Dear [Lender's Name], I am writing to formally request an extension of time on the promissory note that I am currently obligated to pay. I hope that you will consider granting me this extension, as I am facing unforeseen circumstances which have impacted my ability to meet the current repayment deadline. I understand that my original repayment date is approaching, and I sincerely apologize for any inconvenience this may cause. However, due to [reason for extension request], I kindly ask for an extension of [number of days/months] to fulfill my financial obligation. [Explain the reason for the extension request in detail, providing relevant information that justifies the need for additional time. Be honest and transparent in your explanation, whether it is due to personal financial difficulties, medical emergencies, loss of employment, or any other valid reason.] I assure you that I am committed to fulfilling my obligations and understand the importance of repaying the loan in a timely manner. I am confident that the extenuating circumstances I am currently facing will be resolved within the extended timeframe requested, enabling me to honor my commitment to you. In acknowledgment of this request, I am willing to [offer alternatives, such as making partial payments, providing collateral, or extending the repayment period but at a different interest rate]. I hope this demonstrates my genuine intent to meet my obligations and maintain a positive relationship with you. Please find enclosed any supporting documentation that verifies the situation I am currently facing. I believe this will provide further context to support my request for an extension of time. I understand that this extension is subject to your approval, and I kindly ask for your prompt consideration of this matter. You're understanding and flexibility during this challenging time would be immensely appreciated. I would be grateful if you could communicate your decision regarding this extension request at your earliest convenience. Please do not hesitate to contact me at [your contact information] to discuss any further details or if you require additional information. Thank you for your understanding and consideration. Sincerely, [Your Name] [Your Address] [City, State, Zip Code] [Your Contact Information]
Connecticut Sample Letter for Request for Extension of Time on Promissory Note
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A grace period for a promissory note is a specified time frame that allows the borrower to make a payment without incurring a penalty. This period may vary based on the terms set within the note or practices within the lender's policies. If you believe a grace period is necessary, consider drafting a Connecticut Sample Letter for Request for Extension of Time on Promissory Note to request additional time.
My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.
Dear Sir. RE: Request for extension time in paying fee. I am Santos, a student of Avenue Park School and I am writing to request for an extension of time in paying up the school dues that I have not been able to clear due to unavoidable circumstances back at home.
The financial condition of my family has become quite uncertain and unstable. As a result of this, I have not been able to pay my school fee for the month of May and June, 2019. Kindly give my family a time period of two weeks. I shall be able to pay the fee by July 2, 2019.
(Cordially describe your greetings). We will try our best to make the payment on time and apologize for the inconvenience caused to you. I ask you to consider my request for postponement of the last day for the advance payment of the money promised according to the deal signed between us and your company (date).
I am writing this letter to request you to extend the submission period of fee payment by a (week/month/quarter), which is from // (Date) to // (Date). The reason behind the extension of my fee payment is (reason for requesting extension).
I respectfully ask for permission to pay my fees a week or two after the due date. My father had passed away many years ago and my mother is unable to work full time, so my siblings and I are the earners of the house and we each have part-time jobs. (Explain the actual problem and situation).
How to write a leave extension letterCheck your company's leave extension rules.Include date, name and address.Add the name and address of the recipient.Add a subject line.Add a salutation.Refer to your original leave status.Explain the reason for the extension.Specify the duration of the extension.More items...?
My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.
I hereby write to inform you that I will not be able to pay the fees of (Semester/Year) due to (salary issues/some other emergency payments). I promise that I shall pay the fees by (Date and Month), and there will be no delay in the same.
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