Request Deferral of Interest Payment Template

Have you been searching for a template that can help you request for a deferral of interest payment? If so, we guarantee that our Request Deferral of Interest Payment Template will be more than up to the task. Among the features you can expect from this product would be a high degree of customizability that allows you to easily implement any changes you may have in mind. Then there are the pre-existing content, layouts, and formatting that should not only prove impressive, but also easy to understand. With this at your disposal, you should have no trouble being made to pay less than the original interest due, so download this today!

REQUEST DEFERRAL OF INTEREST PAYMENT                            

[DATE]

Dear [RECIPIENT NAME],

Having been a client of [BANK NAME] since the year [YEAR], I’m confident in your ability to assist me in resolving this issue. Our company currently has a term loan amounting to $[NUMBER] under the account number [NUMBER 1].

Our business is currently experiencing a few financial problems. To be more specific, we [REASON]. Based on our business’s current standing, we predict that we will be experiencing a few setbacks for a minimum of [NUMBER 2] months and a maximum of [NUMBER 3] months and will probably result in the business’s temporary inability to pay off the loan.

If you would be able to postpone our interest charges for the estimated aforementioned period, we would be very grateful. We assure you that this is only temporary and that we will do all that we can to get the business back on track so as to generate sufficient capital for us to operate fully and functionally. You will be notified immediately once we have dealt with this dilemma and are able to compensate for the loan.

Thank you for your time. We are hoping for your kind consideration and cooperation regarding this matter and apologize for any inconvenience we may have caused. Please feel free to contact us at [YOUR COMPANY PHONE NUMBER] or email us at [YOUR COMPANY EMAIL ID].

Regards,

[YOUR SIGNATURE]

[YOUR NAME]