Many of us have taken loans from bank but sometimes we are unable to repay them on time because of various reasons. In such a scenario, intimating the bank of the same in a formal way by writing application letter for loan date extension is the right thing to do. With a request letter for extension of payment, you are expressing you clear intensions and you are requesting some more time. You can submit a loan extension request letter to avoid any charges for late payment as well.
In this post, we bring a formal sample application to request for loan extension. Use the letter to bank for loan date extension to create a customized letter that states you condition to the bank in a professional manner.
Sample Application Letter to Request for Loan Date Extension
78, Giridhar Apartments,
Date: December 3rd, 2019
The Bank Manager
Sub: Request for Loan Date Extension
I hold a savings account with your prestigious bank at your Karol Bagh Branch, bearing account number 011/59596. I also have an auto loan running with your bank of amount Rs.5,00,000 with loan account number 05/78946. As per the terms of the loan, on 5th of every month, an amount of Rs. 15,000 is deducted from my account.
I would like to bring to your notice that due to the delay in my salary for the last month, I do not have enough balance in my account to honour the payment. My salary will be credited to my account on December 10th, 2019 and after that my account will have enough balance to pay the instalment for this month.
I request you to please consider my situation and accept this application for loan date extension for this month. I understand that delay in paying installments against loan attracts charges and therefore, I request you to please waive off these charges and have the instalment amount debited on the 10th of this month, instead of 5th.
I have a long association with your bank and I have always been prompt with my payments. It is just for this time that I request you to please allow me the date extension for loan based on my account history.
Thanking you in anticipation for considering my request.
Click Here to Download Application Letter for Loan Date Extension in Word Format
You May Also Like Bank Letter Format
Letter Request for Extension of Time for Document Submission
Project Report Format for Bank Loan In Excel
Request Letter from Society for NOC for Mortgage Loan from Bank
Bank Account Opening Request Letter for Company Employees
Letter Format to Bank to Rent Safe Deposit Locker
Letter To The Bank To Make Nomination In FDR Account
Format for Authority Letter for Cash Deposit to Bank
Request Letter to Bank for Activate SMS Alert Service
Application Letter for Business Loan to Bank Manager
Signature Verification Letter to Submit to Bank
Authorization Letter To Bank to Collect ATM PIN Number
Formal Authorization Letter for Signing Authority to Bank
Top File Download:
- loan extension letter
- Bank loan extension letter sample
- loan extension requests
- bank balance confirmation required for Loan
- bank exposure letter format in word
- request to extend the loan payment letter
- letter from bank on payment deferral extension
- letter of applicable loan
- request letter to bank for extension of loan payment
- loan extension letter format
very helpful for me this sample and really thanks
Senior Officer and Manager operation
SBAC Bank Ltd