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This is a Letter to the Bank requesting for loan relief and to suspend loan repayment or pay only interests or extend payment deadline during the coronavirus (COVID-19) crisis. This may be applicable to payments regarding loan payment/repayment. This loan closure letter is in the format of a word document.
Main Contents of The Letter to Bank Include:
As you are aware, I have always been very diligent on my loan repayment. However, given the impact of the Coronavirus and the loss of income, I have encountered unprecedented hurdles in my ability to service my loan in the usual manner.
This letter to the bank can be used during the coronavirus, whereby an individual is looking for loan relief and/or looking to request a deadline extension. This serves only as a template and you may wish to make other requests.
This Letter to the Bank can be used to request the bank to:
- Pay interests only on the loan
- Offer Moratorium on the Loan Repayment
- Waive any penalties during the suspension of loan repayment
- Postponement of the Payment Deadline
- Waive any interests of penalties during the suspension of payment