Request Letter for Loan Restructuring [Free Samples]

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Learn how to write a request letter for loan restructuring. Use our sample request letters for loan restructuring as templates for your loan restructuring request letter.

Sample 1 – Loan Restructuring Request Letter

[Name of Borrower] 
[Address of Borrower]
[City, State, Zip Code]


[Name of Loan Officer]
[Name of Lending Institution]
[Address of Lending Institution]
[City, State, Zip Code]

Re: Restructuring of Mortgage – [Mortgage Number]

Dear [Name of Loan Officer]:

This letter is a formal request for restructuring of my mortgage. I have fallen behind in payments for the last three months because my wife, Name of Wife, lost her job, which reduced our total income by half. I made the last payment on [DATE]. 

I sincerely want to keep my home and make regular payments, but, at this time, require some restructuring in the terms of the loan.

I request that the monthly payments be reduced and the delinquent payments be forgiven or recapitalized, so I can catch up and prevent delinquency in the future.

I would appreciate it if we could work together to find a way to normalize my mortgage payments.

I fully intend to pay my debt, but need some help until my wife finds another job and our financial situation stabilizes again. She currently has two possible job offers, and will know the results next month.

I apologize for getting behind in my payments, but, as you can see, it was out of my control.

I can be reached at [Phone Number] or at [Email Address] if you have any further questions. I hope we can meet soon to agree on the terms of a loan modification.

[Signature of Borrower]
[Printed name of Borrower]

Sample 2 – Loan Restructuring Request Letter

[Name of Borrower]
[Address of Borrower]
[City, State, Zip Code]


[Name of Lender]
[Name of Lending Institution if Applicable]
[Address of Lender or Institution]
[City, State, Zip Code]

Re: Restructuring of Car Loan – [Loan Number]

The aim of this letter is to reduce my car loan payments from [AMOUNT] to [AMOUNT] for the next six months.

When I got the loan, my income was [AMOUNT], but because of an illness, I lost my part-time job, so my income is only [AMOUNT] today. I have enclosed my medical report that clearly shows I was hospitalized for four days.

I am fully recovered from my illness and plan to get another part-time job to supplement the income from my work-at-home job. 

For the past two months, I have used my savings to maintain my car loan payments, but my savings account is almost empty.

I believe I can continue to make full payments in about six months starting on [DATE] if I can have some reduction in the amount I pay during that time.

I request to reduce my payment by [$150] from [$400] per month to [$250] per month for six months starting on [DATE] and ending on [DATE]. As of [DATE], I will continue to pay the full [$400] per month.

Thank you for considering my request. I can be reached at [Phone Number] or at [Email Address] if you have any questions or require any more documentation.


[Signature of Borrower]
[Printed Name of Borrower]
List of Enclosures: Medical report

Sample 3 – Loan Restructuring Request Letter

Name of Lending Institution 
Loss Mitigation Department
Name of Person
Mailing Address


To: Name of Person 

Re: Restructuring of Mortgage Loan – Loan Number

Due to recent, serious changes in my health, I have lost income, which is the reason I am behind in making my mortgage payments. 

We want to keep our home and fully intend to pay the mortgage, but we would like to renegotiate the terms of the home loan to avoid foreclosure and hope that you can help make this possible. 

I would be happy to discuss the situation with you at your earliest convenience and try to find a solution. 

Enclose please find doctor’s records concerning my disability as well as financial statements that demonstrate our reduced financial position. 

Please call me at any time at 555 123 4567 or send an email to


[Signature of Borrower]
[Printed Name of Borrower]
List of Enclosures

Frequently Asked Questions (FAQs)

1. What is a loan restructuring request letter?

Answer: A loan restructuring request letter is a document written by a borrower to a lender requesting a change to the terms of their loan, such as a longer repayment period or lower interest rate.

2. Why would a borrower need to request loan restructuring?

Answer: Borrowers may need to request loan restructuring if they are experiencing financial difficulties and are unable to make their loan payments on time.

3. What should be included in a loan restructuring request letter?

Answer: A loan restructuring request letter should include the borrower’s contact information, loan account number, the reason for requesting loan restructuring, the proposed changes to the loan terms, and a statement of the borrower’s commitment to repay the loan.

4. How can a borrower increase the chances of their loan restructuring request being approved?

Answer: A borrower can increase the chances of their loan restructuring request being approved by providing a detailed explanation of their financial situation, including any income and expenses, and a plan for how they will be able to repay the loan under the new terms. It’s also important to demonstrate a good track record of loan repayment, if applicable.

5. What are the possible consequences of loan restructuring?

Answer: The possible consequences of loan restructuring may include a longer repayment period, which can result in paying more interest over time, or a lower interest rate, which can result in lower monthly payments but may also extend the life of the loan. 

It’s important to consider these factors before requesting loan restructuring and to discuss them with the lender to find the best solution for both parties.

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