Business letter format for Loan
Dear sir / madam,
This letter is to insist you to pay the loan amount which you have got the amount before 7 years. Because of your poverty the bank has provided you the loan for Rs. 1000000/- as personal loan with minimum interest of 2 %.
Since your loan amount is low the bank provided you a very minimum EMI of Rs. 1500/- per month. But you have cheated all the money without paying the EMI also.
Regarding this we have given you enough of grace period yet the loan amount have not been returned. Here is your last chance to pay the complete amount and if you fail the next time we have to meet in police station.
Addressee name and signature