Delaware Sample Letter for Request to Bank for Extension of Time

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• Control #: US-0274LR
• Format: Word; Rich Text

Description

Sample Letter for Request to Bank for Extension of Time Subject: Request for Extension of Time — Loan Repayment [Your Account Number] Dear [Bank Representative's Name], I hope this letter finds you well. I am writing to respectfully request an extension of time for the repayment of my loan. Due to unforeseen circumstances, I am facing temporary financial difficulties and require additional time to fulfill my loan obligations. I am a loyal customer of [Bank Name] and have always made timely payments on my loan, demonstrating my commitment to responsible financial management. I understand the importance of meeting my financial obligations and assure you that this extension request is not a reflection of my negligence or unwillingness to fulfill my responsibilities. The reasons for my current financial strain are [briefly explain your situation and the specific circumstances that have caused the temporary hardship]. I have attached supporting documents, such as medical bills, redundancy letters, or any other supporting evidence that substantiates my situation. I kindly request you to treat this information confidentially and solely for the purpose of evaluating my request. Furthermore, I humbly ask for an extension of [mention the requested extension period, e.g., 60 days] to allow me sufficient time to stabilize my financial situation and fulfill my loan repayments without any further default. Furthermore, I assure you that I am actively taking steps to improve my financial condition, such as exploring additional sources of income, seeking employment opportunities, or partnering with credit counseling agencies to better manage my finances. Furthermore, I fully understand that any extension granted will incur additional interest, and I am prepared to accept this condition. Moreover, I am willing to sign any necessary documents or agreements required to formalize this extension, as per the bank's policies. I kindly request that you consider my situation sympathetically and grant me this extension, as it would greatly alleviate my immediate financial burden. I value my relationship with [Bank Name] and strive to maintain a positive credit history, and I assure you that I will diligently adhere to the revised payment schedule. Furthermore, I kindly request that you communicate your decision regarding my request in writing, either by email or mail, at your earliest convenience. Should you require any additional information or documentation, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Thank you for your understanding and ongoing support. I am hopeful that you will grant my request, and I look forward to resolving this matter amicably. Sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Account Number]

Subject: Request for Extension of Time — Loan Repayment [Your Account Number] Dear [Bank Representative's Name], I hope this letter finds you well. I am writing to respectfully request an extension of time for the repayment of my loan. Due to unforeseen circumstances, I am facing temporary financial difficulties and require additional time to fulfill my loan obligations. I am a loyal customer of [Bank Name] and have always made timely payments on my loan, demonstrating my commitment to responsible financial management. I understand the importance of meeting my financial obligations and assure you that this extension request is not a reflection of my negligence or unwillingness to fulfill my responsibilities. The reasons for my current financial strain are [briefly explain your situation and the specific circumstances that have caused the temporary hardship]. I have attached supporting documents, such as medical bills, redundancy letters, or any other supporting evidence that substantiates my situation. I kindly request you to treat this information confidentially and solely for the purpose of evaluating my request. Furthermore, I humbly ask for an extension of [mention the requested extension period, e.g., 60 days] to allow me sufficient time to stabilize my financial situation and fulfill my loan repayments without any further default. Furthermore, I assure you that I am actively taking steps to improve my financial condition, such as exploring additional sources of income, seeking employment opportunities, or partnering with credit counseling agencies to better manage my finances. Furthermore, I fully understand that any extension granted will incur additional interest, and I am prepared to accept this condition. Moreover, I am willing to sign any necessary documents or agreements required to formalize this extension, as per the bank's policies. I kindly request that you consider my situation sympathetically and grant me this extension, as it would greatly alleviate my immediate financial burden. I value my relationship with [Bank Name] and strive to maintain a positive credit history, and I assure you that I will diligently adhere to the revised payment schedule. Furthermore, I kindly request that you communicate your decision regarding my request in writing, either by email or mail, at your earliest convenience. Should you require any additional information or documentation, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Thank you for your understanding and ongoing support. I am hopeful that you will grant my request, and I look forward to resolving this matter amicably. Sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Account Number]