San Antonio Texas Sample Letter for Request to Bank for Extension of Time

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• City: San Antonio
• Control #: US-0274LR
• Format: Word; Rich Text

Description

Sample Letter for Request to Bank for Extension of Time [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP] Subject: Request for Extension of Time for Loan Repayment Dear [Bank Name], I hope this letter finds you in good health and high spirits. I am writing to you today regarding my existing loan account (mention your loan account number) with your esteemed bank, and I would like to request an extension of time for the loan repayment. I have been a loyal customer of your bank for [mention number of years] and have always valued the professional services provided by your institution. However, due to unforeseen financial circumstances, I am currently facing challenges in meeting the previously agreed repayment schedule. The reason for this temporary setback is [briefly explain the reason — it could be loss of job, medical expenses, or any other valid reason]. Despite my best efforts, I am unable to manage the loan payments as per the original agreement, which was dated [mention the agreement date]. I am fully committed to fulfilling my financial obligations and ensuring timely loan repayment. I understand the importance of honoring the contractual agreement and would like to assure you that I am actively seeking means to overcome this situation. To this end, I kindly request an extension of [mention desired extension period — it can be in months or a specific date, e.g., 3 months or February 28, 20XX]. This additional time will enable me to stabilize my financial situation and resume regular payments without further defaulting on the loan. I believe that my financial history with your bank, free from any previous default or irregularity, should serve as evidence of my sincerity and trustworthiness as a borrower. Furthermore, I am prepared to provide any additional documentation you may require to support my request. I kindly request you to consider my situation compassionately and grant me an extension of time for loan repayment. I assure you that I will not slack in repaying the loan and will adhere strictly to the revised terms and conditions that you may put forth. Thank you for your understanding and cooperation in this matter. I have always considered your bank as a partner in my journey towards financial stability, and I am hopeful that you will stand by me during this challenging time. I look forward to a positive response from your end. Please feel free to contact me at [mention your contact number] or via email at [mention your email address] if you require any further information or documentation. I am available at your convenience to discuss this matter further. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP] Subject: Request for Extension of Time for Loan Repayment Dear [Bank Name], I hope this letter finds you in good health and high spirits. I am writing to you today regarding my existing loan account (mention your loan account number) with your esteemed bank, and I would like to request an extension of time for the loan repayment. I have been a loyal customer of your bank for [mention number of years] and have always valued the professional services provided by your institution. However, due to unforeseen financial circumstances, I am currently facing challenges in meeting the previously agreed repayment schedule. The reason for this temporary setback is [briefly explain the reason — it could be loss of job, medical expenses, or any other valid reason]. Despite my best efforts, I am unable to manage the loan payments as per the original agreement, which was dated [mention the agreement date]. I am fully committed to fulfilling my financial obligations and ensuring timely loan repayment. I understand the importance of honoring the contractual agreement and would like to assure you that I am actively seeking means to overcome this situation. To this end, I kindly request an extension of [mention desired extension period — it can be in months or a specific date, e.g., 3 months or February 28, 20XX]. This additional time will enable me to stabilize my financial situation and resume regular payments without further defaulting on the loan. I believe that my financial history with your bank, free from any previous default or irregularity, should serve as evidence of my sincerity and trustworthiness as a borrower. Furthermore, I am prepared to provide any additional documentation you may require to support my request. I kindly request you to consider my situation compassionately and grant me an extension of time for loan repayment. I assure you that I will not slack in repaying the loan and will adhere strictly to the revised terms and conditions that you may put forth. Thank you for your understanding and cooperation in this matter. I have always considered your bank as a partner in my journey towards financial stability, and I am hopeful that you will stand by me during this challenging time. I look forward to a positive response from your end. Please feel free to contact me at [mention your contact number] or via email at [mention your email address] if you require any further information or documentation. I am available at your convenience to discuss this matter further. Yours sincerely, [Your Name]