Tag Archives: Reduce Interest Rate on Car Loan

Request Letter to Bank for Refund of Excess Interest Charges

These are three sample formats, free to use for anyone who requires, asking for a refund from the bank for excessive interest charges. You can modify it according to your need. Necessary changes can be done.

Request Letter to Bank Manager for Refund of Charges

To,
——————
Address: —————
—————————

Date: __________

From,
—————————— (Name)
Address: ——————-
———————————

Subject: Request for Review of Bank Documents

Dear Ma’am/ Sir,

My name is ________, and I have been a regular client to your bank for _______. Bank ______ has been my primary financial partner, and I have even been a golden card member. I have never had a single complaint against the bank until recently.
Last month, I was charged an excessive amount of ______. I am dumbfounded because the mentioned interest charge in the updated list is ______, and am sure that this must be a technical error on your part. I have been charged an excessive amount of ________.
Usually, when the bank makes a transactional error, the transaction is reversed within 2-3 working days. However, it has been a week right now, and I am having growing concerns. I would appreciate it if you would please clear the matter out, or inform me of any information that I am missing.

I hope to hear from you urgently. Thank you.

Letter Complaining about the Interest Charges

 To,
——————
Address: —————
—————————

Date: __________

From,
—————————— (Name)
Address: ——————-
———————————

Subject: Asking for a Review of Bank Charges

Respected Madam/ Sir,

My name is ________ and my customer ID is _________. I have been a holder of _____________ account in your bank and have been a member of your bank’s client services for _______ years. Last year, I took out a loan for the amount ______ and was told that I would be charged a yearly amount of _______ on the basic amount.
Last week, however, I was charged an amount of ______, which is _______ in excess of what I should actually be charged. I am writing this letter so that I may request that you please revise this transaction, and credit me my amount back.
I understand that sometimes transactions are carried out in such a way that mistakes are made, and if that is the case, I would wholeheartedly comprehend. On the other hand, if there is a revision of charges, and I am rightly charged with this amount, then I would feel uneasy because I was not told that this would be happening.

I am eagerly waiting for your response.

Thank you.

 Sample Letter to Bank for Refund of Charges

 To,
——————
Address: —————
—————————

Date: __________

From,
—————————— (Name)
Address: ——————-
———————————

Subject: Issue with the Interest Charge

Dear Sir, Ma’am, My name is ________, and I am a relatively new client of the bank. Last month, I took out a cash loan for the amount of ______ and was told that according to the bank’s by-law, I would be charged a monthly amount of _______. I agreed to the terms and moved forward with my contract with no hesitation.
Right now, however, I experienced a very irrational transaction against my account. This month, my account was charged with ______ amount. This is ______ more than what it actually should be.
I hope that it is an honest mistake on _______’s part, if it is not, then I would be extremely upset with the bank’s actions. I have attached a copy of the contract that I had signed with the bank, as well as a copy of the bank statement indicating the amount that was credited out of my account this month.
Right now, I feel extremely distressed and am waiting for a hurried response from you.

Please reply back as soon as is convenient,

Thank you.

Sample Request Letter to Bank for Reducing Interest Rate

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.

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.