New Hampshire 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 on My Bank Loan Repayment (Account Number: XXX) [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] Dear [Bank Name], I hope this letter finds you well. I am writing to formally request an extension of time on the repayment of my bank loan, as I am currently facing unforeseen financial challenges. I am a valued customer of your respected establishment, and I have always honored my financial obligations promptly. However, due to [briefly explain the reason for financial hardship, such as job loss, medical expenses, or any other relevant circumstance], I am currently experiencing a temporary setback and require additional time to meet my repayment obligations. In light of the above, I kindly request an extension of [number of months] months on my loan repayment schedule. This extension will allow me to regain stability and fulfill my obligations as agreed upon in the loan agreement. I assure you that this is a temporary situation, and I fully intend to repay the loan in its entirety. Please find attached the necessary supporting documents [if required by the bank] to support my request for an extension. These documents include [list the documents enclosed, such as payslips, medical bills, layoff notice, or any other relevant documents]. I understand that the bank has certain policies and procedures in place and that not all extension requests are granted. However, I kindly ask you to consider my sincere request given my past record as a responsible borrower and my commitment to meeting my obligations. If this extension is granted, I would like to propose the following modified repayment plan [if applicable, outline the modified payment schedule, new interest rate, or any other agreed-upon terms]. I believe this alternative schedule will enable me to better manage my financial commitments while also ensuring the bank's interests are protected. I kindly request a prompt response to my extension request, considering the urgency of my situation. Please update me on the status of my request at your earliest convenience. Thank you for your understanding and support in this matter. I greatly appreciate the bank's cooperation and your willingness to consider my request. If you require any additional information or have any questions, please do not hesitate to reach me at the provided contact information. Yours sincerely, [Your Name]

Subject: Request for Extension of Time on My Bank Loan Repayment (Account Number: XXX) [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] Dear [Bank Name], I hope this letter finds you well. I am writing to formally request an extension of time on the repayment of my bank loan, as I am currently facing unforeseen financial challenges. I am a valued customer of your respected establishment, and I have always honored my financial obligations promptly. However, due to [briefly explain the reason for financial hardship, such as job loss, medical expenses, or any other relevant circumstance], I am currently experiencing a temporary setback and require additional time to meet my repayment obligations. In light of the above, I kindly request an extension of [number of months] months on my loan repayment schedule. This extension will allow me to regain stability and fulfill my obligations as agreed upon in the loan agreement. I assure you that this is a temporary situation, and I fully intend to repay the loan in its entirety. Please find attached the necessary supporting documents [if required by the bank] to support my request for an extension. These documents include [list the documents enclosed, such as payslips, medical bills, layoff notice, or any other relevant documents]. I understand that the bank has certain policies and procedures in place and that not all extension requests are granted. However, I kindly ask you to consider my sincere request given my past record as a responsible borrower and my commitment to meeting my obligations. If this extension is granted, I would like to propose the following modified repayment plan [if applicable, outline the modified payment schedule, new interest rate, or any other agreed-upon terms]. I believe this alternative schedule will enable me to better manage my financial commitments while also ensuring the bank's interests are protected. I kindly request a prompt response to my extension request, considering the urgency of my situation. Please update me on the status of my request at your earliest convenience. Thank you for your understanding and support in this matter. I greatly appreciate the bank's cooperation and your willingness to consider my request. If you require any additional information or have any questions, please do not hesitate to reach me at the provided contact information. Yours sincerely, [Your Name]