Sample Letter for Delay in Bank Loan Payment

Template / Example Letter Format for postpone of loan payment with loan repayment schedule in excel to Bank

Rocket /SBI/12-13/215

March 31, 2013

Director

State Bank of India

1/5 GN Road, Munirka

New Delhi – 700 001.

Dear Sirs,

Sub:  Repayment of Outstanding Loan

We would like to mention that we are passing through tight financial position and are not in comfortable situation thus compelling us to make request for reschedulement of your outstandings.  We have paid your up-to-date interest as on 31.03.2013 and would also like to repay the principal amount as soon as we are sailing smoothly.  However, we would like to propose the reschedulement as under:

The expected repayment schedule of Rs. 5.00 Crores @ 10% is as follows:

Date (Old)	Date (New)	Amount (Rs.)
-	-	25,00,000.00
-	-	25,00,000.00
-	-	50,00,000.00
-	-	50,00,000.00
-	-	50,00,000.00
-	-	1,00,00,000.00
-	-	1,00,00,000.00
-	-	1,00,00,000.00
TOTAL	…	5,00,00,000.00

The expected repayment schedule of Rs. 3.00 Crores @ 12% is as follows:

Date (Old)	Date (New)	Amount (Rs.)
-	-	100,00,000.00
-	-	200,00,000.00
TOTAL	…	300,00,000.00

We are pretty sure that yours being the major promoter would definitely accede to our request.

Thanking you,

Yours faithfully

For ROCKET SALES CORPORATION LTD.

(R KHAN)

PRESIDENT