{"id":3216,"date":"2014-09-29T12:27:46","date_gmt":"2014-09-29T12:27:46","guid":{"rendered":"http:\/\/www.club4ca.com\/formats\/?p=3216"},"modified":"2022-04-19T06:38:25","modified_gmt":"2022-04-19T06:38:25","slug":"sample-letter-of-reminder-for-late-payment-of-loan","status":"publish","type":"post","link":"https:\/\/www.club4ca.com\/formats\/accounts\/sample-letter-of-reminder-for-late-payment-of-loan\/","title":{"rendered":"Sample Letter of Reminder for Late Payment of Loan"},"content":{"rendered":"<p style=\"text-align: justify;\">Banks need to keep a sincere record of payments of the loans. If there is has been a delay in payment from any of the customers then the bank must send them letters of reminder for late payment of loan. This letter will request them to make quick payments in order to avoid any kind of inconvenience. Here is a sample given below for your reference. You can use this template for writing a personalized formal letter mentioning all important information like the account no., the amount to be deposited and the duration within which the customer needs to act.<\/p>\n<p style=\"text-align: justify;\"><strong>Format for Letter of Reminder for Late Payment of Loan<\/strong><\/p>\n<p style=\"text-align: justify;\">From:<\/p>\n<p style=\"text-align: justify;\">The Manager,<\/p>\n<p style=\"text-align: justify;\">National Bank,<\/p>\n<p style=\"text-align: justify;\">1234 Park Avenue<\/p>\n<p style=\"text-align: justify;\">New York<\/p>\n<p style=\"text-align: justify;\">29 September, 2014<\/p>\n<p style=\"text-align: justify;\">To,<\/p>\n<p style=\"text-align: justify;\">Vicky Peterson<\/p>\n<p style=\"text-align: justify;\">52 3<sup>rd<\/sup> Block<\/p>\n<p style=\"text-align: justify;\">Richmond Street<\/p>\n<p style=\"text-align: justify;\">New York<\/p>\n<p style=\"text-align: justify;\">Dear Mr. Vicky,<\/p>\n<p style=\"text-align: justify;\">Re : Overdue Payment A\/C 343909 for Vehicle No : WFA 123<\/p>\n<p style=\"text-align: justify;\">This is in context to remind you that your payment against the vehicle loan for the month of September is overdue. I request you to please remit the sum of $ 825.50 to us within 14 days from the date of the letter or we will have to initiate repossession procedures on the above vehicle.<\/p>\n<p style=\"text-align: justify;\">Yours sincerely,<\/p>\n<p style=\"text-align: justify;\">Adam More<\/p>\n<p style=\"text-align: justify;\">Manager<\/p>\n<p style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.club4ca.com\/formats\/wp-content\/uploads\/2014\/09\/Sample-Letter-of-Reminder-for-Late-Payment-of-Loan.docx\">Click Here To Download Sample Letter of Reminder for Late Payment of Loan<\/a><\/strong><\/p>\n\n\n<h3 class=\"wp-block-heading\">Other Related Formats<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.club4ca.com\/formats\/letter-formats\/noc-request-letter-format-sample\/\">Request Letter from Society for NOC for Mortgage Loan from Bank<\/a><br><a href=\"https:\/\/www.club4ca.com\/formats\/accounts\/application-letter-for-loan-date-extension\/\">Application Letter for Loan Date Extension<\/a><br><a href=\"https:\/\/www.club4ca.com\/formats\/accounts\/collection-letter-format-to-offer-payment-plan\/\">Collection Letter Format to offer Payment Plan<\/a><br><a href=\"https:\/\/www.club4ca.com\/formats\/accounts\/account-cancellation-letter-due-to-non-payment\/\">Account Cancellation Letter Due to Non-Payment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks need to keep a sincere record of payments of the loans. If there is has been a delay in payment from any of the customers then the bank must send them letters of reminder for late payment of loan. This letter will request them to make quick payments in order to avoid any kind of inconvenience. Here is a sample given below for your reference. You can use this template for writing a personalized formal letter mentioning all important information like the account no., the amount to be deposited and the duration within which the customer needs to act.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[825,866],"class_list":["post-3216","post","type-post","status-publish","format-standard","hentry","category-accounts","tag-bank-loan","tag-payment-due"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sample Letter of Reminder for Late Payment of Loan<\/title>\n<meta name=\"description\" content=\"Learn to write a professional letter of reminder for late payment of loan to the client by using the template. 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