Getting approved for a loan is a big moment.
It means a bank has looked at your finances and decided you’re a good candidate to receive funds.
But what does a loan approval letter look like?
We’ve gathered 20 sample loan approval letters from banks to give you an inside look at the language and format used when a loan is approved.
Whether you’re waiting on your loan approval or just curious about the process, these letters provide valuable insight.
Sample Loan Approval Letters from Bank
Before we dive into the letters themselves, it’s important to note that while the specific language may vary, most loan approval letters follow a similar structure.
They open by congratulating the applicant on their approval, then go on to outline the terms of the loan.
With that in mind, let’s take a look at 20 real-world examples.
Sample Letter 1
Subject: Congratulations! Your Loan is Approved
Dear John Smith,
We are pleased to inform you that your loan application has been approved. After carefully reviewing your application and supporting documents, we have determined that you meet our lending criteria.
Loan Amount: $25,000
Interest Rate: 6.99% (Fixed)
Loan Term: 60 months
Monthly Payment: $495.53
To accept this loan offer, please log into your online account and follow the prompts to e-sign the loan agreement. Once we receive your signed agreement, the funds will be disbursed to your checking account within 1-2 business days.
If you have any questions about your loan or the acceptance process, please don’t hesitate to contact us. Congratulations again on your loan approval!
Sincerely,
The Lending Team
ABC Bank
Sample Letter 2
Subject: You’re Approved! Your Dream Home Awaits
Dear Sarah Johnson,
Congratulations! After reviewing your mortgage application, we are thrilled to inform you that you have been approved for a home loan. We know how much this means to you, and we’re excited to help make your homeownership dreams a reality.
Here are the key details of your approved mortgage:
Loan Amount: $350,000
Interest Rate: 4.25% (Fixed)
Loan Term: 30 years
Monthly Payment: $1,722.38 (Principal & Interest)
Your next steps are to review and sign the enclosed loan documents. Once we receive your signed documents and the funds for your down payment and closing costs, we will be able to schedule your loan closing. At closing, you’ll officially become a homeowner!
We are here to support you through every step of this process. If you have any questions at all, please reach out to your loan officer or any member of our team.
Warmest Congratulations,
The Mortgage Team
XYZ Bank
Sample Letter 3
Subject: Your Business Loan is Approved!
Dear Michael Davis,
We have finished reviewing your business loan application and are pleased to offer you the following loan to support your business growth:
Loan Amount: $100,000
Interest Rate: 8.50% (Fixed)
Loan Term: 5 years
Monthly Payment: $2,027.70
To secure your loan, please review and sign the attached loan agreement. Once we receive your signed agreement, we will work with you to schedule a convenient time to disburse the funds.
We believe in your business and are excited to play a role in your success. If there’s anything else we can do to support you, please let us know. Congratulations on this exciting next step for your company!
Best Regards,
The Business Lending Team
EFG Bank
Sample Letter 4
Subject: Green Light on Your Auto Loan!
Dear Emily Wilson,
We are happy to inform you that your auto loan application has been approved. We’re excited to help you get behind the wheel of your new vehicle.
Your approved loan details are as follows:
Loan Amount: $30,000
Interest Rate: 5.75% (Fixed)
Loan Term: 60 months
Monthly Payment: $579.98
To proceed with this loan, please review and sign the attached loan agreement. Once we receive your signed agreement, we’ll coordinate with the auto dealership to finalize your purchase and disburse the funds.
If you have any questions throughout this process, please don’t hesitate to reach out to us. We’re here to make your auto financing experience as smooth as possible.
Congratulations and happy driving!
The Auto Lending Team
LMN Bank
Sample Letter 5
Subject: You’re Approved for a Debt Consolidation Loan
Dear David Thompson,
After reviewing your loan application, we are pleased to offer you a debt consolidation loan to help simplify your finances. Here are the details of your approved loan:
Loan Amount: $50,000
Interest Rate: 10.99% (Fixed)
Loan Term: 48 months
Monthly Payment: $1,321.39
This loan will allow you to pay off your existing high-interest debts and replace them with a single, more manageable monthly payment. To accept this offer, please sign and return the enclosed loan documents.
