Sample Loan Deferment Request Letter

I am writing to formally request a deferment on my current loan, [Loan Account Number]. Due to unforeseen circumstances, I am experiencing financial difficulties and am unable to meet my regular payment obligations at this time.

I have been a loyal customer and have consistently made payments on time. However, recent changes in my financial situation, including [briefly explain the circumstances, e.g., medical emergencies, job loss, etc.], have made it difficult for me to manage my loan payments effectively.

I kindly request a deferment of [number of months or specific period] to provide me with the opportunity to stabilize my financial situation. During this period, I would appreciate it if you could suspend my loan payments. I assure you that I am committed to repaying the loan and will resume payments as soon as my financial situation improves.

Please let me know the necessary steps to formalize this request and any documentation I need to provide. I am willing to discuss this matter further and provide any additional information needed to support my request.

Thank you for considering my request. I look forward to your favorable response.

Sincerely,

[Your Full Name]
[Your Contact Information]
[Your Address]
[Email Address]
[Phone Number]