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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 & 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.

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.