______________ [mention the name of the recipient]
______________ [name and address of the company seeking loan]
Date: ________ [date on which the letter is written]
Subject: legal loan agreement letter
Respected Sir ________ [salutation],
This letter is to inform that the undersigned ___________ [mention the name of the company or the person or the borrower of the loan], under the laws of state ________ [mention the name of the state] has sincerely requested for ___________ $ loan [mention the amount of loan requested] from ___________ [mention the lender], for the purpose of ____________ [mention the stated purpose for loan].
Lender has carefully considered all the legal procedures, past records, history and other important information of the borrower and is agreeing to provide a loan of ________ $ [mention the amount]. The enclosed document underlines the terms and conditions on which the loan has been agreed. Borrower and lender hereby agrees to follow that ___________________________________________________________ [mention the loan agreement conditions that are being mutually agreed by the lender and the borrower].
This loan agreement letter represents the final agreement between both the parties. Any unwritten oral agreements between the parties would not be entertained.
____________ [sender’s name]
____________ [sender’s details]