You are on page 1of 1

Date:

From:
1. (Name and Address of Borrower)

2. (Name and Address of Co-Borrower)

To,
Cholamandalam Investment and Finance Company Limited,
‘Dare House’, No.2, N.S.C.Bose Road, Chennai.
Dear Sir,

Sub: Request for Moratorium of Loan


Ref :1. Loan Agreement No……………..…………………
2. Asset Registration/ Identification No……………….

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.

You might also like