From
(Bank Name)
(Address)
To
(Name)
(Address)
Re.: Your application for loan against Fixed Deposit
ADVERTISEMENTS:
Dear Sir,
We are in receipt of your application dated ____________ seeking details and terms of loan against fixed deposit No. ____________ with us.
We have to inform you that loan can be allowed against your fixed deposit receipt up to 90% of the deposit amount. The rate of interest charged will be three percent higher than what is allowed on your fixed deposit and will be charged at quarterly rests.
If you are interested, then please call on us during working hours any day along with your Deposit Receipt duly discharged on a revenue stamp and execute the necessary documents. We assure you the service at our end will be prompt and quite satisfactory to you.
ADVERTISEMENTS:
Yours faithfully,
(Your Name)
Branch Manager
Dated __________