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End Use Letter

This document is a format for a letter confirming the end use of an overdraft or cash credit facility from a bank. It includes fields for the applicant's name and loan amount. The applicant confirms that the loan will be used for personal expenses, working capital, business purposes or other defined purposes, and not for any speculative investments. The applicant signs and stamps the letter to request the bank manager to consider the end use details provided.

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Finxpert A Complete Capital Solution
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2K views

End Use Letter

This document is a format for a letter confirming the end use of an overdraft or cash credit facility from a bank. It includes fields for the applicant's name and loan amount. The applicant confirms that the loan will be used for personal expenses, working capital, business purposes or other defined purposes, and not for any speculative investments. The applicant signs and stamps the letter to request the bank manager to consider the end use details provided.

Uploaded by

Finxpert A Complete Capital Solution
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Format for end use letter

Date: _________________

To,
The Manager,
Kotak Mahindra Bank Limited,
Satellite, Ahmedabad - 380015

Respected Sir,

Subject: End use of OD/CSG

I/We _________________________________________________, have applied for Rs. _______________


Loan amount on ___________ this is to confirm that in case loan is disbursed to us same shall be used
for the purposes as defined below:

1 Personal Expenses
2 Working capital
3 Business purpose
4 Others

I/we also confirm that the loan amount shall not be utilised for any speculative purpose.
Kindly consider the same.

Yours faithfully,

_________
(Stamp & Signature)

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