Loan EMI Extension Request Letter
Loan EMI Extension Request Letter
May 12, 2056
[RECIPIENT'S NAME]
[BANK'S NAME]
[BANK'S ADDRESS]
Dear [RECIPIENT'S NAME],
I, [YOUR NAME], hold a loan account number [LOAN ACCOUNT NUMBER] with your esteemed institution. I have always been a diligent payer, ensuring my Equated Monthly Installments (EMI) are serviced on time. Nevertheless, I am writing to express some financial distress that has recently befallen me, causing some temporary challenges in fulfilling my EMI obligations on the due date as per our agreement.
I would like to kindly request an extension for my loan EMI for a period of [LOAN PERIOD EXTENSION] months. This will allow me a grace period to normalize my financial situation and resume regular service with the EMI. I understand the implications this may have on my loan balance and I am committed to adhering to the recalculated payments after the extension.
I assure you, that this request comes as a last resort, driven by unforeseen circumstances. I am determined to meet my commitments, and I am hopeful of understanding and assistance from your institution. I am ready to provide any necessary documentation to support my request if required.
Your favorable consideration of this matter is highly appreciated and I am thankful in advance for your assistance. If there is any further information or discretion needed, feel free to contact me via email at [YOUR EMAIL]. Thank you for your attention to this matter.
Sincerely,
[YOUR NAME]
