Tag Archives: Reduce Monthly Educational Loan Installment

Sample Letter of Requesting Loan Rescheduling to Bank

Sample letter of requesting loan rescheduling to bank. To Reschedule Loan Payment. The rescheduling of loan is required to pay the debt according to new policies in terms of revised interest ratio and duration of time period in which loan is to be paid. These easy formats are a real help for the interested ones.

Sample Letter of Requesting Loan Rescheduling to Bank

To,
Mr. Manager,
Alan and Sundry System,
Texas, United State of America.

Subject: Requesting loan rescheduling to bank by the employee

Respected Sir,

It is to state with due respect and honor that I am Mr. Yew Layman and a worker in the Steel Mills firm. In recent days, I had received a text message from this reputed bank regarding change in the schedule of the loan payment, so I am here at my earliest to get the new framework of the loan reschedules. I cannot come in person as I am coming to an old age so kindly see to this matter on personal level and make me thankful. Thank you.

Yours Truly,
Mr. Yew Layman.

Sample Request Letter to Bank for Loan Rescheduling

To,
Mr. Managing Director,
Joe and Sundry System,
Texas, United State of America.


Subject: Requesting loan rescheduling to bank by the student

Dear Madam,

It is to state with due respect and grace that I am Jew Layman, a student of M.Phil. and currently in the last semester. I had applied for education loan from this prestigious bank and was repaying the loan in installment, but I am hearing a change in the dues and duration of the schedule of payment of loan. I don’t want to pay the extra interest ratio that is why please forward me the reschedule of the loan on my email contact. Kindly see to this matter at your earliest. Thanking you in anticipation.


Yours Faithfully,
Mr. Jew Layman
5th January, 2019.

Advertisements

Request Letter to Bank Reduce Monthly Educational Loan Installment

Request Letter to Bank Reduce Monthly Educational Loan Installment

2nd January, 2019.
Your Name
Your Address
City, State Zip

Collection Agency
Collection Agency Address
City, State Zip
Re: Acct # XXXX-XXXX-XXXX-XXXX

To Whom It May Concern

Dear Sir,

I am regretfully informing you that I would like to request for the release of educational loan. This educational loan is under my name. I am going through a very critical phase of my life. My beloved father is admitted in hospital and he was diagnosed with stomach cancer, all the money is going for his treatment and I am unable to continue with my current payment plan. I am in a very bad shape right now and my pocket does not allow me to continue this payment plan. Therefore, as the need suggest I want to go for alternative payment method. I would like to offer a reduced monthly payment method by which it would be easy for me to pay and get back on my schedule as soon as possible. Please make it three
installments and extend the due date. I hope you notice my request and grant it as early as you see it, taking my unfortunate condition under consideration.

Yours Sincerely,

Abeeha Verma

Sample Letter for Reduction of Monthly Installment Payment

3rd January, 2019
Your Name
Your Address
City, State Zip

Collection Agency
Collection Agency Address
City, State Zip

Re: Acct # XXXX-XXXX-XXXX-XXXX

To Whom It May Concern

Refer to the above mentioned subject, I am writing this to inform that I am unable to pay educational loan with two installments. My budget is very limited right now and I cannot afford to pay two installments. My brother had a very bad accident and my family is spending a lot of money in his treatment. I have to compromise on the money but I cannot compromise on my studies so I have thought to find an alternative payment method and to extend date of payment. I want to be debt free also so that is why I am offering this method. I hope bank expertise will work on this matter and make it happen. I want to pay reduced monthly payment $10,000 instead of $30,000. I will be back on the schedule and resume my regular payment method as soon as things get fine with my family and
improves.

Yours Sincerely,
Anjali Shukla.