We’re here to support you on your journey to financial wellness. If you have any questions about your loan or how to best use the funds, please feel free to contact us.
Best Wishes,
The Personal Lending Team
OPQ Bank
Sample Letter 6
Subject: Congratulations on Your Personal Loan Approval
Dear Rachel Davis,
We’re thrilled to inform you that your loan application has been approved. We appreciate the opportunity to assist you with your financial needs.
Your approved loan terms are:
Loan Amount: $10,000
Interest Rate: 12.99% (Fixed)
Loan Term: 36 months
Monthly Payment: $347.94
To accept this loan offer, please sign the attached loan agreement and return it to us. Once we receive your signed agreement, we’ll deposit the funds directly into your designated checking account.
We’re committed to providing exceptional service. If there’s anything else we can do to assist you, please don’t hesitate to ask.
Sincerely,
The Consumer Lending Team
RST Bank
Sample Letter 7
Subject: You’re Approved for a Home Equity Loan!
Dear Mark Johnson,
Congratulations! Your application for a home equity loan has been approved. We’re happy to help you tap into the value of your home to achieve your financial goals.
Here are the details of your approved home equity loan:
Loan Amount: $75,000
Interest Rate: 6.50% (Fixed)
Loan Term: 15 years
Monthly Payment: $650.25
To move forward, please review and sign the enclosed loan documents. Once we receive your signed documents, we’ll schedule a closing date to finalize your loan.
We value your business and are here to support you throughout this process. Please reach out if you have any questions.
Best Regards,
The Home Equity Team
UVW Bank
Sample Letter 8
Subject: Approved: Your Small Business Loan
Dear Jennifer Smith,
We have completed our review of your small business loan application and are pleased to extend the following loan offer:
Loan Amount: $150,000
Interest Rate: 9.75% (Fixed)
Loan Term: 10 years
Monthly Payment: $1,900.42
This capital can help take your business to the next level. To accept the loan, please sign and return the attached loan agreement. Upon receipt of your signed agreement, we’ll work with you to disburse the funds.
We believe in the power of small businesses like yours. Please let us know how else we can support your success.
Sincerely,
The Small Business Lending Team
XYZ Bank
Sample Letter 9
Subject: Congratulations on Your Student Loan Approval
Dear Christopher Davis,
We are happy to inform you that your student loan application has been approved. We’re honored to invest in your education and future success.
Your approved student loan details are:
Loan Amount: $20,000
Interest Rate: 5.50% (Fixed)
Loan Term: 10 years
Monthly Payment: $214.13 (after a 6-month grace period)
To accept this loan, please sign the attached promissory note and complete the online entrance counseling. Once these steps are finished, your loan will be scheduled for disbursement to your school.
We’re here to help you navigate the student loan process. If you have any questions, please contact our student loan team.
Best Wishes,
The Student Lending Team
ABC Bank
Sample Letter 10
Subject: RV Loan Approval Notification
Dear Amanda Brown,
We are pleased to notify you that your RV loan application has been approved. We’re thrilled to help make your RV adventure dreams a reality.
Here are the specifics of your approved RV loan:
Loan Amount: $85,000
Interest Rate: 6.25% (Fixed)
Loan Term: 20 years
Monthly Payment: $597.86
To proceed with this loan, please review and sign the enclosed loan documents. Once we receive your signed documents, we’ll coordinate with the RV dealership to finalize your purchase.
We’re committed to providing a smooth lending experience. Please reach out if you have any questions along the way.
Happy Travels!
The RV Lending Team
DEF Bank
Sample Letter 11
Subject: Congratulations! Your Loan is Approved
Dear John Miller,
Good news! After a thorough review of your loan application and supporting documents, we are pleased to inform you that your loan request has been approved as follows:
Loan Amount: $15,000
Interest Rate: 11.49% (Fixed)
Loan Term: 48 months
Monthly Payment: $401.72
The next step is to review and electronically sign the loan agreement. Simply log into your account on our secure portal and follow the prompts. Upon receipt of your signed agreement, we will initiate a funds transfer to your linked checking account, which typically takes 1-2 business days.
