Sample Letter from Bank to Customer Rejecting a Loan Application

From
(Bank Name)
(Address)

To
(Name)
(Address)

Re.: Your application for loan

Dear Sir,

With reference to your application for loan dated ____________, we have to say that it is against the bank policy to sanction loan for buying a ____________ (Product Name). I regret to say ‘no’ to your request but hope that you will appreciate that we cannot go against bank regulations

We trust you will avail yourself of our other services.

Yours faithfully,
(Your Name)
Branch Manager
Dated __________