How To Write A Request Letter To Bank Manager To Waive Off The Interest?


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Tony Fyler Profile
Tony Fyler answered
The specifics of a letter to the bank manager asking them to waive interest would obviously have to be written in a way that relates to your personal circumstances. In general terms, it is advisable to write in a formal and polite manner, explaining as clearly as possible precisely what your reasons are for making the request.
Start the letter in a formal manner. If you don’t know the identity of the bank manager, write "Dear Sir/Madam”. If you know who you are addressing the letter to, then write "Dear Mr/Mrs Smith” for instance.
If you are a long-standing customer of the bank, then it may be beneficial to remind the bank manager of your loyalty and of your previous good record if you have a history of making payments on time. If you have an untarnished history of dealing with the bank then your request may be more generously received.
Although it would certainly be beneficial to put your request into writing, you may find it easier to explain your situation and make your request in person. This will allow you to argue your case more flexibly. Whereas the bank manager can easily ignore your letter if they do not want to grant your request, they would at least have to pay attention to your request if you went to see them face-to-face. After explaining the reasons for requesting the interest to be waived, you might find it useful to ask to arrange a meeting with the bank manager to discuss the situation further.
Finally, you should finish your letter by following the appropriate letter-writing etiquette. If you know the name of the person, you should use "Yours sincerely” then sign your name. If you don’t know the person’s name, you should instead use "Yours faithfully”.
Anonymous Profile
Anonymous answered
I guess all you have to write on the letter is what is inside your heart and be honest. Be sure that you can fulfill whatever you will promise. Sometimes, all we have to do is ask to get what we want.

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