[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] Dear [Bank Name], RE: REQUEST FOR EXTENSION OF TIME FOR [LOAN NAME] I hope this letter finds you in good health. I am writing to respectfully request an extension of time regarding the [loan name] I obtained from [bank name] on [loan date]. Due to unforeseen circumstances, I am currently unable to meet the original repayment deadline of [loan repayment date]. I fully understand the significance of meeting my financial obligations and the importance of honoring the agreed-upon terms. However, I find myself in a situation where I am experiencing temporary financial hardship, which prevents me from making the specified payment on time. I am confident that this setback is temporary, and I am actively working towards improving my financial situation and fulfilling my commitment to the bank. I greatly appreciate your understanding and cooperation in granting this extension of time. Furthermore, I kindly request an additional [time period] to fulfill my repayment obligations. This extension will allow me to address the current financial difficulties I am facing and ensure that I can honor my commitment with your esteemed institution. To further showcase my sincerity and commitment to repaying the loan, I have attached a detailed financial statement that outlines my current income and expenses, along with a proposed revised repayment plan. The revised plan takes into account my current financial constraints while ensuring timely repayment, albeit with the extended timeline requested. I can assure you that once my financial situation stabilizes, I will promptly resume the original repayment schedule and meet my obligations according to the terms and conditions agreed upon in the loan agreement. I genuinely value the relationship I have established with [bank name] and appreciate your continued support. Furthermore, I sincerely apologize for any inconvenience caused by this request for an extension, and I assure you that this matter is of utmost importance to me. Please do not hesitate to contact me at [phone number] or [email address] to discuss this matter further or if any additional information is required. I am more than willing to provide any documentation or answer any questions that may arise. Thank you for your attention to this matter. I sincerely hope that you will consider my request favorably and grant me the extension of time I am seeking. Your support during this challenging time is greatly appreciated. Yours faithfully, [Your Name]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.