Request Deferral of Interest Payment

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Request Deferral of Interest Payment

Request Deferral of Interest Payment

Date:

{{date}}

To:

{{lender_name}}

{{lender_address}}

From:

{{company_name}}

{{company_address}}

{{phone}}

{{email}}

{{website}}

Subject: Request for Deferral of Interest Payment - Account No. {{account_number}}

Dear {{lender_contact_person}},

This letter serves as a formal request from {{company_name}} for a temporary deferral of interest payments on our existing loan/credit facility, Account Number: {{account_number}}.

We are currently experiencing unforeseen temporary financial challenges due to {{reason_for_hardship}}, which has impacted our cash flow. We anticipate these challenges to be resolved by {{expected_resolution_date}}.

We kindly request a deferral of interest payments for a period of {{deferral_period_months}} months, commencing from {{start_date_of_deferral}}. During this period, we propose to {{proposed_payment_arrangement_during_deferral_period, e.g., continue paying the principal amount, pay a reduced interest amount, etc.}}.

Loan/Credit Facility Details:

Account Number: {{account_number}}

Original Loan Amount: {{original_loan_amount}}

Current Outstanding Principal Balance: {{outstanding_principal_balance}}

Original Interest Rate: {{original_interest_rate}}

Next Interest Payment Due Date: {{next_interest_payment_due_date}}

Proposed Deferral Terms:

We propose that interest payments be deferred for a period of {{deferral_period_months}} months, from {{start_date_of_deferral}} to {{end_date_of_deferral}}.

During this deferral period, we respectfully request consideration for {{specific_proposal_during_deferral, e.g., a complete suspension of interest payments, a reduced interest rate of X%, etc.}}. We understand that interest may accrue during the deferral period and are open to discussing how this accrued interest can be managed, such as through {{proposal_for_accrued_interest, e.g., extending the loan term, capitalizing it, or paying it in a lump sum at a later date}}.

Commitment and Future Payments:

We remain fully committed to meeting our financial obligations with {{lender_name}}. We believe that this temporary deferral will allow us to navigate our current financial challenges and ensure our continued ability to service our debt effectively in the long term. We are confident that upon the expiry of the deferral period, we will be in a position to resume full interest payments as per our original agreement, or as adjusted by the agreed-upon deferral terms.

We are available to discuss this request further at your earliest convenience and to provide any additional information or documentation you may require to support our request.

Sincerely,

{{company_name}}

{{authorized_signatory_name}}

{{authorized_signatory_title}}

Signature: _________________________

Date: _________________________