Request Deferral of Interest Payment

Sender Information

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Recipient Information

{{lender_name}}

{{lender_address}}

Attention: {{lender_contact_person}}

Subject

REQUEST FOR DEFERRAL OF INTEREST PAYMENT ON LOAN FACILITY NO. {{loan_account_number}}

Introduction

Dear {{lender_contact_person}},

We are writing to formally request a deferral of interest payments on our existing loan facility, account number {{loan_account_number}}, which was granted on {{loan_commencement_date}}.

Reasons for Request

{{company_name}} is currently experiencing temporary financial challenges due to {{reason_for_financial_hardship, e.g., unexpected market downturn, temporary operational disruption, unforeseen expenditure}}. While we remain fully committed to meeting our repayment obligations, this short-term situation has impacted our immediate cash flow, making it difficult to meet the upcoming interest payment(s) without affecting critical business operations.

Proposed Deferral Period and Arrangement

We propose a deferral of interest payments for a period of {{deferral_period_in_months}} ({{deferral_period_in_words}}) months, commencing from {{start_date_of_deferral}}. During this period, we would appreciate it if the interest payments could be {{proposed_arrangement, e.g., added to the principal and re-amortized, paid in arrears at a later date, reduced to a nominal amount}}. We are open to discussing alternative arrangements that may be suitable for both parties.

We are confident that our financial position will stabilise within this proposed deferral period, allowing us to resume full interest payments and continue with our scheduled principal repayments as per the original agreement. We have attached {{supporting_documents, e.g., cash flow projections, financial statements}} for your review to demonstrate our current financial standing and future projections.

Commitment and Future Actions

We understand the importance of fulfilling our commitments and appreciate your partnership. We believe this temporary deferral will provide us with the necessary breathing room to overcome our current challenges without compromising the long-term viability of our business. We commit to keeping you regularly updated on our financial performance during the deferral period and are available to discuss this matter further at your earliest convenience.

Conclusion

Thank you for considering our request. We look forward to your positive response and continued support.

Sincerely,

Signature

____________________________

{{authorised_signatory_name}}

{{authorised_signatory_title}}

{{company_name}}