Loan Rejection Cover Letter

XYZ Bank
19665 Holt St. NW. Elk River, MN  55220
Phone: (763) 414-4510. Fax: (763) 414-4512.
xyzbankusa.com 

June 1, 2010

Mr. Leonard I. Hudson
265 Worthington Drive
Plano, TX 75024

Dear Mr. Hudson

With reference to your loan application dated mm/dd/yy for the amount of $XXXX.YY we are sorry to inform you that the requested amount just can’t be sanctioned currently due to number of reasons. First of all the supporting documents for the loan as required by us disqualify you. Moreover the poor credit history further prohibits the financial institution from sanctioning the loan of the aforementioned amount.

However this doesn’t mean in any manner whatsoever end of the world. As once your financial standing gets better with the minimum external business risks we’ll be more than pleased to reassess and reevaluate the loan application. We are anticipating you to comprehend our limitations that need to be universally similar for all the customers.

Thus on behalf of XYZ bank I express my sincere thankfulness for your trust and confidence that you have shown so far by dealing with us. In case you have any query regarding the consideration process of your loan application in depth then you are welcome to contact us through any of the above mentioned medium.

Sincerely

James M. Black
Loans Manager