What is Bank Confirmation Letter – BCL?
A letter confirming that a line of credit has been secured from a financial institution or bank. The bank confirms that a person is eligible for a specified amount of borrowed funds to be used for a predetermined purpose. Read more for examples and further explanation including related video clips and also comments
Example explains Bank Confirmation Letter – BCL
A bank confirmation letter may be used in a variety of situations or transactions. Its primary purpose is to provide proof to another party that you have attained financing. For example, when looking to buy a house, you may be required to supply a bank confirmation letter to the seller. The letter indicates that you have been approved for a mortgage and have the necessary funds to complete the purchase.
[tubepress mode=’tag’, tagValue=’Bank Confirmation Letter – BCL invest’]