Request for Extension of Loan Repayment

I hope this message finds you well. I am writing to formally request an extension on the repayment of my loan, originally scheduled for [original repayment date]. Due to [reason for extension request], I am unable to meet the repayment deadline as planned.

Over the past few months, [briefly explain the reason for the delay, e.g., financial difficulties, unexpected expenses, job loss, etc.]. Despite my best efforts to manage my finances and adhere to the repayment schedule, these unforeseen circumstances have created a temporary financial shortfall.

I kindly request an extension of [number of months/years] to the repayment term. This extension will provide me with the necessary time to stabilize my financial situation and ensure that I can meet my obligations without undue hardship. I am committed to fulfilling my loan responsibilities and believe that this extension will allow me to do so effectively.

To demonstrate my commitment, I have attached [any supporting documents, e.g., updated financial statements, a revised budget, etc.]. I am open to discussing any alternative arrangements or adjustments to the repayment plan that might be more feasible.

Thank you for considering my request. I am hopeful for a favorable response and am willing to provide any additional information or documentation as needed. Please let me know if there are any forms or procedures that I need to complete for this request.

Sincerely,

[Your Full Name]
[Your Contact Information]
[Loan Account Number]