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The Confirmation Letter for Loan is a crucial document in New Zealand's lending landscape, used to formalize the approval of a loan application and communicate the terms to the borrower. This document is typically issued after the initial loan application assessment and approval process, but before the final loan documentation is executed. It serves multiple purposes: confirming the lender's intention to provide the loan, documenting the key commercial terms, and meeting regulatory requirements under New Zealand's CCCFA and related financial services legislation. The letter should be drafted with careful attention to legal compliance, particularly regarding disclosure requirements and fair trading practices. It forms part of the broader loan documentation suite and can be referenced in any subsequent disputes or queries about the loan terms.

1. Recipient Details: Full name and address of the borrower

2. Reference Line: Loan reference number and application date

3. Loan Approval Statement: Clear statement confirming the loan approval and basic terms

4. Key Loan Terms: Principal amount, interest rate, term, and repayment schedule

5. Security Details: Description of any security or collateral required

6. Payment Instructions: Details of how and when payments should be made

7. Important Dates: Key dates including disbursement date, first payment date, and final payment date

8. Contact Information: Lender's contact details for queries or concerns

9. Next Steps: Clear instructions on what the borrower needs to do to proceed