email persuading a lender to defer paying a student loan. what is at stake for the...

email persuading a lender to defer paying a student loan.
what is at stake for the loan if it defers the loan?
what regulating bodies govern how a lender may alter a the terms of a loan agreement?
what objections might a lender raise to differing the loan?
what channel is the best way to reach the lender
what tone will work best in the message to the lender?
how long of a deferral are you requesting?

Expert Solution

1. What is at stake for the loan if it defers the loan?

Bank may fall in risk of honouring other obligations to whom it s payable.
It losses interest due to the time value of money.
Bank incurs additional expenditure for the modifications in the loan agreement.
There might be a risk of future recovery.

2. What regulating bodies govern how a lender may alter the terms of a loan agreement?

The National Bank of the country (for instance it is Reserve Bank of India)

3. What objections might a lender raise to defer the loan?

To provide additional security.
Increase the interest rate.
Charge of Loan modification charges.

4. What channel is the best way to reach the lender?

Physical appearance at the bank is the best possible way to redress your grievance.

The front office people could help you in the procedure for the postponement provided you submit a letter (mail) with the required documents.

5. What tone will work best in the message to the lender?

Humble, requesting and in a promising tone is best suited in the message to the lender.

Like- I request your goodselves for defering the loan, I would be thankful for you, I promise to pay.

6. How long of a deferral are you requesting?

It would be as per the requirements; however it is preferable not to request for a deferment for more than a Quarter or three instalments to maintain faith.

ekkarill92 answered 2 years ago

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