Review the terms of the agreement

August 19, 2011


2365 S Mayfield Ave

Chicago, IL 60652

Cell: (123)-555-1234

[Subject: Normally bold, summarizes the intention of the letter] -Optional-

Dear Hennery smith,

Thank you for sending us your loan request. This has been reviewed and approved. As such, you can expect $1,500.00 to be made available to you as soon as we have finalized and signed the necessary documents. Kindly visit us at our office during the week in order to review the terms of the agreement, as well as to sign the necessary papers. Please be advised that the approved arrangement pegs the interest rate at 8% and requires you to issue the 5% down payment 60 days after receiving the loan amount. The monthly amortization scheme takes effect exactly 30 days after.

Eako smith

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