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.
Loan Reschedule letter format
[Your Name] [Your Address][Your Email Address] [Your Phone Number] [Date]
[Loan Officer’s Name] [Loan Officer’s Title] [Bank Name or Lending Institution] [Bank Address]
Dear [Loan Officer’s Name],
I hope this letter finds you well. I am writing to request a rescheduling of the loan agreement for my loan account [Loan Account Number]. The purpose of this request is to discuss the possibility of adjusting the terms of the loan to better align with my current financial situation.
In light of these circumstances, I kindly request that you consider the following proposed changes to the loan agreement:
- Extension of Loan Term: I request an extension of the loan term from the original term of [Original Loan Term] to a new term of [Proposed New Loan Term].
- Revised Monthly Installment: To accommodate the extended loan term, I propose a reduction in the monthly installment payments. The new monthly installment amount would be [Proposed New Monthly Installment Amount].
- Interest Rate Adjustment: If necessary, I am open to discussing a temporary or permanent adjustment to the interest rate to further facilitate repayment.
I want to emphasize my commitment to repaying the loan and my intention to fulfill the revised terms as discussed and agreed upon. I understand that this reschedule will affect the overall repayment amount and the interest incurred over the life of the loan, and I am prepared to accept these adjustments.
I understand that this is a significant decision, and I appreciate your understanding and consideration of my request. Your flexibility and willingness to work with me during this time are greatly appreciated.
Please let me know your availability for a meeting to discuss this further. I can be reached at [Your Phone Number] or [Your Email Address]. I am hopeful that together we can arrive at an arrangement that benefits both parties.
Thank you for your attention to this matter, and I look forward to your response.
Sincerely,
[Your Name]