Sample Application to request for Loan Date Extension
[Here briefly focus on Sample Application to request for Loan Date Extension. You can follow these sample application letter to request the bank for extension of loan payment dates due to financial problems or show a cause that, you are not able to meet the deadline. You can make changes as per your requirements.]
Date…
Branch Manager,
Bank/Financial Institute name…
Address…
Sub: Application for Loan Date Extension
Sir, I am a current user of your bank and I am running 3 different accounts (More/less) with good flow. With the account details attached to this letter, it can be proved that I am a non-liable applicant for a loan extension. (Explain actual problem and situation in your own words). As per the loan plan that I was provided with, there was a calamity because of which I would be unable to pay back the due amount in time.
Therefore, grant me a 3/5 months extension (More/less) so I can pay back the principal amount along with the interest of these 3/5 months as well. (Describe your requirements). I would like to hear from you soon. Thank you for your consideration.
Yours sincerely,
Your name…
Address…
Contact no. and Signature…
Another format,
Date…
Branch Manager,
Bank/Financial Institute name…
Address…
Sub: Application for Loan Extension
Respected Manager,
A few months back I took an interest-free loan from (Bank and Branch name) of (Amount of money). The time period to return the amount was one/two year (More/less). I have paid 70-80% of the amount (More/less) back to the bank and the rest 20-30% of the amount is due (date: DD/MM/YY). (Describe your requirements).
You can see my payment history, that I will have paid all the installments in time and did not miss the deadline even once. (Explain actual problem and situation in your own words). However this time due to some financial drawbacks, unfortunately, I will not be able to meet the deadline of the bank. I request you to please extend the loading deadline and give me a month more so I can arrange the remaining amount.
I am really hoping for a positive response. You can contact me for further details of the loan. If you help me through this difficult time, I would be very grateful to you.
Best Regards;
Your name…
Address…
Contact no. and Signature…
