Loan Application Letter is a ready-to-use excel template which helps an individual to request a loan from his/her employer in just a few minutes.
Hence, enter your details, company details and your letter is ready. Also, This template consists of a pre-draft letter and thus there is no need to manually type the letter.
Loan Request Letter
An application requesting the employer for financial help in the form of loan to any personal purpose is called Loan Application Letter. Many companies have eligibility criteria for obtaining loans.
Here are 5 Loan Applications for 5 different purposes. These include the purchase of car, purchase of bike, marriage, sibling’s wedding and house renovation.
Financial help in tough times to employees is very encouraging for employees. Moreover, It is a gesture of humanity as well as shows that the employer’s care for his/her employees. Thus, This further helps in reducing the turnover Cost.
Loan Application Letter format
We have create a simple and easy Loan Application Letter Template with a pre-draft letter. Moreover, Just enter your details, employer details, and purpose of obtaining a loan along with the referral to the company policy. Your letter is ready to print.
Contents of Loan Application Letter Excel Template
Above all, This template consists of 2 sheets: Data Input Sheet and Loan Application Template.
Data Input Sheet
There are 4 sections in Data Input Sheet: Employee details, Employer details, Loan Details and Loan Purpose.
Firstly, Employee details consist of:
Name
Address Line 1
Address Line 2
City and State
Pin code
Ph. No.
Secondly, Employer details include:
Company’s Name
Authorized Personnel Name
Designation
Department
Address Line 1
Address Line 2
Thirdly, Loan Details section consists of the following heads:
Request Letter Date
Employee’s Designation
Associated/Employed Since
Loan Amount in figures
Loan Amount in Words
Tenure of Loan
Location
Loan Purpose
So, 5 generally used loan purposes have been given. However, These purposes have been used to create the dropdown list. You can also add your custom purpose other than this.
Loan Application Template
You can print all 5 types of letters just by entering the details in the Data Input Sheet and selecting any of the 5 purposes from the dropdown list. The cells are link to the data input sheet and it will automatically fetch the require data.