Loan Closure Letter

A loan closure letter is issued to employees who have availed of loans from the Company for their personal use and have fully repaid them either through their salaries or by direct repayments. This letter will be retained by the employee as an official note that he/she owes nothing more to the Company as far as the loan transaction is concerned.

This letter template is available for download in Word format.

With this Loan Closure Letter template you can:

• Convey officially to employee
• Be precise
• Update records of payroll & finance departments
• Standardize the content

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

• Loan issuance reference
• Date of closure
• Details of repayment
• Further documentation, if any