Name/Title Mary Roe
Address 795 E Dragram
City, State, Zip Code Tucson, AZ, 85705
Subject: Authorization of the credit applied
Dear Jim,
This is in regards to your home loan application for an amount of $400000 on 1st June. We would like to inform that your loan amount has been authorized.
Our bank policy is to check the credit rating of the individual applying for the loan. We done the same and have found that you have good credit rating. Therefore there is no issue from your end to give you the loan. Please note the loan will have 10% interest and 10% down payment which you need to pay us within one month.
We are enclosing a form along with the letter which you need to sign and return. And we would like to meet you once to explain you the term and conditions.
Regards,
Roger Moore
Credit Manager
National housing Loan