Request Letter to Bank for EMI Date Change – Application for EMI Date Change

When writing a request letter to the bank for changing the EMI date, clarity and politeness are essential. Address the bank manager respectfully and clearly state your name, address, and loan details. Specify the current EMI deduction date and the preferred new date, along with the reason for the change. Express gratitude and request information on any necessary paperwork.

Table of Contents:

Sample Application for Change of EMI Date

To,
The Bank Manager,
______________ (Name of the Bank),
______________ (Address)

Date: __ /__ / ____ (Date)

From,
_____________ (Name),
_____________ (Address)

Subject: Request to change EMI date

Respected Sir/Madam,

This is to bring in your notice that, I am ___________ (Name) and my residential address is __________ (Address).
I have an ongoing ____________ (home loan/vehicle loan/education loan/personal loan /other loan) in your bank since __________ (Days/Months/Years). The amount deducted for the EMI is ___________ (Amount).

The date of the EMI deduction from my account is __________ (Date) and I want to change it to ______________ (Date). The reason for changing the account is _____________ (Salary is late/other needs/mention your reason in detail).

Kindly change the EMI date and let me know the official paperwork required for the same.

Thank you,

____________ (Name),
____________ (Contact),
____________ (Signature)

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FAQs

  • Q: Can I change my EMI deduction date?
    • A: Yes, many banks allow customers to change their EMI deduction dates upon request, subject to certain conditions.
  • Q: What information do I need to provide to request an EMI date change?
    • A: You need to provide your loan details, current EMI deduction date, preferred new date, and the reason for the change.
  • Q: Will changing the EMI date affect my loan tenure or interest rate?
    • A: Generally, changing the EMI date does not affect the loan tenure or interest rate, but it's advisable to confirm with the bank.
  • Q: How long does it take for the EMI date change to be processed?
    • A: The processing time varies depending on the bank's procedures, but it usually takes a few days to a couple of weeks.
  • Q: Is there a fee for changing the EMI date?
    • A: Some banks may charge a nominal fee for processing the EMI date change request. It's recommended to check with your bank for any applicable charges.

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