Learn how to write a loan confirmation letter. Use our sample loan confirmation letter as a template for your confirmation letter.
Loan Confirmation Letter sample
Your Name
Your Address
City, State, Zip Code
DATE
Receiver’s Name
Receiver’s Address
City, State, Zip Code
RE: Financial agreement between [Your Name] and [Receiver’s Name] in [Name of State].
Dear [Receiver’s Name]:
Based on our phone chat on [Date], this letter is a legal financial agreement. It outlines our arrangement, under which I will grant you $5,000, which you will repay in $200 increments each month with no interest for 25 (twenty-five) months, with the last payment due on [date].
Please examine the conditions of our financial agreement and sign the letter and submit a copy to me if you agree to all of the terms. If you don’t agree with the terms, please let me know so we can work out a compromise.
Terms of Financial Agreement with Name of Receiver:
This financial agreement is between [Your Name], Your Address, Your Phone or Email of Sender and [Receiver’s Name], [Receiver’s Address and Phone or Email].
The amount of $5,000 (five thousand dollars) will be paid to [Receiver’s Name] by [Your Name] on [Date].
It will be repaid by [Receiver’s Name] to [Sender’s Name] in $200 amounts on the first of each month for 25 months starting [Date] with the last payment on [Date].
The payment will be made by personal check that, when cashed and returned, will be the receipt for the payment.
I, [Your Name], agree with these conditions.
Signature [Date]
Your Name
I, [Receiver’s Name], agree with these conditions
Signature [Date]
Your Name
