[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP] Subject: Request for Extension of Time for [Type of Loan] Repayment Dear [Bank Name], I hope this letter finds you well. I am writing to respectfully request an extension of time for the repayment of my [type of loan] with your esteemed institution, due to unforeseen circumstances. My loan account number is [Account Number], and the original repayment date was scheduled for [Original Repayment Date]. However, I am facing unexpected financial challenges that have made it difficult for me to fulfill my repayment obligations within the initial timeframe. The reasons contributing to my financial hardship include [provide a concise explanation of the circumstances causing financial strain, for example: sudden medical expenses, loss of employment, etc.]. The impact of these circumstances has affected my ability to meet my financial obligations promptly. Having reviewed my current financial situation, I am confident that I will be able to resume regular payments within approximately [proposed extension duration]. During this extension period, I kindly request your understanding and flexibility in granting me an extension to assist in mitigating the temporary financial setback I am experiencing. I assure you that I remain committed to meeting my obligation and will do everything possible to fulfill the revised payment schedule. I am aware that additional interest may be charged for the extended period, and I fully accept this as a fair adjustment under the circumstances. To further demonstrate my commitment, I have attached the necessary documentation to support my financial predicament, including [include any supporting documents such as medical reports, termination letters, etc., that validate your situation]. I kindly request that you review my request for an extension of time and provide me with written confirmation of your decision at your earliest convenience. This formal confirmation will allow me to better plan and organize my finances accordingly. I would like to sincerely express my gratitude for your consideration and understanding. I believe in the cooperative relationship we have built over time, and I am confident that we can reach a mutually beneficial solution to address this unexpected difficulty. Please feel free to contact me at [phone number] or [email address] to discuss any further details or to arrange a meeting. I am available at your convenience. Thank you for your time and attention to this matter. Yours sincerely, [Your Name]