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This is a loan closure letter template. This template is for an employee who borrowed a personal loan from the company and is requesting loan closure from the employer. Most commonly, a loan will be closed when a person has fully repaid it. In the case of an employee borrowing from the company, the loan can be fully repaid with his personal savings or his salary.
This document should be carefully read by the Employee.
The Employee should ensure that all the details regarding the loan are entered correctly. The letter can be customised by choosing an appropriate reason for loan closure.
The Employee may attach any documents to support the request for the loan closure with the letter so that the request can be processed smoothly by the Employer.