Money problems can hit anyone at any time. You might face job loss, medical bills, or other financial challenges that make it tough to pay your loans on time. During these hard times, asking for extra time to pay can be a lifesaver.
This article shows you how to write a good extension request letter. Each sample gives you ideas for your own situation. Look through these examples to find the right words for your needs.
Letters of Request for Extension of Loan Payment
These sample letters will help you ask for more time on your loan payments.
1. Basic Request Due to Temporary Financial Hardship
Subject: Request for Extension of Loan Payment – Account #12345
Dear Loan Manager,
I am writing about my personal loan with account number 12345. For the past two years, I have made all payments on time and fulfilled my obligations as agreed.
Recently, I lost my job due to company downsizing. While actively looking for new work, I need a short extension on my upcoming payment due on May 15, 2025. I can pay the full amount by June 15, 2025.
My job search is going well, with two promising interviews next week. This extension would help me manage my finances until I secure new employment.
Thank you for considering my request. I value our business relationship and plan to return to my regular payment schedule as soon as possible.
Sincerely,
John Smith
123 Main Street
Anytown, TX 12345
Phone: (555) 123-4567
Email: johnsmith@email.com
2. Request Due to Medical Emergency
Subject: Loan Payment Extension Request – Account #54321
Dear Customer Service Department,
This letter concerns my auto loan, account number 54321. I have been your customer since 2021 and have maintained an excellent payment history.
Last month, I had an unexpected medical emergency that required surgery and a two-week hospital stay. This situation has created significant medical bills and temporary disability, affecting my income.
I would like to request a 45-day extension on my May payment. My doctor expects me to return to work by mid-June, at which point I will resume my regular payments. I can provide medical documentation if needed.
My long-term financial situation remains stable, and this is just a temporary setback. I appreciate your understanding during this difficult time.
Thank you for your consideration,
Sarah Johnson
456 Oak Avenue
Cityville, CA 98765
Phone: (555) 987-6543
Email: sarahjohnson@email.com
3. Request with Partial Payment Offer
Subject: Payment Extension Request with Partial Payment – Loan #98765
Dear Loan Officer,
I am writing regarding my home equity loan, account number 98765. I have been a loyal customer of your bank for over seven years.
Due to unexpected car repairs costing $2,800, I am facing a short-term cash flow problem this month. I can make a partial payment of $400 now (half of my regular payment), and I request an extension of 30 days for the remaining $400.
My financial situation will improve next month when I receive my quarterly bonus at work. I have attached proof of this upcoming payment from my company.
Thank you for considering this arrangement. This accommodation would help me maintain my good credit standing while managing this temporary financial hurdle.
Respectfully yours,
Michael Williams
789 Pine Street
Hometown, FL 34567
Phone: (555) 456-7890
Email: michaelwilliams@email.com
4. Request Due to Natural Disaster
Subject: Loan Payment Extension Request Following Hurricane Damage
Dear Lending Team,
I am writing about my personal loan (account #45678). As you may know from news reports, our area was severely hit by Hurricane Thomas last week.
My home suffered significant damage, requiring immediate repairs to make it livable. These unexpected costs have strained my finances during this crisis. Thankfully, my family is safe, but we face challenging weeks ahead.
I request a 60-day extension on my loan payments. My insurance claim is being processed, but repairs cannot wait. Once I receive the insurance settlement, I will catch up on my loan obligations.
The local government has declared our county a disaster area, and I can provide documentation of the damage to my property if needed.
Thank you for your support during this difficult time,
Jennifer Lopez
321 Beachside Drive
Coastal City, NC 23456
Phone: (555) 234-5678
Email: jenniferlopez@email.com
5. Request Due to Family Emergency
Subject: Request for Temporary Extension – Loan #34567
Dear Customer Relations Manager,
I am writing regarding my student loan, account number 34567. Since beginning repayment two years ago, I have maintained perfect payment history.
A family emergency has arisen that requires my immediate attention and financial support. My mother has fallen seriously ill, and I need to travel across the country to care for her for several weeks. This unexpected situation has created additional expenses and temporary income reduction as I take unpaid leave from work.
I kindly request a 30-day extension on my upcoming payment. My employer has approved my return date, and I will resume my regular income and payment schedule next month.
Thank you for understanding this temporary family crisis. Your flexibility would be greatly appreciated during this challenging time.
