[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] Subject: Request for Extension of Time to Repay Loan [Loan Account Number] Dear [Bank Name], I hope this letter finds you well. I am writing to request an extension of time for the repayment of my loan, [Loan Account Number], which was initially due on [Due Date]. Due to unforeseen circumstances, I am unable to fulfill my financial obligations within the agreed-upon timeframe. I would like to explain my current situation in detail to provide better context for my request. [Provide a brief explanation of the circumstances that have led to your inability to make the loan repayment on time.] Considering the above, I kindly ask for an extension of [number of days/weeks/months] to repay the outstanding amount in full. I am confident that I will be able to recover from this temporary setback and fulfill all the financial commitments associated with the loan. To ensure transparency and accountability, I have devised a revised repayment plan that aligns with my current financial situation. I am enclosing a copy of the revised plan with this letter for your reference and review. It outlines a realistic timeline for the repayment of the loan, taking into account my income, expenses, and potential cash inflows. I understand that this request for an extension may cause inconvenience, but I assure you that granting me this extension would greatly alleviate my financial strain. I am fully committed to meeting my obligations and maintaining a positive relationship with your esteemed bank. Furthermore, I would appreciate it if you could review my request at the earliest convenience and inform me of your decision. Please inform me of any additional documents or information you may require to process my request efficiently. Thank you for your understanding and cooperation during this challenging time. I am hopeful that you will consider my request favorably. If you have any questions or require further clarification, please do not hesitate to contact me at the provided phone number or email address. I am grateful for your attention to this matter and look forward to your prompt response. Yours sincerely, [Your Name]