Ask Question - Get Answer

1 Ans Application for the extension of Loan Payment Date

Asked by Birds of the sky (1 Gold) Wednesday, 02 Dec 2020, 12:11 PM at (Jobs Job Preparation)

Please log in to answer, like and save
Save 0

<<< Previous
Log in to Answer Next >>>


 The pandemic has affected your company economically. Your company is now in some financial crunch due to it. But you have a loan with a bank. Due to the financial crisis you are unable to pay it back in due time. So write a letter to the manager of a bank requesting for some extension of loan payment date.

1.12. 2020

The Manager

Janata Bank Limited

Motijheel Branch

Dhaka- 1000

Sub: Application for the extension of loan payment date.

Dear Sir,

I would like to draw your kind attention to the fact that many SME industry along with other businesses have been badly affected during the lock-down and the pandemic. Many SME industries have been totally closed. Some have been on the verse of the closure. Its effect on my SME industry has been vast too. Now the maintenance of existence of the industry has been so touch let alone paying the loan. But my company had been smooth in paying the loan in regular installments because of its some good policies. The loan was taken four years ago. And according to the terms and conditions, the last installment of my loan will be in the month of May, 2021. The amount of the loan was 40 lakhs. My company has made all the repayments of my SME loan on time till date but recently, the sales of my company have reduced drastically and arrears from the buyers of my company have been on the rise. Actually it started from the mid March and it keeps continuing. Besides my company was closed for three months due to the pandemic and my company is still recovery period and I hope it can recover from the financial crisis very soon. This is the reason why I request for the extension period so that I can repay the loan comfortably.

I, therefore, pray and hope that you would be kind enough to grant me the extension for 6 months more so that I can repay the loan comfortably with regular installments.

Yours sincerely

Shah Ali Hasan

Prepared by:

এম.আর.জেড. তুহিন

Answered by Birds of the sky (1 Gold) Wednesday, 02 Dec 2020, 12:12 PM

Please log in to Upvote, Downvote and Report

Related Q/A:

1 Ans Current Affairs November 2020 download important MCQ page

1 Ans Focus writing: Cyber Security

1 Ans Challenges and required measures for Covid -19 vaccine in our country

1 Ans How to recover 2nd wave of Coronavirus in the perspective of BD

1 Ans 100% Free Online Job Exam system

1 Ans Telemedicine and its importance

1 Ans All formula of Algebra to find value from an expression

2 Ans Use of ICT in Banking sector in Bangladesh - Focus writing

1 Ans Bravo to our remittance heroes - English Focus Writing

1 Ans Current affairs November 2020 free pdf download link - Download now

AL MaMun active 4 days ago (4 Golds)
Birds of the sky active one day ago (1 Gold)
Tajrimun Elisha (active on Friday, 22 Nov 2019, 08:56 AM) (2 Golds)
Hena Begum (active on Friday, 15 Feb 2019, 11:04 PM) (8 Bronzes)
Ghost (active on Saturday, 05 Jan 2019, 10:37 AM) (1 Silver)
APU KUMAR ROY (active on Sunday, 22 Sep 2019, 02:42 AM) (1 Bronze)
BrandonDug (active on Thursday, 17 Dec 2020, 05:25 AM) ( New Contributor )
Md Hasan (active on Saturday, 02 Nov 2019, 10:02 AM) (4 Bronzes)
Md Mondol (active on Tuesday, 23 Jul 2019, 10:28 PM) (2 Bronzes)
Sowrov (active on Thursday, 14 Feb 2019, 10:48 AM) (7 Bronzes)
Jackson99 (active on Monday, 27 Apr 2020, 02:44 PM) ( New Contributor )
عبد الحنان سلفي (active on Friday, 28 Aug 2020, 05:04 PM) (2 Bronzes)
Daily Science (active on Friday, 03 Jan 2020, 07:52 PM) ( New Contributor )
Hazrat (active on Sunday, 26 May 2019, 05:55 AM) (2 Bronzes)
Shahansha Habib (active on Monday, 21 Oct 2019, 04:09 PM) (2 Bronzes)
student (active on Monday, 27 Jul 2020, 07:28 PM) (2 Bronzes)
Arif Hossain (active on Tuesday, 08 Jan 2019, 11:59 PM) (3 Silvers)
GoMedii (active on Monday, 21 Dec 2020, 02:28 PM) ( New Contributor )
Hr Hannan (active on Tuesday, 11 Dec 2018, 12:28 PM) (2 Bronzes)
Apu Kumar Roy (active on Thursday, 28 Mar 2019, 07:05 PM) ( New Contributor )
Show All Members

Online Now 1
Today's Unique PageViews 239
Today's Total PageViews 1030
Site's Total PageViews 2079237