Thursday, October 24, 2013

Sample Letter for Exemption from Loan Instalment


Request for Release from Loan Instalment

October 24, 2013

To
The Manager
(enter bank name)
(enter branch name)
Address Line 1
Address Line 2

Sub: Exemption from Loan Instalment against Personal Loan A/C No.: …………………….

Dear Sir,

I availed a Personal Loan from your highly reputed bank in the year (enter year). Since sanction, I paid the instalments continuously till (enter date). But after that I failed to pay the instalments as there was a robbery at my house. The robbery cost me a number of valuables, including cash, jewellery, etc. The unexpected incident put me into untold financial hardship. As a result, I was in no position to repay the remaining (enter amount). Here, I should inform you that my previous payments have already covered the capital loan amount. Therefore, at present I owe you a scanty amount of money against the interest.

At present I am still struggling to recover from the loss. Hence, it is still impossible for me to pay the due installments. As a consequence, I would highly appreciate if you kindly consider my case from humanitarian point of view and release me from the aforesaid due amount and oblige thereby.

Thank you in advance for your kind consideration on my request.

Yours faithfully,

Handwritten Signature
(Name of Signatory) 
Address Line 1
Address Line 2
Contact No.:...............

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