This is a sample denial letter of request for Extension of Time for repayment.
Sub : Rescheduling of repayment period and reducing the monthly installment amount
We acknowledge the receipt of your letter …………, in which you have requested for the rescheduling of the repayment period and reducing the monthly installment amount.
After considering your request carefully, we regret to inform you that we are unable to grant you any further extension for the repayment of your loan and also, we cannot reduce the monthly installments as well.
As a matter of principle, we can’t deviate from our established policies and terms to favor an individual case.