Press enter to see results or esc to cancel.

Debt Negotiation Letter

If a person or an institution takes a loan against a property, he or she is called a debtor. Loans are issued by financial companies like banks to the debtors by verifying several documents. Creditors and debtors play an important role in the finance industry.

  • As it is a formal letter, the language should be simple and easy to understand.
  • The letter should be short, precise and right up to the point.
  • You have to state how much you owe to the creditor and then inform how much you are willingto pay.
  • Specify the mode of mode of payment you want to pay.

Template

Use our free to help you get started. Simply download the .doc or pdf file and customize it. If you need additional help or more examples check out some of the sample letters below.

To,

__________ (employee’s name)

__________ (employee’s address)

__________

__________

From:

______________ (Your name)

______________ (Your address)

__________________

Date __________ (date of writing letter)

Dear Mr. /Ms__________ (name of the concerned person),

I am a customer of your organization for the past________( mention period) years. I have taken a loan of____________(mention amount)_on__________(mention date). I have paid only few installments which amount to___________(mention amount).

Because of personal problems I could not concentrate on my business and incurred huge losses. Right now I am not in a position to repay the full loan amount. I have decided to make a payment of________(mention amount) through a cheque.

I kindly request the authorities to consider my case as genuine and accept the payment. I shall discuss with your legal officer about the payment of the remaining loan amount.

Thanking you,

Yours Sincerely,

_____________ (Your name)

Download Template (Doc and PDF)

Word Filepdf

Sample, Email and Example/Format

Sample

To

Star enterprises,

45, Main Road,

Chembur Road,

Chennai

Dear Sir,

I am a customer of your company for the last two years. I have taken a loan of Rs 2,00,000 on 25th September, 2011. I paid the initial five installments on time and made a couple of other payments in irregular installments.

Due to recession, my business incurred losses and I am not in a position to repay the complete loan amount at this point of time. I want to inform you that I can pay 50 percent of the loan amount now and the remaining amount by the end of next year. I shall pay an amount of Rs 1,00,000 in the form of a cheque within a couple of days.

I request the authorities to consider my case and accept the payment. I can meet your legal expert and seek his opinion as well in this regard.

Thanking you,

Yours Sincerely,

Narayana Murthy

Email Format

To

Star enterprises,

45, Main Road,

Chembur Road,

Chennai

Dear Sir,

I am a customer of your company for the last two years. I have taken a loan of Rs 2,00,000 on 25th September, 2011. I paid the initial five installments on time and made a couple of other payments in irregular installments.

Due to recession, my business incurred losses and I am not in a position to repay the complete loan amount at this point of time. I want to inform you that I can pay 50 percent of the loan amount now and the remaining amount by the end of next year. I shall pay an amount of Rs 1,00,000 in the form of a cheque within a couple of days.

I request the authorities to consider my case and accept the payment. I can meet your legal expert and seek his opinion as well in this regard.

Thanking you,

Yours Sincerely,

Narayana Murthy

Generator

Still feeling lazy to write ?
Try our letter generator to write professional, concise and quality letters within seconds.
Comments

Leave a Comment

banner