6. (a) Write a letter to the manager of a local nationalized
bank to grant you an educational loan of Rs. 5,00,000/- for
your higher education. (Word limit: 150 words)
Or
2+8=10



Answer :

To structure a letter to a bank manager requesting an educational loan, follow these steps:

1. Start with the Sender's Address: Write your full address at the top right-hand corner of the page to let the bank know where to send correspondence.

2. Date: Just below your address, write the current date so that the bank knows when the request was made.

3. Bank Manager's Address: On the left-hand side, below the date, write the bank manager's designation and address.

4. Subject Line: A concise line stating the purpose of your letter – requesting an educational loan.

5. Salutation: Politely address the bank manager as either "Dear Sir/Madam" or "Dear [Manager’s Name]" if you know it.

6. Body of the Letter:
- Introduction: Briefly introduce yourself and your educational intentions.
- Loan Request: Clearly state the amount you would like to borrow (Rs. 5,00,000) and specify that it is for higher education purposes.
- Purpose of the Loan: Mention the course and educational institution, if any, and how the loan will help you cover tuition and other related expenses.
- Repayment Assurance: Give a brief explanation of how you plan to repay the loan.

7. Conclusion: Politely conclude the letter by expressing your hope for a positive response and your readiness to provide any further information needed.

8. Complimentary Close: End with a formal closing such as "Yours sincerely" or "Yours faithfully".

9. Sender's Name and Signature: Write your full name below the complimentary close, followed by your signature.

Here is an example based on the steps above:

[Your Full Address]
[City, State, Zip Code]
[Date]

[Bank Manager’s Title and Name]
[Bank Name]
[Branch Address]
[City, State, Zip Code]

Subject: Request for Educational Loan of Rs. 5,00,000/-

Dear [Bank Manager’s Name],

I am writing to request an educational loan for Rs. 5,00,000/- to finance my higher studies. I have been accepted into the [Name of Institution] for [Name of Course], and the loan would be instrumental in covering my tuition fees and living expenses.

I am committed to my education and have a solid plan to repay the loan through part-time employment and parental support. Detailed financial projections and a repayment plan are available upon request.

I am eager to discuss this matter further and am happy to provide any additional documentation needed. I hope for your kind consideration and a positive response.

Thank you for your time and assistance.

Yours sincerely,
[Your Full Name]
[Your Signature]

Remember to tailor the letter with your personal details and any specific information the bank may require. Keep it concise and within the specified word limit if required.