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Notice of Credit Limit Increase

This template is used to formally notify a customer of an increase in their credit limit, outlining the new limit and any relevant terms and conditions. It is suitable for businesses wishing to communicate changes to credit facilities in a clear and professional manner.

Updated 16d ago
credit limitcredit increasecustomer notificationfinancecredit managementsouthern africa

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Customer Information

Date: {{date}}

Client Name: {{client_name}}

Client Address: {{client_address}}

Account Number: {{account_number}}

Subject

NOTICE OF CREDIT LIMIT INCREASE

Salutation

Dear {{client_name}},

Notification of Credit Limit Increase

We are pleased to inform you that, following a review of your account, your credit limit with {{company_name}} has been increased.

Your previous credit limit was {{old_credit_limit}}.

Your new credit limit is now: **{{new_credit_limit}}** ({{new_credit_limit_words}}).

Effective Date and Terms

This new credit limit is effective from {{effective_date}}.

All other terms and conditions of your credit agreement with {{company_name}} remain unchanged and in full force and effect. We encourage you to review your original credit agreement for full details.

Benefits of Increased Credit Limit

We believe this increased credit limit will provide you with greater flexibility and support for your ongoing business needs with us. We appreciate your continued business and look forward to fostering our strong working relationship.

Further Information

Should you have any questions regarding this increase or your account, please do not hesitate to contact our credit department at {{credit_department_phone}} or {{credit_department_email}}.

Closing

Sincerely,

Signature Block

_________________________

{{authorised_signatory_name}}

{{authorised_signatory_title}}

{{company_name}}

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