With appreciation,
David Brown
567 Maple Lane
Midtown, IL 67890
Phone: (555) 345-6789
Email: davidbrown@email.com
6. Request from Small Business Owner
Subject: Business Loan Payment Extension Request – Loan #87654
Dear Loan Department,
This letter concerns our business loan, account number 87654, for Main Street Bakery LLC.
Our business has faced unexpected challenges this quarter due to prolonged road construction directly in front of our shop. Customer traffic has decreased by approximately 40% during this period, significantly affecting our cash flow. The city confirms the construction will be completed within three weeks.
We request a 45-day extension on our upcoming loan payment. Our business remains fundamentally sound, with strong customer loyalty and growing catering orders. This is simply a temporary setback due to factors outside our control.
We have attached our latest quarterly financial statements, showing our healthy business status prior to the construction project.
Thank you for your consideration of this temporary accommodation,
Robert and Mary Johnson
Owners, Main Street Bakery LLC
234 Main Street
Business District, WA 45678
Phone: (555) 876-5432
Email: mainstreetbakery@email.com
7. Request After Job Change
Subject: Loan Payment Extension Request Following Career Transition
Dear Lending Institution,
I am writing regarding my car loan, account number 23456. For the past three years, I have maintained an excellent payment record.
Last month, I accepted a new job that offers better long-term prospects but has a different payment schedule than my previous employment. My first paycheck from the new position will arrive on the 30th, which is after my loan payment due date.
I request a 15-day extension on my upcoming payment. This one-time adjustment will allow me to align my new income schedule with my financial obligations. Moving forward, all payments will continue as scheduled.
Thank you for considering this short-term adjustment as I transition to a better career opportunity. I have attached my offer letter confirming my new position and pay schedule.
Best regards,
Amanda Clark
876 Sunset Avenue
Westville, GA 56789
Phone: (555) 765-4321
Email: amandaclark@email.com
8. Request with Proposed Payment Plan
Subject: Extension Request with Alternative Payment Arrangement – Loan #65432
Dear Financial Services Representative,
I am writing about my personal loan with account number 65432. I have been your valued customer for four years with a spotless payment history.
Due to a recent divorce and the associated legal costs, I am experiencing temporary financial constraints. Rather than miss a payment, I would like to propose an alternative arrangement.
I request permission to make three reduced payments of $300 each for the next three months (instead of the usual $600 monthly payment). Beginning in August, I would increase payments to $700 for five months to catch up on the deferred amount.
My financial situation will stabilize once the divorce proceedings conclude next month. This arrangement would allow me to maintain good standing on my loan while managing this life transition.
Thank you for considering this proposal,
Thomas Wilson
432 River Road
Valley Town, OR 78901
Phone: (555) 654-3210
Email: thomaswilson@email.com
9. Request Due to Seasonal Work Income
Subject: Seasonal Income Loan Extension Request – Account #56789
Dear Loan Servicing Department,
I am writing regarding my boat loan, account number 56789. I have maintained consistent payments since taking out this loan two years ago.
As you may know from my loan application, I work in the tourism industry as a tour guide, with most of my annual income earned during the summer months. This season, unusually bad weather has delayed the start of our tour operations by nearly a month, temporarily affecting my income.
I request a 60-day extension on my May and June payments, which I will make up during my peak earning period in July and August. This arrangement would align with my seasonal income pattern.
The tourism forecast for mid-summer remains strong, and my company has a full booking schedule starting June 15.
Thank you for your understanding of my seasonal work situation,
Daniel Martinez
654 Harbor View
Seaside, ME 89012
Phone: (555) 543-2109
Email: danielmartinez@email.com
10. Request After Unexpected Home Repairs
Subject: Loan Payment Extension Request – Account #78901
Dear Loan Officer,
I am writing about my personal loan, account number 78901. My payment history has been perfect since beginning this loan three years ago.
Last week, my home’s main water pipe burst, causing significant water damage to my basement. The emergency repairs cost $5,200, which has temporarily strained my finances. While my home insurance will cover most of this cost, I must pay upfront and wait for reimbursement.
I kindly request a 30-day extension on my upcoming loan payment. My insurance company estimates the reimbursement will arrive within 3-4 weeks, at which point I will resume my regular payment schedule.
I have attached documentation of both the emergency repairs and the insurance claim confirmation.
