This sympathetic rejection letter offers reasons for denying a personal loan request.
Free to download and print.
Dear {Name},
I'm so sorry that I can't help you out with a loan for {purpose}. I'm sure you didn't know this but {my funds are otherwise committed/I don't have as much money as you think/I have a policy of not lending money to friends}.
I empathize with your situation, however, and would like to suggest that you {attend credit counseling/seek bank loan/etc.}.
I hope this doesn't affect our friendship. I wish you the best and look forward to seeing you soon at {event}.
Sincerely,
{Name}
