Request for higher margin of finance to 90% (Sample Letter)

Loan Applicant:
Reference:

To Whom It May Concern:
The Mortgage Loan Department or Credit Department
Mortgagor Bank
[Postal Address]

Date of this letter:

Reference: Request for higher margin of finance to 90%

Kindly be informed that we [ Name & NRIC ] have made an application for housing loan to your company very recently on [ this date ] and after much consideration [ as well as a change in circumstances ], we would like to request for a higher margin of finance from the offered 80% to 90% [ or to at least 85% ].

We would also like to put forth the following for your consideration:
1. Our excellent credit track record with no defaults in payments & excellent future business earning to sustain our intended commitments.
2. The relatively high OMV as given by the valuer as of [ date ].
3. Our relatively high EPF savings that we intend to channel back as prepayments.
4. We have no other commitments.
5. We are in the process of selling off one (1) of our property [ property details ]

Your generous assistance and highest degree of attention to our appeal is much appreciated indeed and we hereby look forward to receiving your earliest feedback.


Yours truthfully,



………………………………………………………
Name:
Contact: