in [Your Company Name]. If you have any questions or would like guidance on alternative financial solutions, please do not hesitate to contact us at [Your Company Number] or via email at [Your Company Email].
Thank you once again for considering us for your financial needs. We wish you success in finding the right financial solution.
Sincerely,
[Your Name]
Loan Officer
[Your Company Name]