Thank you for your assistance during this unexpected situation,
Emily Davis
987 Lakeside Drive
Mountainview, AZ 90123
Phone: (555) 432-1098
Email: emilydavis@email.com
11. Request Due to Vehicle Breakdown
Subject: Request for Extension on Loan Payment – Account #89012
Dear Customer Service Team,
This letter concerns my student loan, account number 89012. I have been diligently making payments since graduation two years ago.
Recently, my car broke down completely, requiring a replacement. This unexpected expense has temporarily affected my monthly budget. While my emergency fund covered part of the cost, I need a short extension on my loan payment.
I request a 21-day extension on my upcoming payment. My next paycheck arrives on the 25th, which would allow me to make the payment then.
Going forward, my budget has been adjusted to accommodate both my car payment and student loan payments. This is a one-time request due to an emergency situation.
Thank you for considering my request,
Christopher Lee
321 College Avenue
University Town, NY 01234
Phone: (555) 321-0987
Email: christopherlee@email.com
12. Request After Identity Theft
Subject: Loan Extension Request Following Identity Theft – Account #90123
Dear Financial Institution Representative,
I am writing about my home loan, account number 90123. I have maintained perfect payment history for the past five years.
Last month, I became a victim of identity theft. My bank accounts were temporarily frozen while the fraud investigation took place. While this matter is now resolved, it has disrupted my normal financial operations and access to funds.
I request a 30-day extension on my upcoming mortgage payment. The police report and banking investigation results are attached for your reference.
My accounts have now been secured and restored, but the timing has affected my ability to make this month’s payment on schedule. This situation was completely beyond my control.
Thank you for your understanding during this stressful time,
Patricia Anderson
789 Security Lane
Safehaven, TX 23456
Phone: (555) 210-9876
Email: patriciaanderson@email.com
13. Request After Death in Family
Subject: Request for Payment Extension Due to Family Loss – Loan #01234
Dear Loan Servicing Team,
I am writing regarding my personal loan, account number 01234. I have been your customer in good standing for over four years.
With deep sadness, I must inform you that my father passed away last week. During this difficult time, I need to handle funeral arrangements and travel to be with family. These unexpected expenses, combined with time away from work, have created a temporary financial challenge.
I respectfully request a 45-day extension on my next loan payment. By that time, I will have returned to work and resolved the immediate financial matters related to this family loss.
Thank you for your compassion and understanding during this difficult period in my life.
With gratitude,
Elizabeth Taylor
456 Family Circle
Hometown, MI 34567
Phone: (555) 109-8765
Email: elizabethtaylor@email.com
14. Request Due to Banking Error
Subject: Extension Request Due to Banking System Error – Account #12340
Dear Lending Services,
I am writing about my auto loan, account number 12340. I have consistently made on-time payments throughout the life of this loan.
On May 1st, I initiated my monthly payment through my bank’s online system as usual. However, due to a technical error at my bank, the payment was not processed. My bank has acknowledged this system-wide issue that affected numerous customers.
I request a 10-day extension without late fees, as this situation was caused by a banking error beyond my control. I have already reinitiated the payment, which should clear within 3-5 business days.
The confirmation from my bank regarding this error is attached to this letter.
Thank you for your understanding of this unusual circumstance,
James Miller
567 Technology Road
Digital City, CA 45678
Phone: (555) 098-7654
Email: jamesmiller@email.com
15. Request After Military Deployment Change
Subject: Military Deployment Extension Request – Loan #23401
Dear Loan Department,
I am writing regarding my personal loan, account number 23401. I have maintained excellent payment status since beginning this loan.
As an active-duty military member, I have received unexpected orders to deploy overseas earlier than previously scheduled. My departure date has been moved up by three weeks, giving me limited time to arrange my financial affairs.
I request a 60-day extension on my loan payment while I establish my deployment pay and set up automatic payments from overseas. The military pay department typically requires 30-45 days to fully process deployment status changes.
I have attached a copy of my deployment orders (with sensitive information redacted). As you know, the Servicemembers Civil Relief Act provides certain protections for active-duty military personnel.
Thank you for your support of military customers,
Captain Richard White
789 Military Housing
Base City, VA 56789
Phone: (555) 987-6540
Email: richardwhite@email.com
Conclusion
Writing a good loan extension request takes honesty and clear facts. These sample letters show how to explain your situation, ask clearly for what you need, and suggest solutions. With the right approach, you can work with your lender to handle payment challenges while protecting your credit rating.