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- An undertaking letter for payment is a letter written by one party to another as an assurance for making the full and final payment as promised1. The payment mentioned can be a loan EMI, credit card bill, or simply a payment for services/goods purchased1. The letter should acknowledge the loan or payment and assure the other party that the payments will be made on time as per the agreed schedule2. The letter should also mention the payment mode and the amount to be paid3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Such a letter of undertaking for payment is written as an assurance from one party to another for making the full and final payment as promised. The payment mentioned can be a loan EMI, credit card bill or simply a payment for services/goods purchased.www.lettersinenglish.com/tag/letter-of-undertaking …I am writing this letter to acknowledge that I have taken a loan of [Amount] from [Bank/Financial Institution Name] and will be making the payments on time as per the agreed schedule. I understand the seriousness of the commitment and assure you that I will make the payments as per the agreed terms and conditions.letterseasy.com/undertaking-letter-format/
I am writing this letter in order undertake the following:
- I shall be making the payment on the 10 th of every month after receiving the invoice from your company.
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