One Time Settlement Letter Format

Bank Sample / Template Covering Letter Format for One Time Full & Final Settlement of Loan/Outstanding in word /.doc 

                                                                                                            Date :

Mr Anil Kapoor

Managing Director

Rocket Sales Ltd.

Niramal Building, 24^th floor

45/1 Nariman Point

Mumbai – 458 545

Dear Sir,

Sub : One Time Settlement for a sum of Rs……….. lacs

We are happy to inform you that our bank has agreed for a one time settlement of Rs………………. lacs as against a gross outstanding from your company of Rs……………………….. to be settled on or before ………………..…… against a post dated cheque. On realisation of the cheque, we will release our charge on the concerned securities.

There is a simple agreement to be signed soft copy of which is being sent to you.

Thanking you and assuring you of our best attention at all times.

Yours faithfully,

(Amir Khan)

General Manager

State Bank of India

Voltas House

Mumbai -458 745