Santa Clara California Sample Letter for Request to Bank for Extension of Time

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• County: Santa Clara
• Control #: US-0274LR
• Format: Word; Rich Text

Description

Sample Letter for Request to Bank for Extension of Time Dear [Bank Name], I am writing to you today to request an extension of time regarding the repayment of my loan account [Loan Account Number]. I hope that you will kindly consider my situation and grant me an extension until [new repayment date]. The reason for my request is that I have recently faced unexpected financial difficulties due to [briefly explain the circumstances, such as loss of employment, medical emergency, or other relevant reasons]. These circumstances have severely affected my ability to meet my financial obligations within the original specified time frame. As a result, I kindly request your understanding and flexibility in granting me some extra time to settle the outstanding balance. I have been a loyal customer of [Bank Name] for [number of years] and have always upheld a good credit history. I have consistently made timely payments on my previous loans and have never defaulted on any of my financial responsibilities. However, due to these unforeseen circumstances, I am unable to make the payment by the agreed upon date. I assure you that I am actively working towards resolving my current financial situation and that I am committed to fulfilling my obligations with the bank. In fact, I have already taken certain measures to improve my financial stability, such as [briefly explain any actions taken, such as seeking new employment or cutting unnecessary expenses]. These actions reflect my determination to rectify the situation as soon as possible. I kindly request that you consider granting me an extension of [number of days or weeks] for the repayment of my loan. This additional time will enable me to stabilize my financial situation and ensure that I can repay the loan without causing any further distress to myself or the bank. I understand that the extension may incur additional charges or interest, and I am willing to accept any fees or conditions associated with this extension. Please inform me of any further documentation or information required from my end to facilitate this extension process. I am confident that with this extension, I will be able to settle the outstanding balance in full and continue my successful relationship with [Bank Name]. I highly value your support and understanding in my time of need and appreciate your consideration of my request. Thank you for your prompt attention to this matter. I kindly request a written confirmation of the extension, specifying the new repayment date and any associated changes to the loan agreement. Warm regards, [Your Name] [Your Address] [City, State, ZIP] [Contact Number] [Email Address]

Dear [Bank Name], I am writing to you today to request an extension of time regarding the repayment of my loan account [Loan Account Number]. I hope that you will kindly consider my situation and grant me an extension until [new repayment date]. The reason for my request is that I have recently faced unexpected financial difficulties due to [briefly explain the circumstances, such as loss of employment, medical emergency, or other relevant reasons]. These circumstances have severely affected my ability to meet my financial obligations within the original specified time frame. As a result, I kindly request your understanding and flexibility in granting me some extra time to settle the outstanding balance. I have been a loyal customer of [Bank Name] for [number of years] and have always upheld a good credit history. I have consistently made timely payments on my previous loans and have never defaulted on any of my financial responsibilities. However, due to these unforeseen circumstances, I am unable to make the payment by the agreed upon date. I assure you that I am actively working towards resolving my current financial situation and that I am committed to fulfilling my obligations with the bank. In fact, I have already taken certain measures to improve my financial stability, such as [briefly explain any actions taken, such as seeking new employment or cutting unnecessary expenses]. These actions reflect my determination to rectify the situation as soon as possible. I kindly request that you consider granting me an extension of [number of days or weeks] for the repayment of my loan. This additional time will enable me to stabilize my financial situation and ensure that I can repay the loan without causing any further distress to myself or the bank. I understand that the extension may incur additional charges or interest, and I am willing to accept any fees or conditions associated with this extension. Please inform me of any further documentation or information required from my end to facilitate this extension process. I am confident that with this extension, I will be able to settle the outstanding balance in full and continue my successful relationship with [Bank Name]. I highly value your support and understanding in my time of need and appreciate your consideration of my request. Thank you for your prompt attention to this matter. I kindly request a written confirmation of the extension, specifying the new repayment date and any associated changes to the loan agreement. Warm regards, [Your Name] [Your Address] [City, State, ZIP] [Contact Number] [Email Address]