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The Home Loan Cancellation Letter is a crucial document used in the Malaysian banking sector when a borrower needs to formally terminate a home loan facility. This document becomes necessary in various situations, such as when better loan terms are found elsewhere, property purchase falls through, or the borrower's circumstances change significantly. The letter must comply with Malaysian banking regulations, particularly the Financial Services Act 2013 and related guidelines issued by Bank Negara Malaysia. It serves as official documentation of the borrower's intent to cancel the loan and typically includes specific details about the loan facility, property, and reasons for cancellation. The document also addresses important aspects such as the refund of processing fees, discharge of property charges (if applicable), and termination of any related agreements.

1. Sender's Details: Full name, address, and contact information of the borrower

2. Recipient's Details: Bank's name, branch, address, and relevant department

3. Letter Reference: Reference numbers for the original loan agreement and any relevant account numbers

4. Subject Line: Clear indication that this is a home loan cancellation request

5. Loan Details: Specific details of the loan being cancelled including facility amount, property details, and agreement date

6. Cancellation Request: Clear statement of intent to cancel the loan facility

7. Reason for Cancellation: Brief explanation of the reason for cancellation

8. Request for Refund: Details of any fees or charges to be refunded

9. Bank Account Details: Account information for processing any refunds

10. Closing Statement: Request for acknowledgment and processing of the cancellation

11. Signature Block: Space for borrower's signature, name, and date