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Loan Request Letter Template
Request a loan professionally with a clear amount, purpose, and repayment plan using this Loan Request Letter Template.
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Loan Request Letter Template
[Your Full Name / Business Name]
[Address]
[City, State, ZIP]
[Phone] | [Email]
Date: [Date]
To: [Lender Name / Bank Name / Individual Name]
[Address]
[City, State, ZIP]
Subject: Loan Request – $[Amount]
1. Request Summary
I am writing to request a loan in the amount of $[Amount]. I am requesting this loan for the purpose of [Purpose].
2. Borrower Background (Brief)
2.1 Borrower Name: [Your Name / Business Name]
2.2 Occupation/Business: [Job title / business description]
2.3 Time in Role/Business: [Years/months]
2.4 Current Income/Revenue (Optional): [Amount]
2.5 Credit/Payment History (Optional): [Brief summary, if appropriate]
3. Proposed Loan Terms
3.1 Requested Term: [__ months/years]
3.2 Proposed Repayment Schedule:
☐ Monthly payments of $[Amount] starting [Date]
☐ Lump sum payment on [Due Date]
☐ Other: [Schedule]
3.3 Interest (If Applicable): ☐ No interest ☐ Proposed interest rate: [__]% per year.
3.4 Collateral (Optional): ☐ None ☐ Offered collateral: [Description].
3.5 Payment Method (Optional): [ACH/check/other].
4. Ability to Repay
4.1 I plan to repay this loan using: [Income source/business revenue/contract payments].
4.2 Additional details supporting repayment: [Savings, guarantor, stable employment, etc.].
5. Supporting Documents (Optional)
5.1 If helpful, I can provide:
Recent pay stubs / proof of income
Bank statements
Tax returns
Business financial statements
References or credit references
Other: [List]
6. Closing
Thank you for considering my request. I am happy to discuss the loan terms and provide any additional documentation you need.
Sincerely,
[Your Full Name]
Signatures
Borrower/Requester: [Full Name / Business Name]
Date: [Date]
Signature: ___________________________
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Easy-to-understand jargon
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Learn more about
Loan Request Letter Template
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
Click below for detailed info on the template.
For quick answers, scroll below to see the FAQ.
LOAN REQUEST LETTER TEMPLATE FAQ
What is a loan request letter?
A Loan Request Letter is a written request for a loan, typically sent to a bank, lender, business partner, employer, or individual. It explains how much you need, why you need it, how you plan to repay, and what supporting information you can provide.
When should you use a loan request letter?
Use it when you want a clear record of your request and terms, especially for private loans or business lending discussions. It’s also useful as a cover letter for a formal loan application package.
What should be included in the letter?
Include: the requested amount, purpose, desired loan term, proposed repayment schedule, interest proposal (if any), collateral (if any), and your supporting details (income, business performance, credit history, references). This template includes optional sections so you can keep it short or more detailed.
Should you include a proposed repayment plan?
Yes, if possible. A reasonable repayment plan makes the request stronger and helps the lender evaluate risk. This template includes a short repayment plan section you can customize.
Do you need to attach documents?
Often yes, especially for business loans. This template includes a checklist of common attachments (financial statements, bank statements, tax returns) you can tailor to the lender’s needs.
What is AI Lawyer?
AI Lawyer is an AI-powered assistant that helps you create and customize legal and business document templates online. It guides you through key sections, suggests wording, and explains complex concepts in simple language. AI Lawyer does not replace a licensed attorney or provide legal advice, but helps you prepare better documents faster and more confidently.
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