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Sample letter to the bank request them to reduce interest rate on existing loan?



Wanted to write letter to the bank to give me consideration to lower the interest rate on my existing bank loan

To Whom It May Concern,

I would like to request that the interest rate on my loan be reduced. My current rate of <rate> is several points above national average rates and I believe my solid payment history over the last <number> months demonstrates my value to you as a customer. I also believe that my credit rating has increased since I originated this loan.

Thank you in advance for your attention to this matter and please do not hesitate to contact me if you require further information.

Name
Signiture

Address
Phone Number
Email Address
Account Number
A letter is too easy to say no to, no person to look in the eye.

Go in person and talk to your bank's Manager.
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