If you have any questions or need assistance with the loan acceptance process, our team is here to help. Just give us a call or send us an email.
Congratulations again on your loan approval! We appreciate the opportunity to serve your borrowing needs.
Best Regards,
The Lending Team
GHI Bank
Sample Letter 12
Subject: Boat Loan Approval – Set Sail Soon!
Dear Sarah Davis,
Congratulations! We are happy to inform you that your boat loan application has been approved. We’re excited to help you chart your course to boat ownership.
Your approved boat loan details are as follows:
Loan Amount: $45,000
Interest Rate: 6.75% (Fixed)
Loan Term: 15 years
Monthly Payment: $388.77
To move forward with your loan, please review and sign the attached loan documents. Once we receive your signed documents, we’ll work with the boat dealership to complete your purchase and disburse the funds.
Our team is here to ensure smooth sailing throughout your loan process. Please don’t hesitate to reach out if you have any questions.
Anchors Aweigh!
The Boat Lending Team
JKL Bank
Sample Letter 13
Subject: Home Improvement Loan Approval Notification
Dear Michael Wilson,
We have finished reviewing your home improvement loan application and are pleased to offer you the following financing:
Loan Amount: $25,000
Interest Rate: 7.99% (Fixed)
Loan Term: 5 years
Monthly Payment: $501.87
This loan can help bring your home renovation vision to life. To accept this offer, please sign and return the enclosed loan agreement. Once we receive your signed agreement, we’ll deposit the funds into your designated account so you can get started on your project.
We value your business and are here to assist you throughout your home improvement journey. If you have any questions, please feel free to contact us.
Best Wishes,
The Home Improvement Lending Team
MNO Bank
Sample Letter 14
Subject: You’re Approved for a Motorcycle Loan!
Dear Emily Johnson,
Rev your engines! We’re excited to inform you that your motorcycle loan application has been approved. Here are the details of your loan offer:
Loan Amount: $20,000
Interest Rate: 6.50% (Fixed)
Loan Term: 60 months
Monthly Payment: $391.30
To accept this loan and ride off into the sunset, please review and sign the attached loan agreement. Once we receive your signed agreement, we’ll coordinate with the motorcycle dealership to finalize your purchase.
We’re here to make your motorcycle financing experience a smooth ride. If you have any questions along the way, just give us a shout.
Happy Riding!
The Motorcycle Lending Team
PQR Bank
Sample Letter 15
Subject: Congratulations on Your Wedding Loan Approval
Dear David Thompson and Rachel Davis,
We are thrilled to inform you that your wedding loan application has been approved. We’re honored to play a small part in your big day.
Your approved wedding loan terms are:
Loan Amount: $30,000
Interest Rate: 10.99% (Fixed)
Loan Term: 5 years
Monthly Payment: $636.74
To move forward with your loan, please review and sign the enclosed loan agreement. Once we receive your signed agreement, we’ll deposit the funds into your designated account so you can start making your wedding dreams a reality.
We wish you all the best as you embark on this exciting chapter. If there’s anything else we can do to assist you, please let us know.
Warmest Congratulations,
The Wedding Lending Team
STU Bank
Sample Letter 16
Subject: Congratulations on Your Adoption Loan Approval
Dear Mark and Jennifer Johnson,
We are pleased to inform you that your adoption loan application has been approved. We’re honored to support you on your adoption journey.
Here are the details of your approved adoption loan:
Loan Amount: $50,000
Interest Rate: 9.99% (Fixed)
Loan Term: 10 years
Monthly Payment: $657.89
To accept this loan offer, please sign the attached loan agreement and return it to us. Once we receive your signed agreement, we’ll disburse the funds to your adoption agency or as otherwise directed.
We’re here to help make the financial aspect of your adoption as smooth as possible. If you have any questions, please don’t hesitate to reach out to us.
Best Wishes,
The Adoption Lending Team
VWX Bank
Sample Letter 17
Subject: Your Cosmetic Procedure Loan is Approved!
Dear Amanda Wilson,
We are happy to notify you that your loan application for cosmetic procedure financing has been approved. We’re excited to help you move forward with your desired treatment.
Your approved cosmetic procedure loan details are:
Loan Amount: $10,000
Interest Rate: 13.99% (Fixed)
Loan Term: 36 months
Monthly Payment: $353.97
To move forward with your loan, please review and sign the attached loan agreement. Once we receive your signed agreement, we’ll work with your medical provider to schedule your procedure and disburse the funds.
We’re committed to providing a seamless financing experience. If you have any questions throughout the process, please contact our team.
Best Regards,
The Cosmetic Procedure Lending Team
YZA Bank
Sample Letter 18
Subject: Green Light on Your Fertility Treatment Loan
Dear Christopher and Emily Davis,
We are pleased to inform you that your fertility treatment loan application has been approved. We understand how much this means to you, and we’re honored to support your family-building journey.
Here are the specifics of your approved fertility loan:
Loan Amount: $25,000
Interest Rate: 11.99% (Fixed)
Loan Term: 5 years
Monthly Payment: $553.02
To accept this loan offer, please review and sign the enclosed loan documents. Once we receive your signed documents, we’ll coordinate with your fertility clinic to disburse the funds and get you started on treatment.
We’re here to make the financial aspect of your fertility journey as stress-free as possible. If you have any questions, please feel free to reach out to us.
Wishing You All the Best,
The Fertility Lending Team
BCD Bank
Sample Letter 19
Subject: You’re Approved for a Debt Consolidation Loan
Dear Sarah Miller,
After careful consideration of your loan application, we are happy to offer you a debt consolidation loan to help you streamline your finances.
Your approved debt consolidation loan terms are:
Loan Amount: $35,000
Interest Rate: 10.49% (Fixed)
Loan Term: 48 months
Monthly Payment: $915.58
This loan will allow you to pay off your existing high-interest debts and simplify your repayment into a single, more manageable monthly payment. To move forward, please sign and return the attached loan agreement.
We’re here to support you on your journey to financial wellness. If you have any questions about your loan or how to best use the funds, our team is just a phone call or email away.
Best Wishes,
The Debt Consolidation Team
EFG Bank
Sample Letter 20
Subject: You’re Approved for an Auto Loan!
Dear Jessica Thompson,
We have reviewed your application for an auto loan and are happy to extend the following financing offer for your new vehicle purchase:
Loan Amount: $35,000
Interest Rate: 5.99% (Fixed)
Loan Term: 72 months
Monthly Payment: $581.63
To move forward with this loan, please review and sign the enclosed loan documents. Once we receive your signed documents, we’ll reach out to coordinate the disbursement of funds to the auto dealership.
We understand the importance of reliable transportation, and we’re thrilled to help you get behind the wheel of your new car. Please feel free to contact us if you have any questions throughout this process.
Congratulations and happy driving!
The Auto Lending Team
HIJ Bank
Wrapping Up Loan Approval Letters
As you can see from these 20 sample loan approval letters, while the specifics may vary, the overall message is the same: Congratulations, your loan is approved!
These letters serve as the starting point for the loan process, outlining the terms of the loan and the next steps for the borrower.
Whether you’re approved for a personal loan, a mortgage, a business loan, or an auto loan, the approval letter is an important document that signifies the bank’s confidence in your ability to repay the loan.
If you’re in the process of applying for a loan, these sample letters give you an idea of what to expect if you’re approved.
And if you’ve already received your loan approval letter, you can see that you’re in good company.
No matter where you are in your loan journey, remember that the bank is there to support you.
If you have questions about your loan or the lending process, don’t hesitate to reach out to your lender.
They’re there to help you navigate this important financial milestone.