How to write a foreclosure letter for Home loan from single account and joint account sample and formats are provided here.
1. Write a foreclosure letter for Home loan.
Anjali Sharma
12 Green Meadows, Block B
Civil Lines, Prayagraj 800001
Phone: 9876543210
Email: anjali.sharma@gmail.com
Date: January 21, 2025
To
The Branch Manager
State Bank of India
Boring Road Branch
Naini, Prayagraj 800002
Subject: Request for Foreclosure of Home Loan
Dear Sir/Madam,
I hope this letter finds you well. I am writing to formally request the foreclosure of my home loan with State Bank of India, which was taken for the property located at 12 Green Meadows, Block B, Civil Lines, Prayagraj.
Here are the loan details for your reference:
- Loan Account Number: 765432109876
- Date of Loan Disbursement: January 10, 2022
- Loan Amount: ₹15,00,000
- Outstanding Loan Balance: ₹5,20,000
- Name: Anjali Sharma
- Contact Information: 9876543210 / anjali.sharma@email.com
I have successfully arranged the required funds and would like to clear the outstanding balance in full. Please let me know the total amount due for closure, including any applicable fees or charges. I request you to process this foreclosure at your earliest convenience and provide me with a formal statement confirming the closure of my loan.
Please advise on the procedure for payment and the final documentation required to complete this process.
Thank you for your prompt attention to this request. I look forward to your confirmation.
Yours sincerely,
Anjali Sharma
2. Write a Home loan Foreclosure letter for joint account.
Neha Sharma
123, Green Avenue,
Delhi – 110001
Phone: 9876543210
Email: neha.sharma@email.com
Date: January 23, 2025
To,
The Branch Manager,
HDFC Bank
Connaught Place Branch
Delhi – 110001
Subject: Request for Home Loan Foreclosure (Joint Account)
Dear Sir/Madam,
I hope this letter finds you well. I, Neha Sharma, along with my co-borrower Rajeev Sharma, holding a joint home loan account under the account number HDFC-1234567890, would like to request the foreclosure of the loan as per the terms and conditions of the loan agreement.
We have made all the necessary payments to clear the outstanding dues and wish to close the loan. Kindly provide us with the required details regarding the outstanding amount, including any prepayment penalties, if applicable. We request you to initiate the foreclosure process at your earliest convenience.
Please let us know the steps to complete this process, including the submission of any required documents and the payment of any outstanding charges. We would appreciate it if you could provide us with a No Dues Certificate upon successful closure of the loan.
Thank you for your prompt attention to this matter. We look forward to your cooperation and assistance in completing the foreclosure process.
Sincerely,
Neha Sharma
Rajeev Sharma