Professional Documents
Culture Documents
From:
1. (Name and Address of Borrower)
To,
Cholamandalam Investment and Finance Company Limited,
‘Dare House’, No.2, N.S.C.Bose Road, Chennai.
Dear Sir,
In view of the present lockdown imposed by the Government across the country, on
account of COVID-19, my business is temporarily closed and I have huge cash flows problem.
Hence, I/We am/are unable to pay my instalments on the above loan on time.
I understand the Company has a policy to provide moratorium to tide over this crisis of
customers. Hence, please provide a moratorium for a period of …. months commencing
from ………….’2020 to ………….’2020 in paying instalments. I am aware interest on the
instalments will continue to accrue even if I get a deferment of the instalments. I shall
comply with all other conditions which will be imposed by the Company in this regard.
Thanking You,
Yours faithfully,
Borrower Co-Borrower.