Monday, January 12, 2009

Loan Approval

Dear Mr. Allan,

Your application went through underwriting successfully, and we will extend to you the $888 loan immediately.

Please come to our office to review the terms and sign the promissory note. The terms are as outlined on the application. In brief, the first payment of $50 is due thirty days after disbursement of the principal. Subsequent payments are due on the first of every month thereafter. Our 10.9% interest rate is good for the entire term of the loan.

Best Wishes,
John Doe

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