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As per discussion, we hereby request you to kindly change our (due date/bill generation date/billing cycle) from(current date) to (requested date) of every month, Such that our bill due date becomes (due date) of every month. Thanking you in advance.
This letter is to let you know that I'm currently having some financial difficulties. I'm not able to pay the complete monthly payment on my account because . (List your personal reason here job loss, illness, etc.)
Rescheduling of loans means to extend or add extra time to your existing loan tenure, resulting in a revision of your monthly instalment amount so that you may be able to pay a lesser amount each month. This can help the borrower buy some time to adjust the repayment plan and also not default on their loans.
If you can't pay your personal loan due to financial hardship, many lenders offer short-term deferment plans that will let you extend your loan term in exchange for a break from your regular monthly payment. Temporarily pausing your payments isn't free if your lender charges interest on deferred payments.
I am writing this letter to request you to extend the submission period of fee payment by a (week/month/quarter), which is from // (Date) to // (Date). The reason behind the extension of my fee payment is (reason for requesting extension).