WRITING AN EMERGENCY LOAN REQUEST LETTER (WITH SAMPLE)

An emergency loan based on salary is an inexpensive way to get money for an emergency. The borrower needs to send an emergency loan request letter that specifies the relevant personal information, gives the time frame for the loan and may state the reason it is required because it may help convince the lender when he or she is considering the request. 

An emergency loan against salary can be requested from a bank where the person’s salary is regularly deposited or from an employer who can deduct payments from the employee’s salary.

There are also lending companies that will give a loan against the person’s salary, but these may require a higher interest rate.

An employee should ask the company’s human resources department if there are any policies for emergency loans. Any required forms need to be filled out and enclosed with the letter.

In some cases, it is recommended that employees use emergency loans as a last resort after looking into other avenues for a loan. The letter should also state that the request is a one-time occurrence. 

Is Employee in Financial Difficulty?

The borrower should understand that asking for an emergency loan request could tell his or her employer that the employee is in financial difficulty. This may cause the employer to request a financial review of the employee’s finances. 

However, if the amount is not large, and the reasons are given along with documentation that proves the reasons, an emergency loan or advance shouldn’t be a problem. 

However, if the amount is not large, and the reasons are given along with documentation that proves the reasons, an emergency loan or advance shouldn’t be a problem. 

Emergency Loans are Usually Small Amounts

Emergency loans are usually requested for a small amount that can be easily repaid with deductions from the borrower’s salary. The amount of repayment should not be so high as to jeopardize the ability of the employee to meet monthly living expenses. 

Below is a sample emergency loan request letter written to an employer and a sample letter written to a bank.

The letters should be written in formal business style, and if there are any forms required by the bank or employer, they should be included with the letter. It should be sent by certified mail and a copy kept by the sender.

Sample Roof Repair Emergency Loan Request Letter

Name of Applicant
Address of Applicant
City, State, Zip Code

DATE

Name of Loan Officer
Name of Bank
Address of Bank
City, State, Zip Code

RE: Request for emergency loan against my regularly deposited salary

Dear Name of Loan Officer:

I have had a savings and checking account in Name of Bank for the past eight years, and my salary has been regularly deposited in my account for the last five years. I have never had an overdraft, and there is always a good balance in my savings account. 

Based on my stable financial situation, I am applying for a loan for the amount of $10,000 to make repairs on my home. It is imperative that my roof be replaced within the next three months before winter starts.

I have enclosed the estimate from the contractor for the repair job as well as photographs of the damage to my home from the leaks in my roof. I would like you to regularly deduct the loan payments so as to repay the loan in 12 months. 

I have also enclosed the completed forms required by the bank for this type of loan. I can be reached at Phone Number or Email Address if you have any questions. As my situation is urgent, your prompt approval of my request would be appreciated.

Thank you for taking the time to consider my request.

Sincerely, 

Signature of Applicant
Printed Name of Applicant
List of Enclosures

Sample Plumbing Emergency Loan Request Letter

Name of Employee
Address of Employee
City, State, Zip Code

DATE

Name of Employer
Address of Employer
City, State, Zip Code

RE: Request for emergency loan to be repaid from my salary

Dear Name of Employer:

This is a formal request for a loan of $1500 to be repaid with a deduction from my salary each month. I would like to repay the loan within 12 months. I require the money to pay for renovations to my home.

After a plumbing emergency, the carpet in my living room, dining room and one bedroom was ruined beyond repair. The estimate from the contractor is $1500 to lay new carpet in three rooms. 

The carpet has begun to mold, and is considered unhealthy as it pollutes the air. My wife and I have moved in with my mother until we can get the carpet replaced. I have enclosed the contractor’s estimate, the mold assessment from the county health department and the required loan forms. 

The loan will be repaid with installments that can be deducted from my salary every month until the loan with interest is repaid. I can be reached at Phone Number or Email Address to discuss the terms of the loan. 

Thank you for considering my emergency situation.

Sincerely,

Signature of Employee
Printed Name of Employee
List of Enclosures

By Andre Bradley