The zonal officer has the authority to approve larger loan amounts or loans that exceed the branch manager's discretionary limit. The zonal officer may also have a better understanding of the bank's overall loan portfolio and risk management strategies, which can help ensure that the loan is in the bank's best interests. Additionally, seeking the approval of a higher-level manager can help ensure that the loan is reviewed thoroughly and fairly, and that any potential conflicts of interest are avoided. This is a sample letter to the zonal officer to sanction a loan to your branch customer.
To
The Zonal Officer
Bank Name
Bank Address
Subject: Request for sanction of loan
Write a letter to the branch manager to claim the amount as a nominee to your father’s account
Dear Sir,
I hope this letter finds you in good health. I am writing this letter to request your assistance in sanctioning a loan for one of our valued customers.
The customer in question, Ajit Sahu, has been a long-standing member of our branch and has consistently demonstrated good credit behavior. They have approached us for a loan of five lakh for expanding their business. After reviewing their financial records and credit history, I believe that they are a viable candidate for the loan and will be able to repay it in a timely manner.
I would be grateful if you could sanction the loan at your earliest convenience. Our branch will ensure that all necessary documentation is in order and that the loan is disbursed smoothly.
Thank you for your time and consideration. If you have any questions or require further information, please do not hesitate to contact me.
Yours truly,
Your name
Bank Manager
Bank Name
Date:
Place:
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