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REQUEST TO RESTRUCTURE A LOAN PAYMENT

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REQUEST TO RESTRUCTURE A LOAN PAYMENT

Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000440
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

This letter is a formal request for restructuring the repayment of a loan sent by a borrower to a lender. The borrower confirms that he wants to make regular payments but requires some restructuring in the terms of the loan.

Description

Debts can be rescheduled by reducing payment amounts by extending the payment period.

Jurisdiction

This agreement is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.