The Branch Manager
Safdar Jung Area
Subject:- An application for the bank guarantee
I am writing this application to request for a bank guarantee for the following purpose. I am an entrepreneur and I am in the process of setting up a new business. As part of the process, I am required to obtain a bank guarantee to secure a loan from a private lender. The amount of the loan is 10.00 Lacs. I have already provided the necessary documents to the private lender and I am now requesting for a bank guarantee from your bank.
I understand that the bank guarantee is a form of security that will be provided by your bank in order to ensure that the loan is repaid in full and on time. I am confident that my business venture will be successful and that I will be able to repay the loan on time. I have also discussed this matter with my account manager, who has agreed to forward this application to you.