Credit approval letter is an official letter which is approved by the bank to notify the client or customer that their application for certain credit term has been approved. The letter also contains the terms and conditions of the limit of credit and also about the rate of interest which is fixed on the credit.
The contents which should be included in credit approval letter are the name of the client, his address, his contact number, email address, account number and other relevant details. The correct date of approval should also be mentioned in the letter and describe when an account can be activated. You can also grant the customer about the approval of credit. You can use good proofreading software to make sure that your credit approval letter is communicative and professional.
A credit approval letter is usually written in reply of a request of the client or customer. Always use a courteous tone in your letter and make sure that you have included all the details and information in your letter. The letter should always be straight forward and business oriented. The writing style of letter should be relaxed and friendly. Mention the reasons of approval. If any further action is required by the client then you can also state that clearly in your letter. With the help of credit approval letter you are giving a customer a permission to open his account in your bank or credit company.
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