To,
The Manager,
Kotak Mahindra Bank Ltd.,
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Sub: Forclosure of Loan Account No----------------
Respected Sir,
I availed loan of Rs.-----/- (Rupees in words) against ---------- on dated---/----/------ for the tenure of ----- years in the year------- with rate of interest ---%. I am regularly repaying the instalements as per agreed terms.
At present i am having sufficient funds to pay off entire loan with interest due thereon. You are requested to kindly let me know the exact amount with interest by end of this month. Kindly also let me know the foreclosure charges charges if any applicable to me.
Thanking You,