[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
Category:
State:
Multi-State
Control #:
US-0274LR
Format:
Word;
Rich Text
Instant download
Description
Sample Letter for Request to Bank for Extension of Time
[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]
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