These are sample easy formats for bank to reduce interest rat on different reason. Everyone can use these formats according to need. Necessary changes can be done.
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Sample Request Letter to Bank for Reducing Interest Rate
To,
Mr. Manager,
Atom and Sundry Bank System,
Texas, United State of America.
Subject: Requesting the bank for reducing interest rate on housing loan
Respected Sir,
It is to state with much care and respect that I am Mr.Lorre Layman and I am here with a purpose. I have an account here in this branch and two years ago, I had applied for the home finance loan. The amount was $7000 on interest ratio of 5 % that was agreed upon by both the parties, but yesterday the cashier asked me to pay the extra 5 % as bank had increased the interest rate from 5 to 10 %! I am a salaried person and it is nearly impossible for me to pay this much amount in ratio to interest. Kindly reduce the interest rate and make me thankful.Thank you and looking forward for a kind action.
Yours Sincerely,
Mr. Lorre Layman,
10th September, 2019.
Request to the Bank for Reduce Interest Rate on Overall Plans
To,
Mr. Regional Head,
Amen and Sundry Bank System,
Texas, United State of America.
Subject: Requesting for reducing interest rate on overall plans
Respected Sir,
It is to state with much reverence that I am Mr. Martin Layman. I was the banker myself few years ago, now I am a retired buddy and trying to open up my own private banking system. My effort of trying the bank was successful and just for two reasons. The reasons are:
provision of flexibility in paying the loan and reducing the interest rate up till 2 %. The scheme worked and now I have 30,000 customers at my bank. I am attached with this bank and I want you people to land on progress as well so I request you to reduce the interest rate on your all plans. I hope you understand my sincerest suggestion. Thank you and looking forward for a generous and prompt action.
Yours Truly,
Mr. Martin Layman,
10th September, 2019.
Sample Letter of requesting the bank to Reduce Interest Rate on Car Loan
To,
Mr. Manager,
Alan and Sundry Bank System,Texas, United State of America.
Subject: Requesting the bank to reduce interest rate on car loan
Respected Sir,
It is to state with due respect and honor that I am Mr. Yew Layman. I am having an account of mine in this prestigious bank and few months back, I had applied for a bank loan for the purpose of getting my own car. The amount was generously given to me that made me happy, but the sudden rise in interest rate is rather shocking for me. I am unable to pay this much interest ratio so, kindly reduce the interest rate on car loan. I am looking forward for a kind and prompt action. Kindly see to this matter on personal level and make me thankful.
Warm Regards,
Mr. Yew Layman.
9th September, 2019.