Loan Approval Letter

A loan approval letter is issued to an employee who avails of Company loan for personal use. The letter defines the policy, terms & conditions of availing such loans. It will mention the tenure of repayment and how the repayment of such loan from the employee should happen.

This letter template is available for download in Word format.

With this Loan Approval Letter template you can:

• Communicate precisely to employee
• Accurately record the transaction
• Record agreement of both parties
• Ensure all points are covered

In just a few minutes you will be able to create loan approval letters for your employees. This template covers vital information like:

• Loan reference number
• Date of loan sanction & payment to employee
• Interest on loan, if any
• Number of installments and monthly amount
• Mode of repayment