Wake North Carolina Sample Letter for Request to Bank for Extension of Time

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• County: Wake
• 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 formally request an extension of time for the [type of loan or mortgage] that I have with your esteemed institution. I apologize for any inconvenience caused by this request, but I am currently facing unexpected financial constraints due to [explain the reason briefly, i.e., job loss, medical emergency, etc.]. As a responsible borrower, I understand the importance of adhering to the agreed-upon terms and conditions of our loan agreement. However, the unforeseen circumstances I find myself in have made it challenging to meet the established payment schedule. Despite my diligent efforts, I fear that I may not be able to make the upcoming payment due on [insert date]. Therefore, I kindly request an extension of [number of days/weeks/months] in order to arrange the required funds. This additional time will greatly assist me in stabilizing my financial situation and ensuring the timely repayment of my loan. I assure you that I am committed to fulfilling my financial obligations and, with the extension, will resume regular payments promptly. I understand that any late fees or interest charges resulting from this extension may apply, and I accept them without any objection. Furthermore, I have been a loyal and responsible customer of your bank, and I genuinely appreciate the attention and assistance your institution has provided throughout my loan tenure. Considering my history and dedication, I hope that you will grant my request for an extension of time, allowing me to overcome this temporary hardship. Please find attached the necessary documents, such as bank statements, payslips, or medical records, as supporting evidence for my current situation. If there are any additional documents or information required to process this request, please inform me promptly so that I can provide them. I kindly request you to review my situation empathetically and respond to this request as soon as possible. You're understanding and cooperation will not only alleviate my current financial burden but also reinforce my faith in the professionalism and compassion of your esteemed institution. Thank you for your time and attention to this matter. Sincerely, [Your Name] [Your Contact Information]

Dear [Bank Name], I am writing to formally request an extension of time for the [type of loan or mortgage] that I have with your esteemed institution. I apologize for any inconvenience caused by this request, but I am currently facing unexpected financial constraints due to [explain the reason briefly, i.e., job loss, medical emergency, etc.]. As a responsible borrower, I understand the importance of adhering to the agreed-upon terms and conditions of our loan agreement. However, the unforeseen circumstances I find myself in have made it challenging to meet the established payment schedule. Despite my diligent efforts, I fear that I may not be able to make the upcoming payment due on [insert date]. Therefore, I kindly request an extension of [number of days/weeks/months] in order to arrange the required funds. This additional time will greatly assist me in stabilizing my financial situation and ensuring the timely repayment of my loan. I assure you that I am committed to fulfilling my financial obligations and, with the extension, will resume regular payments promptly. I understand that any late fees or interest charges resulting from this extension may apply, and I accept them without any objection. Furthermore, I have been a loyal and responsible customer of your bank, and I genuinely appreciate the attention and assistance your institution has provided throughout my loan tenure. Considering my history and dedication, I hope that you will grant my request for an extension of time, allowing me to overcome this temporary hardship. Please find attached the necessary documents, such as bank statements, payslips, or medical records, as supporting evidence for my current situation. If there are any additional documents or information required to process this request, please inform me promptly so that I can provide them. I kindly request you to review my situation empathetically and respond to this request as soon as possible. You're understanding and cooperation will not only alleviate my current financial burden but also reinforce my faith in the professionalism and compassion of your esteemed institution. Thank you for your time and attention to this matter. Sincerely, [Your Name] [Your Contact Information]