Sample Letter for Requesting Installment Payments of Loan

Sample Letter for Requesting Installment Payments of Loan

[Below briefly describe on Sample Letter for Requesting Installment Payments of Loan. You should explain the actual problem and situation that cause Installment Payments. You can modify this sample as your requirement.]

Date…

Authority name…

Job Designation…

Company/Institute name…

Address…

Sub: Requesting Installment Payments of Loan

Respected Manager,

I took a loan from the company last month (Date) due to some financial crisis which I was facing. (Explain actual problem and situation in your own words). The amount of the loan was (Amount of money) and the deadline to pay the amount back is on (date: dd/mm/yy). However, I was thinking that it would be difficult for me to collect the amount and more convenient if the money would be deducted directly from my salary every month. (Describe your requirements). This way I will also not have to worry about saving up the amount.

Kindly consider my request and you may contact me for any further queries. I would be very grateful to you. Thank you.

Best Regards,

Your Name…

Job Designation…

Company/Institute name…

 

Another format,

Date…

Authority name…

Job Designation…

Company/Institute name…

Address…

Sub: Letter for Installment Payments of Loan

Dear manager,

I sent this letter to request for Installment Payments of Loan. I took a loan of (Amount of amount) from the bank/ institute/company, few months (date) ago and the due date of pay the amount back is (date). Till now I have paid back 70/80% of the amount of the loan, however, at the moment I am going through some financial drawbacks and will not able to arrange the rest 30/20% by the deadline. (Explain actual problem and situation in your own words). Therefore, I request to please extend my deadline or Installment Payments of Loanto the next month so that I can easily arrange the money. (Describe your requirements).

I have attached the official documents which contact the term of the loan and proof of the paid amount. You may contact me in case of any queries or clarification. Thank you.

Best Regards,

Your Name…

Job Designation…

Company/Institute name…