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An effective loan application letter should only be one page long and contain no more than 6 paragraphs. The letter should highlight important information about your financial history and status, and it should be able to convince the financial lender to approve your loan application.
See our guide here: https://www.mortgagechoice.com.au/media/4482874/eguide-step-by-step-guide-to-property-ownership.pdf