Bank Proposal Letter Format For Business Loan

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How to write a bank loan proposal to Head Office:

 

Template - 1

Ref: ACBL/INV/2003/xxx
Date: April 05, 2003

The Deputy Managing Director
Credit Division
ABCD Commercial Bank Ltd.
Head Office, Dubai.

Subject: Proposal for sanctioning a CC loan limit of Rs. 300.00 Lac vg. M/s. Jahur Enterprise and adjustment of existing CC loan limit Fvg. M/s. Jahur Trading.

Dear Sir,

We have been approached by Mr. Jahur Majumder, Proprietor of M/s. Jahur Enterprise to sanction a CC loan limit of Rs. 300.00 Lac for smooth running of his business.

It may be mentioned here that Mr. Jahur Majumder has been conducting import of various food items including Household items for the last 10 years with good market reputation. He has been enjoying a composite credit facility of Rs. 100.00 Lac in the name of different firms under his Proprietorship. His business performance with us is satisfactory and repayment is also very good.

At present he desires to enjoy CC loan limit of Rs. 100.00 Lac in the name of his proprietary concern M/s. Jahur Enterprise within his existing composite limit by adjusting the existing CC loan limit in the name of M/s. Jahur Trading due to his business policies. The liability created in the name of M/s. Jahur Trading will be adjusted from his own source. It is mentionable here that M/s. Jahur Enterprise is also enjoying the PP & LTR credit limit within their existing composite limit. Mr. Jahur Majumder is the proprietor of the both concerns.

Recently Mr. Jahur Majumder has visited to our Branch & held a threadbare discussion with the undersigned and assured to route down large volume of business with us.

In this connection we furnished the following information of the account for your kind perusal:

Credit liability position as on 30.01.2003
(Figure in Lac Rs.)

Name of the Concern

Facility

Credit Limit

Outstanding as on 30.01.2003

Jahur Trading

CC

100.00

102.00

Jahur Enterprise

PP

100.00

10.00

LTR

50.00

30.00

Total

250.00

142.00

Business Performance Position – Year 2002

Name of the Concern

No. of documents

Amount in Lac Rs.

Jahur Trading

20

510.00

A. H. Enterprise

14

470.00

Income from Client

Nature of Credit

Amount

Commission

2.00

Profit on LTR

10.00

Profit on PP

1.00

Total

13.00

In light of the facts stated as above along with a consideration of his business entity, market reputation, financial position and business connection with the elites, we would request to sanction CC credit limit of Rs. 300.00 Lac in favour of M/s. Jahur Enterprise at your earliest.

Yours faithfully,

____________
Iqbal Hossain
Branch Manager, Mumbai


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