Letter to Bank on Suspension / Extension of Deadline on Loan Repayment

The document titled 'Letter to Bank on Suspension / Extension of Deadline on Loan Repayment' is an important document that is used to request the suspension or extension of the deadline for loan repayment. It is addressed to the bank and provides a detailed explanation of the reasons for the request.

 

The document starts with the sender's information, including their account first name, account last name, account address, account phone number, and account email. If the sender is representing a company, the document includes the account job and account job address.

 

The letter is then addressed to the bank and includes the current date. It begins with a salutation, addressing the recipient as 'dear sir/madam.'

 

The body of the letter varies depending on the specific request being made. If the sender is requesting interests only payment, the letter states this and includes two specific requests: to pay interests only on the loan period and to waive any penalties during the suspension of payment. If the sender is requesting a moratorium on payment, the letter states this and includes two specific requests: a moratorium on loan repayment period and the waiver of any interest or penalties during the suspension of payment. If the sender is requesting a postponement of the payment deadline, the letter states this and includes two specific requests: to postpone the payment deadline period and to waive any interest or penalties during the suspension of payment.

 

The letter concludes with a request to ensure that the sender's credit rating, score, and creditworthiness will not be affected. The sender expresses gratitude for considering the request and looks forward to a positive reply. Contact information is provided for further communication.

 

In summary, this document is a formal letter addressed to the bank, requesting the suspension or extension of the loan repayment deadline. It provides detailed information about the sender, explains the reasons for the request, and includes specific requests related to the payment terms and penalties. The sender also emphasizes the importance of maintaining their credit rating and expresses gratitude for the bank's consideration.

How to use this document?

To use this document effectively, follow these steps:

1. Provide your information: Fill in the sender's information, including your account first name, account last name, account address, account phone number, and account email. If you are representing a company, include the account job and account job address.

2. Address the letter to the bank: Write the bank's address as the recipient of the letter. Include the current date.

3. Begin with a salutation: Start the letter with a salutation, addressing the recipient as 'dear sir/madam.'

4. Explain the purpose of the letter: Clearly state the reason for the letter, whether it is a request for interests only payment, a moratorium on payment, or a postponement of the payment deadline. Be concise and specific.

5. Make specific requests: If you are requesting interests only payment, specify that you want to pay interests only on the loan period and request the waiver of any penalties during the suspension of payment. If you are requesting a moratorium on payment, state this and request a moratorium on the loan repayment period, as well as the waiver of any interest or penalties during the suspension of payment. If you are requesting a postponement of the payment deadline, state this and request a postponement of the payment deadline period, along with the waiver of any interest or penalties during the suspension of payment.

6. Address credit rating and creditworthiness: Request that your credit rating, score, and creditworthiness not be affected by the suspension or extension of the loan repayment deadline.

7. Express gratitude and provide contact information: Thank the recipient for considering your request and express your hope to continue being a long-term customer. Provide your contact information, including your account phone number and account email, for further communication.

By following these steps, you can effectively use this document to request the suspension or extension of the loan repayment deadline from your bank.