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LOAN REQUEST LETTER

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LOAN REQUEST LETTER

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000123
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

This Loan Request Letter is used by a prospective borrower to a potential lender asking the lender to put up a proper proposal to the borrower. It seeks to formalise contact that the two parties should already have had, possibly by telephone, email or in a face-to-face meeting, where the borrower has discussed their financing needs with the lender. This letter seeks to put the borrower’s request for a loan in a more formal context.

Description

The letter sets out the growth objectives of the borrower and the desire for a loan in order to finance this growth. It invites the prospective lender to put together a financing proposal along the lines that the parties are likely to have informally agreed.

Jurisdiction

This letter is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

  • The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
  • Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
  • Please remove the square brackets and all highlighting prior to signature.