Personal Loan Demand Letter Template

[Sender / Creditor Full Name]
[Sender Business Name, if any]
[Street Address]
[City, State/Province, ZIP/Postal Code, Country]
Phone: [Phone Number]
Email: [Email Address]

[Date]

[Borrower Full Name]
[Borrower Business Name, if any]
[Street Address]
[City, State/Province, ZIP/Postal Code, Country]

1. Subject

Subject: Demand for Payment – Personal Loan dated [Loan Date]

2. Reference to Personal Loan

Dear [Borrower Name],

This letter is a formal demand for payment of the personal loan you received from me/us and have not repaid as agreed.

Loan Reference Details:

• Lender / Creditor: [Creditor Name]

• Borrower: [Borrower Name]

• Date of Loan / Promissory Note: [Loan or Note Date]

• Original Principal Amount: [Original Principal Amount]

• Loan / Reference Number (if any): [Loan or Reference Number]

3. Amounts Due

As of [Calculation Date], our records show that the following amounts are due and owing under the loan:

• Unpaid Principal: [Unpaid Principal Amount]

• Accrued Interest (if applicable): [Accrued Interest Amount]

• Agreed Late Fees or Other Charges (if applicable): [Amount or “None”]

Total Amount Now Due: [Total Amount Due]

If interest continues to accrue under the loan terms, the total amount due may increase after [Calculation Date].

4. Demand for Payment and Deadline

You are hereby requested and demanded to pay the Total Amount Now Due no later than:

Payment Deadline: [Deadline Date]

If payment is not received in full by the Payment Deadline, I/we may consider taking further steps to recover the amount owed, which may include formal collection efforts or legal action, subject to applicable law.

5. Payment Instructions

You may make payment as follows:

Payment Method: [Bank Transfer / Check / Other]
Payee: [Payee or Account Name]
Bank / Institution: [Bank or Institution Name]
Account Number / IBAN: [Account Number / IBAN]
Payment Reference: [Reference to Include]

If you prefer to pay in another way, please contact me/us in writing or by phone before the Payment Deadline to confirm acceptable arrangements.

6. Opportunity to Discuss or Dispute

If you believe that the amount stated above is incorrect, that you do not owe this debt, or that there is some other issue affecting your ability to pay, you should contact me/us in writing at the address or email listed above as soon as possible and no later than [Response Date, if any].

We may be willing to discuss a reasonable repayment plan or other resolution, but unless we agree in writing to different terms, the full Total Amount Now Due remains payable by the Payment Deadline.

7. Reservation of Rights

Nothing in this letter waives or limits any rights or remedies available to me/us under the loan agreement, promissory note, or applicable law. All such rights and remedies are expressly reserved.

8. Closing

I/We hope to resolve this matter promptly and without further action. Please treat this letter as a serious and final opportunity to bring the loan current by paying the amount due by the Payment Deadline stated above.

Sincerely,

[Signature of Creditor or Authorized Representative]
[Printed Name]
[Title, if signing on behalf of a business]

Signatures

Creditor / Lender:
Signature: _______________________________
Printed Name: [Creditor Full Legal Name]
Title (if business): [Title]
Date: [Date Signed]

Borrower Acknowledgment of Receipt (optional):
Signature: _______________________________
Printed Name: [Borrower Full Legal Name]
Date: [Date Signed]