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{"id":94,"date":"2017-07-16T16:16:42","date_gmt":"2017-07-16T16:16:42","guid":{"rendered":"https:\/\/www.wikitechy.com\/letters\/?p=94"},"modified":"2017-07-16T16:16:42","modified_gmt":"2017-07-16T16:16:42","slug":"loan-agreement-letter","status":"publish","type":"post","link":"https:\/\/www.wikitechy.com\/letters\/loan-agreement-letter\/","title":{"rendered":"Loan Agreement Letter"},"content":{"rendered":"

Loan agreement<\/strong> letter is a guarantee by a bank or someone with financial backing so that the bank can readily allow loan to them. The point is that bank should be convinced of the fact that the person or the institution has the financial resources to pay back.<\/p>\n

The letters of credit are in practice in spheres like international trade, where payment is rarely made on delivery.<\/p>\n

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Loan Agreement Letter Writing Tips:<\/span><\/strong><\/span><\/h4>\n<\/div>\n
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  • The language should be simple and direct<\/li>\n
  • Avoid ambiguous words and terminology<\/li>\n
  • State everything in clear and concrete terms<\/li>\n
  • Make sure both parties understand all their terms and obligations<\/li>\n
  • As a party you should make it sure that the terms of the letter of credit are reasonable for both parties
    \r\n <\/ins>\r\n <\/div>\r\n