Credit Department Head
United Finance Limited
67 Universal High Street
New York, New Jersey 6789
Dated: 12th of May 2011
Subject: Letter of credit
Respected Mr. Close,
I would like to apply for credit from your financial institution for an amount of $3000. The credit will be in the form of a car loan.
I am planning to buy a new car, but I need the amount required for down payment. I am currently working in the position of a customer care executive for Genesis Private Limited and have a monthly income of $2000. I agree to repay the car loan in five years time. I am aware about the 15% interest rate on the loan and agree to pay that too.
I would be highly grateful if you consider my application and process my car loan. I am enclosing a copy of my employment details and other documents with this letter.
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