Ms. Sarah Green 1234 Birchwood Avenue Lakeside, FL 33401
Dear Ms. Green,
We have received and reviewed your request for a loan extension on your current loan account. We are pleased to inform you that we are able to accommodate your request. Your original loan of $25,000, which was set to mature on October 3, 2050, will now be extended for an additional 12 months, with a new maturity date of October 3, 2051.
The extended loan will continue at the existing annual interest rate of 4.2%. The new monthly payment amount will be adjusted to $529.77, starting from November 3, 2050. Enclosed with this letter are the updated terms and conditions reflecting the new loan maturity date and payment schedule.
Please review, sign, and return the enclosed agreement by September 15, 2050, to confirm the extension. If you have any questions or need further assistance, please contact our loan servicing department at [Your Email] or [Your Number].
We appreciate your continued partnership with [Your Company Name] and look forward to supporting you through the extended loan term.
