How To Write A Credit Letter

A Credit Letter is any letter written by a bank and hence the writer must write formally or professionally. All details must be given in the letter though brevity is required. When closing the letter, it is important for the writer to thank the recipient for reading.

1. Sample Of Credit Letter

First Bank PLC
No. 253 Herbert Macaulay Way
Yaba
Lagos
Nigeria
August 10, 2016

Mr. Umaru Joseph
No. 16 Emole Street
G.R.A
Lagos
Nigeria

Letter of Credit

Dear Mr. Joseph,

We have written this letter to inform you that we open this credit letter in your name for an amount of N800,000.00. This amount will be given as per your request for according to the payment of your draft presentation. The letter is valid till 15.11.2016.This date will be extended by default for next one year. This is for your kind information. We are sure that you will make the payment in time. We hope that you have read all the terms of conditions carefully and you agree to them completely.

Yours Faithfully,

_________

First Bank PLC

 

 

2. Another Sample Of Credit Letter

First Bank PLC
No. 253 Herbert Macaulay Way
Yaba
Lagos
Nigeria
August 10, 2016

Mr. Umaru Joseph
No. 16 Emole Street
G.R.A
Lagos
Nigeria

Letter Of Credit

Dear Mr. Joseph,

Writing to you with reference to the request you made to us, we the Board Members of First Bank PLC, hereby establish a letter of credit for N100,000.00.

We allow you to have access to the amount provided you give the assurance to deliver us the amount mentioned above by cheque as per the agreement on the address mentioned above.

Yours faithfully,

_________

First Bank PLC

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