Bank Loan Application Cover Letter Example

Updated on: August 24, 2019

Most bank applications will require you to write a cover letter in order to apply for a loan.

A letter of this sort needs to provide information about why you are applying for the loan in the first place.


Apart from your reasons to apply for the loan, you need to also mention where and how you will be spending it, and how you intend to return it.

There can be many reasons for you to apply for a bank loan. Education, building a house, medical expenses, and personal use are just some of them.

Whatever your reason is, make sure that you mention details.

Specifying the loan amount is also important in your cover letter for a bank loan application.


Even though this information will be available in the loan application form, it is best to provide it here as well.

Here is how you can write a cover letter for a bank loan application:

Bank Loan Application Cover Letter Example


August 24, 2019

Mr. Julian Wyatt
Loan Officer
Bank of America
7155 7th Avenue
Rock Springs, WY 10093


Dear Mr. Wyatt:

This is with reference to the enclosed bank loan application form. I am requesting a loan of $5000 from the Bank of America, the details of which I have already provided in the application form.

I had saved up what I thought would be enough to build an extension to my house, and all was going well until I realized that the rate of inflation had gone up significantly. Now, I am short of money, but I really need to get this project going. I have developed an excellent return plan, through which I can return the loan 6 months earlier than the tenure that I qualify for. I will discuss this in person with you if required. In any case, I will be giving postdated checks to you so that there is no confusion. Also, my bank statement is attached with this letter which provides you with a profound view of my salary and bonuses, allowing you to make an informed decision about my ability to return the loan.

I would appreciate it if you would process my loan application as soon as possible, so that the work on my house does not stop for too long. If you need any further information to augment my application, please contact me at (000) 879-3327.

Thank you in advance for your consideration.




Adam Ryder

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