Loan Rejection Letter from Bank

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Loan Rejection Letter from Bank

[DATE]

Dear [RECIPIENT NAME],

With reference to your application for a loan dated [DATE 1], we regret to inform you that it is against the bank policy to sanction a loan for the purchase of [PRODUCT/SERVICES]. Therefore, we cannot grant your application.

We hope that you will understand and appreciate the fact that we cannot go against bank regulations.

For any further information or queries regarding the same, please feel free to call us at [PHONE NUMBER] or email us at [EMAIL ID].

Regards,

[YOUR SIGNATURE]

[YOUR NAME]