You are the owner of a switchgear business and are thinking of expansion plans. However, you are in urgent need of money for operational expenses. For any self-employed businessperson, capital is of utmost importance, which can be loaned from the bank. It is very important to write a professional loan application. To be able to speak fluent English is very different from being able to draft a letter in English. Below are the key points to keep in mind while drafting a loan application for your business.

Points to keep in mind

1. Give detailed information

In order to convince the bank to lend you money, it is important to give all the details of your business. The bank needs to be sure that your business is a legitimate and viable one. It is investing the hard-earned money of its stakeholders in your business and they need to be sure that the money is safe.

2. Prepare employee profiles

Give a background of the management of your business and workforce. The bank needs to know the strength of your business. Highlight their qualification or achievements or whatever you deem suitable. Bankers need to be sure that the business is run by qualified and competent persons and they value professionally qualified custodians.

3. Have a realistic approach

Do not attempt to paint a rosy picture of your business. Bankers will come to know the reality anyway and any discrepancy will come back to haunt you later. It can be disastrous as other banks can black list you. Once blacklisted, it is very difficult to get your credibility back. Hence, it is preferable to be honest and direct to the point. Avoid unnecessary  jazz.

Sample Loan letter :

Rohan Sharma

652 Taravalla Bridge Rd.

Taravalla Mountain, Delhi- 568963

15th September, 2013

The Branch Manager

Bank of India

Taravalla Mountain Branch

 Subject:Application for Loan

Dear Sir,

This letter is in regards to the operational loan requirement for the Switchgear business of Tara Switchgears limited.

I am Rohan Sharma, the proprietor and MD of Tara, based in Tarawalla Mountains. The business has been in operation for the past 3 years and we are considering expanding plans across India. The expansion team is handled by Vinod Chowdhary, an IIT graduate along with 4 other MBA's. Due to the economic boom in the country, Switchgear business is expected to rise by 10 % annually. This is because of high demand for power . To be a part of this growth, we require a loan of Rs. 50,00,000 at 8% annual interest. We are ready to put our land assets as collateral.

We know the risks in the power sector due to fluctuation policies of the government, however we assure you that our professional management will bring out the best in the business. Please consider our application seriously. We hope to hear from you soon.

Yours sincerely,

Rohan Sharma

The above sample shows the importance of the above three points. Your command over English should be up to task for writing professional business letters. Improve your English with the help of free online English tutorials.

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1. How to learn English Online?

2. How to Write a Cover Letter for a Job?

3. Why do We Need to Learn English?

4. How to Structure English Sentences?

5. How to write an application for a leave?

>We hope that our last blog on improving your writing skills was helpful. The tips mentioned there were simple and guaranteed to give results. However, as the saying goes, there is always room for improvement, and you surely cannot know everything that is there to English writing with just a few tips. That is why we bring to you a few more helpful and amazing tips, which will help you take your English writing a notch higher!

If you have been wondering, why we are stressing so much on the need of having exemplary English writing skills, and then let us tell you this – the reasons are many, but keep this in mind, English writing is needed in practically every aspect of modern lifestyle. You wish to apply for a job – you shoot an email. You wish to enroll in an academic course – you fill a form. You wish to get something done – you submit an application. And all of this is done in English. Do you need any more reasons for why English writing is an important skill?

Apart from following our tips and practicing them, there is one more exercise you need to do, in order to improve your writing skills. You must know your shortcomings and how to improve upon them. Do not expect to write a bestselling novel right at your first attempt, but surely with patience and practice, you sure can write flourishingly.

• Broaden your vocabulary: How are you supposed to write even a 100-word paragraph without having enough words? Building your vocabulary is the first pedestal of your English learning journey. Read as much as possible and build your vocabulary. The number of words you use, the more vibrant your writing will be. Using the same words repeatedly will make your writing sound repetitive.

• Welcome the criticism: In our last blog, we asked you to always get your writing samples checked – to understand where you need to improve and what mistakes to avoid. The next step to this tip is to take criticism positively and sportingly. If your writing has too many errors, focus on correcting them and make a promise to yourself that you will not repeat the same mistakes.

Use spell-check

: After you are done writing/ typing an article, save it in another document and run spell check/ grammar review software through it. After the other document has been checked and corrected, compare it with your original document. This way you will understand the mistakes you make and how to improve. Pay close attention to spellings and sentence structure.

• Write and rewrite: Every written material has a personality of its own. The words you use and the way you form your sentences sets the tone of your article. It is possible the first time you write something, it might not turn the best. If you are not satisfied with how an article has shaped, do not give up. Rewrite and improve.



"How to improve my English skills" – if this question has been nagging you, then fret not. Nowadays, you have so many ways with which you can improve and polish your English fluency. There are many online programs like eAge tutor available for your benefit. With the help of such programs, you can easily learn fluent English.

The internet is often credited for making the world a global village, for bringing people across various countries, languages and ethnicity, together and inculcating a sense of sharing and oneness among all. All that is very well, but we cannot owe it all to the internet alone. Without English, how far do you reckon, internet could have reached. Whether it is writing programs, creating website and online platforms to the simplest form of online communication, chatting – English has played a pivotal role in the widespread and mass acceptance of the internet media.

Now, why are we stressing on the role of the internet when the topic of our discussion is developing writing skills? For that, answer this question: How many of us literally 'write' with a pen and paper? Writing, largely, is done online nowadays. Whether it is blogging, posting your thoughts or shooting an email, writing plays a key role in everything.

Many intellectuals and English enthusiasts have been blaming the very internet for spoiling the English language. And that seems to be true to a certain extent! People have developed a unique 'chat lingo' to save themselves from writing common phrases. 'You' became 'u', 'we' became 'v', 'there' is now written 'der' and 'gr8' stands for 'great'. Not just that, 'brb', 'ttyl' and 'rofl' have become commonplace too (they stand for 'be right back', 'talk to you later' and 'rolling on the floor laughing' in that particular order)!

This is the reason why it has become difficult for amateur English learners to know what correct English is and what is slang! It is at such times that you need the tips we are going to share. Yes, whenever there is an English language emergency, we will always be there to rescue you!

• Read: Anything and everything that you read online does not amount for real reading. The internet is jam packed with myriad blogs – on possibly every topic under the sun. But who will account for the language's accuracy? When we say read, we mean reading books and magazines. Publications have a strict discipline and a code to follow when it comes to language. Not only is the language impeccable, but everything is done with great detailing - the spellings, grammar, sentence formation, etc. After all articles and magazine reports are old age (and hands down, the original) blogging!

• D-I-Y dictionary: Why take the pain when you can buy a dictionary or consult an online dictionary easily, you will wonder. Have you seen the size of a dictionary, even the pocket one? It is so many pages of words with their words, but how many words do you actually need to refer? Building your own dictionary helps, as you know exactly what word or phrase is noted in your dictionary. And why just words? It is your dictionary, you can note down phrases, jargon, writing tips and amusing quotes, etc. Anything that you fancy and can come handy in the future.

• Get your work checked: Any time you write something, you are sure to think it is perfect, as you have given it your best. However, nothing is ever foolproof, and that is why it is important to get your work checked, preferably someone who is better at English. Another important tip is to take the criticism constructively and use your mistakes as an aid for improving your English writing skills.



If you are serious about improving and developing your written and spoken English skills, your best option is to join any of the numerous online language courses available. Online tutors like eAge are useful and offer amazing results!