A credit approval letter is an official letter which is approved by the bank to notify the client or customer that their application for a certain credit term has been approved. The letter also contains the terms and conditions of the limit of credit and also about the rate of interest which is fixed on the credit. The contents which should be included in the credit approval letter are the name of the client, his address, contact number, email address, account number, and other relevant details. The correct date of approval should also be mentioned in the letter and describe when an…
