Confirmation Letter of Extension of Payment Date

This is a sample confirmation Letter of Extension of Payment Date.

Business Name

Adders

Date…………

To

Name

Address

Reg: Rescheduling of repayment period and reducing the monthly installment amount

Dear

In response to your request letter dated …………, the management has agreed to amend the terms of repayment of your loan as following:

Monthly installment amount has been reduced from Rs. …………/- to Rs. …………/- till your personal loan is, repaid fully.

You are advised to fill up the fresh loan documents immediately.

Yours faithfully

Manager (Finance)