Request Deferral of Interest Payment Template

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REQUEST DEFERRAL OF INTEREST PAYMENT

[DATE]

Dear [RECIPIENT NAME],

Having been a client of [BANK NAME] since the year [YEAR], I’m confident in your ability to assist me in resolving this issue. Our company currently has a term loan amounting to $[NUMBER] under the account number [NUMBER 1].

Our business is currently experiencing a few financial problems. To be more specific, we [REASON]. Based on our business’s current standing, we predict that we will be experiencing a few setbacks for a minimum of [NUMBER 2] months and a maximum of [NUMBER 3] months and will probably result in the business’s temporary inability to pay off the loan.

If you would be able to postpone our interest charges for the estimated aforementioned period, we would be very grateful. We assure you that this is only temporary and that we will do all that we can to get the business back on track so as to generate sufficient capital for us to operate fully and functionally. You will be notified immediately once we have dealt with this dilemma and are able to compensate for the loan.

Thank you for your time. We are hoping for your kind consideration and cooperation regarding this matter and apologize for any inconvenience we may have caused. Please feel free to contact us at [YOUR COMPANY PHONE NUMBER] or email us at [YOUR COMPANY EMAIL ID].

Regards,

[YOUR SIGNATURE]

[YOUR NAME]