Subject: Request for Extension of Time for Loan Repayment — Account #xxxxxxxx [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] Dear Sir/Madam, I hope this correspondence finds you well. I am writing to seek an extension of time for the repayment of my loan (Account #xxxxxxxx) that I have with your esteemed institution. I deeply regret to inform you that due to unforeseen circumstances, I am facing financial difficulties, and I am unable to make the repayment within the agreed-upon timeframe. Furthermore, I am committed to fulfilling my obligations and wish to request an extension of [number of months] to repay the outstanding balance on my loan. Given the current economic conditions and the challenges faced by many individuals, I sincerely hope that you can consider my humble request. I assure you that this extension will not only provide me with the necessary time to arrange my finances appropriately but will also enable me to honor my commitment to your institution. To support my request, I have taken the liberty to outline the reasons for my financial setback below: 1. [Explain the primary reason for the financial difficulties, such as a decrease in income or unexpected medical expenses.] 2. [Provide additional details, if applicable, regarding any other issues that have contributed to the current financial situation.] I apologize for any inconvenience caused by seeking this extension, and I understand that the bank has its protocols and policies to adhere to. However, I kindly request your empathetic consideration for my situation and the extension of the loan repayment deadline. In addition to my commitment to repay the loan, I would appreciate your guidance on any options or alternatives available that could help ameliorate my circumstances. I am open to discussing revised payment plans, revised interest rates, or any other potential solution that would alleviate the financial burden I am facing. I understand the importance of maintaining a good credit history and pursuing financial obligations responsibly. Furthermore, I assure you that I will make every effort to meet all the revised terms of the loan agreement promptly. Furthermore, I have attached the necessary documents to support my request. These include: 1. [Attach any supporting documents that validate your financial situation, such as pay stubs, medical bills, unemployment benefits summary, etc.] 2. [Include any other relevant documents that can strengthen your case for an extension.] It would be highly appreciated if you could provide a prompt response to my request as I am eager to work towards a resolution. I can be reached at the contact details provided above, and I am available for a personal meeting at your convenience. Thank you for your time and attention to this matter. You're understanding, flexibility, and support during this challenging time would be of immense help. I express my sincere gratitude and look forward to a favorable response from you. 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.