To,
Jim Courier
56 Green Wood Road
New York, New jersey 5678
Dated: 12th of June 2011
Subject: Authorization of the credit applied
Dear Jim,
This is in regards to the home loan applied by you for an amount of $50000 on 1st of June 2011. We would like to inform that your loan amount has been authorized.
After an individual applies for loan from us we do a credit check on the individual. We check the credit history and credit rating of the person. We have done a similar check on you and we found that you have a good credit rating. There is no outstanding amount from your previous loan and you have always made timely payments. The loan authorized will be for a period of ten years and the interest amount charged will be 10% compounded annually.
We are enclosing a form along with the letter which you need to sign and return.
Regards,
Roger Moore
Credit Manager
National housing Loan