[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]
Indiana Sample Letter for Request to Bank for Extension of Time
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