Bank Loan Extension Letter Sample

Are you in need of a Bank Loan Extension Letter Sample? Look no further! Below you will find examples of Bank Loan Extension Letter Samples that you can use and modify as needed.

Why You Might Need a Bank Loan Extension Letter Sample

There are various reasons why you may need to request an extension on your bank loan. Some common reasons include:

• Unexpected financial difficulties
• Changes in your financial situation
• Unforeseen circumstances

Regardless of the reason, it is important to communicate effectively with your bank to request an extension on your loan.

Example of Bank Loan Extension Letter Sample

Dear [Recipient’s Name],

I am writing to request an extension on my bank loan, account number XXX-XXX-XXXX. Due to unexpected medical expenses, I am currently experiencing financial difficulties and am unable to make the upcoming payment on time.

I kindly request an extension of [number of months] months on my loan repayment schedule. I assure you that I am committed to repaying the loan in full and will make additional payments to catch up as soon as possible.

I appreciate your understanding and assistance in this matter. Please let me know if there are any additional steps I need to take to formalize this request.

Sincerely,

Your Name