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[Senders Name]
[Address line 1]
[Address line 2]
[State, ZIP Code]

Sample Letter #2: Approve a loan

[Letter Date]

[Recipients Name]
[Address line 1]
[Address line 2]
[State, ZIP Code]


[Subject: Normally bold, summarizes the intention of the letter] -Optional-


Dear [Recipients Name],



We are pleased to inform you that your car loan application for $5,000.00 has been reviewed and approved. We can offer you a payment scheme for 3 years at an interest rate of 7%. We expect a 5% down payment one month after loan approval, after which you will be paying the specified monthly amortization rate until the loan has been completely paid. Kindly get in touch with us at 333-3333 for confirmation and further inquiries. Ibiza Financial Services is happy to serve you.



Sincerely,

[Senders Name]
[Senders Title] -Optional-

[Enclosures: number] -Optional-

cc: [Name of copy recipient] -Optional-

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