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The Confirmation Letter For Loan is a crucial document in Malaysian lending practices that formalizes the approval of a loan application and sets out the terms under which the loan is granted. It is typically issued after the loan application process is complete and the lender has approved the facility. The document serves multiple purposes: it provides written confirmation of the loan approval, details the key terms and conditions of the loan, specifies any requirements or conditions that must be met before fund disbursement, and serves as a reference point for both parties throughout the loan tenure. Subject to Malaysian banking regulations and contract law, this document is essential for both institutional and individual lending arrangements, providing clarity and legal certainty for all parties involved. The letter forms part of the broader loan documentation suite but is distinct from the main loan agreement, serving as an initial formal confirmation of the lending arrangement.

1. Letter Header: Including sender's details, recipient's details, date, and reference number

2. Salutation: Formal greeting addressing the recipient

3. Subject Line: Clear indication that this is a loan confirmation letter with reference to any prior applications or discussions

4. Loan Approval Confirmation: Clear statement confirming the approval of the loan

5. Loan Details: Essential loan information including principal amount, interest rate, and loan tenure

6. Repayment Terms: Monthly installment amount, payment due dates, and payment methods

7. Interest Calculation Method: Explanation of how interest is calculated and applied

8. Key Conditions: Any conditions precedent or ongoing obligations that must be met

9. Contact Information: Details of whom to contact for queries or concerns

10. Closing: Standard letter closing with signature block for authorized signatory