[Your Name] [Your Address] [City, State, ZIP Code] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] Subject: Request for Extension of Time on Loan Payment Dear [Bank Name], I hope this letter finds you well. I am writing to request an extension of time on the repayment of my loan with your esteemed institution. I have been a loyal customer of [Bank Name] for [X years] and have always maintained a good credit history. Due to unforeseen circumstances, I am currently facing temporary financial difficulties which have made it challenging for me to fulfill the scheduled loan repayment on [Loan Account Number] by [Due Date]. I assure you that this is a temporary setback, and I am determined to fulfill my financial obligations as soon as my situation stabilizes. I kindly request an extension of [X months/weeks] on the repayment schedule. This additional time will allow me to rearrange my finances and generate the necessary funds to settle the outstanding balance. I understand that this extension may entail adjustments to the interest accrual or a revised payment plan, and I am open to discussion regarding these terms. I would like to highlight my consistent commitment towards meeting my financial responsibilities, as evidenced by my prompt repayment history. Furthermore, I believe that an extension would not only be a fair resolution but also a testament to the longstanding relationship we have built. Please find enclosed the necessary documentation supporting my current financial condition, including [documents list]. These records demonstrate my sincerity in fulfilling my obligations as soon as financial stability is restored. I kindly request you to review my case and consider granting me an extension of time for the loan repayment. I assure you that I remain fully committed to resolving this matter and restoring the timely payment schedule as soon as possible. Thank you for your attention to this matter, and I eagerly await your favorable response. Should you require any further information or clarification, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Yours sincerely, [Your Name]
Oregon Sample Letter for Request to Bank for Extension of Time
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