Loan Renewal Request Letter to Bank

I am writing to formally request the renewal of my current loan, account number [Your Loan Account Number], which is set to expire on [Current Loan Expiry Date]. Over the course of the loan term, I have diligently made all required payments and am committed to continuing this practice.

Reason for Renewal Request:
Given the current financial landscape and my ongoing commitments, I am requesting the renewal of this loan to ensure that I can meet my financial obligations effectively. The renewal will allow me to maintain my financial stability and continue managing my expenses without interruption. I am confident that with the extended term, I will be able to meet the loan repayments as agreed.

Loan Details:

• Original Loan Amount: [Original Loan Amount]
• Current Outstanding Balance: [Current Outstanding Balance]
• Current Interest Rate: [Current Interest Rate]
• Proposed Renewal Term: [Proposed Renewal Term]

Additional Information:
I would appreciate it if you could review my request and provide information on any additional requirements or documentation needed for this renewal process. I am open to discussing the terms and conditions of the renewed loan to ensure that it aligns with both my financial situation and the bank’s policies.

Please find attached copies of my recent financial statements and any other required documentation to facilitate the review of my loan renewal request. I am eager to continue our business relationship and am hopeful that this request can be processed in a timely manner.

Thank you for considering my request. I look forward to your favorable response and am available for any further information you may need.

Sincerely,
[Your Full Name]
[Your Contact Information]
[Your Address]