Loan Application Letter is a ready-to-use excel template that helps an individual to request a loan from his/her employer in just a few minutes.
Just enter your details, company details and your letter is ready. This template consists of a pre-drafted letter and thus there is no need to manually type the letter.
Furthermore, this Loan Application Letter is also available in other formats like Word, PDF, Google Doc, and Open Office Writer format. Just click the download button given below each image. The best part is that all these formats are editable and free to download.
Table of Contents
What is a Loan Application Letter?
An application requesting the employer for financial help in the form of a loan to any personal purpose is called Loan Application Letter. Many companies have eligibility criteria to obtain loans.
Here are 5 Loan Applications for 5 different purposes. These include the purchase of a car, purchase of a bike, marriage, sibling’s marriage and house renovation.
Financial help in tough times to employees is very encouraging to employees. It is a gesture of humanity as well as shows that the employer’s care for his/her employees. This further helps in reducing the turnover Cost.
Loan Application Letter Excel Template
We have created a simple and easy Loan Application Letter Excel Template with a pre-drafted letter. Just enter your details, employer details, and purpose of obtaining a loan along with the referral to the company policy. Your letter is ready to print.
You can also download the Loan Application Letter in PDF, DOC, Open Office or Google Doc format. Just download your desired format and start using it.
Loan Application – Purchasing Car
Loan Application – Purchasing Bike
Loan Application – House Renovation
Loan Application – Own Marriage
Loan Application – Sibling’s Marriage
Once you download the desired format, change the bold text to get your letter ready.
Let us understand the contents of the template in detail and how to use this template.
Contents of Loan Application Letter Excel Template
This template consists of 2 sheets: Data Input Sheet and Loan Application Template.
Data Input Sheet
There are 4 sections in the Data Input Sheet: Employee details, Employer details, Loan Details and Loan Purpose.
Employee details consist of:
Address Line 1
Address Line 2
City and State
Employer details include:
Authorized Personnel Name
Address Line 1
Address Line 2
Loan Details section consists of the following heads:
Request Letter Date
Loan Amount in figures
Loan Amount in Words
Tenure of Loan
5 generally used loan purposes have been given. These purposes have been used to create the dropdown list. You can also add your custom purpose other than the above mentioned.
Loan Application Template
You can print all 5 types of letters just by entering the details in the Data Input Sheet and selecting any of the 5 purposes from the dropdown list. The cells are linked to the data input sheet and it will automatically fetch the required data.
Printing the letter using the Excel file will look a bit different from Word. The cells have been designated to place the required data. Hence, there will more space near the credentials. We have given other formats for your ease.
Additionally, to send a pdf version use the inbuilt Microsoft to PDF option available in the print menu. See image below:
Thus, this template can be helpful to individual employees to create a loan application according to your needs in just a few minutes.
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