[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Today's Date] [Bank Name] [Bank Address] [City, State, Zip Code] Subject: Request for Extension of Time on Loan Repayment Dear [Bank Manager's Name], I hope this letter finds you in good health and high spirits. I am writing to request your kind consideration for an extension of time on the repayment of my loan with your esteemed bank that is due on [Loan Due Date]. I am facing unforeseen circumstances that have made it difficult for me to meet the deadline, and I am in need of more time to fulfill my financial obligations. To provide you with a better understanding of my current situation, I am a resident of Rhode Island, a beautiful state located in the New England region of the United States. Rhode Island, also known as "The Ocean State," is the smallest state in terms of land area. It offers a diverse landscape, ranging from stunning coastlines to charming historic towns. Despite its small size, Rhode Island is rich in cultural heritage and offers a vibrant arts scene. In regard to my financial predicament, due to circumstances beyond my control, I have experienced unexpected setbacks resulting in temporary financial instability. These setbacks include [mention the specific reasons causing the financial hardship, such as a sudden job loss, medical emergency, or any other valid reason in Rhode Island]. I deeply regret being unable to fulfill my financial obligations within the initial timeframe. However, I am committed to repaying my loan in full and within a reasonable timeline. Therefore, I kindly request an extension of [duration of the requested extension] to allow me to arrange for the necessary funds and get back on track with my repayments. I assure you that this extension will only be a temporary solution, and I am actively working towards stabilizing my financial situation. I understand the significance of fulfilling my contractual commitments and maintaining a good credit history; hence, I am proactively seeking alternative means to generate the required funds. Furthermore, I kindly request your assistance in granting this extension as it will greatly alleviate my present financial burdens and provide me with the necessary time to resolve my current circumstances. Furthermore, I would be grateful if you could accommodate this request without imposing any additional penalties or charges. If possible, I would appreciate it if you could outline any specific procedure or documentation required for the extension process. I am more than willing to provide any supporting documents or engage in further discussions to address any concerns that you may have. Thank you for your attention to this matter and for considering my request. I genuinely value the business relationship I have with your bank and assure you of my utmost commitment to repaying the loan. I look forward to a favorable response and appreciate your understanding and empathy during this challenging time. Yours sincerely, [Your Name]
Rhode Island Sample Letter for Request to Bank for Extension of Time
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How to fill out Rhode Island Sample Letter For Request To Bank For Extension Of Time?
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How do you ask for an extension deadline?Determine if an extension is possible.Don't put in a request at the last moment.Ask in person or by phone or email.Give a credible reason.Furnish proof of work done.Set a new deadline and stick to it.Thank the supervisor or manager.Make sure it doesn't happen again.
The definition of an extension is an addition such as to a building, an extra phone line connected to the main line or an extra amount of time given to someone to pay a debt. An example of an extension is adding a second story to a single story house. An example of an extension is line two on a business line.
How to get bill extensions during COVID-19Identify the payments you need to defer.Contact the service provider or lender.Ask to change the date of payments.Ask for a bill extension.Request a payment plan or reduced payment.Work with a housing or credit counselor.Consider using bill extension apps.
Use these steps to help you make an effective deadline extension request:Determine deadline importance.Decide how to ask.Provide a specific reason.Show your dedication.Offer to share your progress.Set a reasonable new deadline.Show gratitude.Example conversational request.More items...?
To confirm our phone conversation of this afternoon, I am asking you to consider whether it would be possible for me to supply you with my decision by March 28. I would very much appreciate such an extension, and assure you that I will be able to make a firm decision by that date.
My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.
Use these steps to help you make an effective deadline extension request:Determine deadline importance.Decide how to ask.Provide a specific reason.Show your dedication.Offer to share your progress.Set a reasonable new deadline.Show gratitude.Example conversational request.More items...?
I would like to state that my fee submission due date is (Date). I am having a financial crisis due to which I won't be able to pay my dues on time. (show your actual problem and situation). For which I would like to request to the registration office to extend due date till (Date).
Related Definitions Extension Letter means a letter from the Company requesting an extension of the Maturity Date.
With formal lease extensions, the leaseholder serves a notice on the landlord putting forward an offer to extend their lease by the statutory 90 years with no future ground rent. After negotiations, the leaseholder and tenant reach an agreement on the premium (amount payable to the landlord).
