Extension Letter for Pag-IBIG Loan

I hope this letter finds you well. I am writing to formally request an extension for my Pag-IBIG loan, account number [Your Account Number]. Due to unforeseen circumstances, I am unable to meet the current payment schedule and would like to discuss the possibility of extending the term of my loan to better manage my financial obligations.

Background

I took out the loan on [Loan Start Date] to finance [Purpose of Loan], and the original term was set for [Original Loan Term] months. Due to [Reason for Extension Request, e.g., health issues, job loss, or economic challenges], I am currently facing difficulties in making timely payments. I have always strived to honor my commitments and ensure that my payments are made on time; however, this situation has put me in a challenging position.

Request for Extension

I am requesting an extension of [Number of Months or Years] months/years to the loan term. This extension will provide me with the necessary time to improve my financial situation and resume regular payments. I am confident that with this extension, I will be able to manage my payments more effectively without compromising my financial stability.

Supporting Documents

Enclosed with this letter are the necessary supporting documents that provide evidence of my current financial situation. These documents include:

1. A detailed statement of my current financial situation.
2. Proof of income or lack thereof.
3. Any other relevant documents that support my request.

Plan Moving Forward

I am committed to repaying the loan and have formulated a revised payment plan that will allow me to continue meeting my obligations in a manageable manner. I am open to discussing this plan in detail and making any necessary adjustments to ensure it aligns with Pag-IBIG Fund's requirements.

Conclusion

I respectfully request your understanding and support in granting this extension. Please let me know if you require any additional information or if there are specific procedures I need to follow to facilitate this request. I am hopeful that with your assistance, I can successfully navigate this challenging period and continue honoring my loan commitments.

Thank you for your time and consideration.

Sincerely,

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