When writing a loan repayment extension request letter, it's important to be clear and polite. Clearly state your name, loan account details, and the reason for requesting the extension. Mention the desired extension period and express willingness to follow the necessary procedure. Politely request guidance from the lender and provide your contact details for further communication.
Sample Letter to Bank for Loan Repayment Extension
To,
The Manager,
_______ (Name of the Lender)
_______ (Address of the Lender)
Date : __/__/____ (Date)
Subject: Request for loan repayment extension bearing Loan ID: ________ (Loan ID/Account Number)
Respected Sir/Madam,
I am _______ (your name) and a loyal customer of _______ (bank/company/other) _______ (Branch), holding a __________ (type of loan) loan account.
This letter is for submitting a request regarding my loan account i.e. _______ (Loan Account Number), The ______ (tenure) and EMI is ______ ( amount ). I have availed the loan for ___ (no. of months/years) and as per the discussion and offer received, I want to extend my loan for ___ (months). The main reason for loan repayment extension is _________ (mention reason).
Kindly, guide me through the procedure and confirm how to avail the facility.
Please find my loan account details for your reference mentioned below:
Account Number: _________
Registered Mobile Number: _________
Waiting for a response with all the requirements and information.
Thanks and Regards,
_________ (Sender’s Name)
_________ (Sender’s loan account number)
_________ (Sender’s Contact Details)
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