Dated: ………..
……
To
The Manager
YES Bank Limited
…………………Branch
Re: Request for restructuring of Credit Facility/loan(s) with your bank standing in the name of
__________________________________________(Borrower)
Dear Sir / Madam,
I /We have availed the following Credit facility/loan(s) from your Bank.
S. Loan Account Loan/Product Type Loan outstanding Was this Account to be
No Number (Home /Auto/CV/CE Amount (In lacs) account restructured
loan/Working capital etc) Restructured (Y/N)
in the past
(Y/N)
Please provide loan details in annexure, if there are > 2 loan(s)
Nature of restructuring sought( please choose as applicable)
1. Moratorium for 3 months/ 6 months/ 12 months/ 24 months/ ____ months(please tick/ input the requirement)
2. Tenor extension up to ___ months
3. Others __________
I /We would like to state that due to the impact of disruption on account of COVID-19 pandemic, i/we have faced salary
cut/loss of job /loss of Business earnings/liquidity crunch which has affected my/our ability to repay the loan in short
term. I /We request you to restructure the credit facility/loan(S)
Future Income details/Cash flows are furnished in the annexure
Loans with other Banks / NBFC / Friends and Relatives (as on date)
S. Lenders Loan/Product Type Loan outstanding Monthly/EMI Applied for
No (Home loan/auto amount (in lacs) liability restructuring
loan/Working capital etc) (Y/N)
I /We hereby irrevocably represent, declare, confirm and acknowledge that the information and other details furnished by me / us
are complete, true and correct and further agree, acknowledge, accept and confirm the same.
I / We are aware and acknowledge that the decision to restructure would be subject to detailed assessment & at the sole discretion
of the bank. Bank’s decisions will be final and binding.
I/We am/are willing to abide by all the terms and conditions including increase in EMI if required and undertake to execute all the
documents as may be required by the Bank.
I/We also understand that all other Terms and Conditions of sanction letter and security documents in respect of the above loan(s)
/Facility (ies) shall remain unchanged and binding on me/us.
I /We hereby agree to pay a onetime restructuring fee along with applicable taxes in case my /our case is approved by the bank.
I /We am/are aware that in terms of RBI guidelines, My /Our loan will be reported to the credit bureau as “restructured due to
COVID-19”. The credit history shall consequently be governed by the respective policies of the credit information companies as
applicable to accounts that are restructured.
In case customer address has changed from the registered address, customer to provide KYC docs along with this declaration
Thanking You,
Yours faithfully
(Name with signature & Mobile Number)
Borrower Co-borrower/Guarantor
Co-borrower/Guarantor
1
Annexure: Please fill in whichever is applicable
A. Future cash flows/Income statement (Applicable for Non-Salaried/Business Loans) Amt in Lacs
Description Mar’21 Mar’22 Mar’23 Mar’24
Actual/ Prov) Projected
Annual Sales / Revenue
(Monthly*12)
Less: Annual operating
expenses
(Excl Interest expense)
(Monthly *12)
Annual Cash flow from
operation (A)
(Monthly *12)
Less: Pending Statutory
liability (B)
Add: Any other cash flows
(Other income / sale of asset etc)
(C)
Total Cash flows available to
service EMI/loan
(D) = (A+C-B)
Total EMI/loan obligation to
be paid (Including interest on
working capital) - (E)
Net cash flows (D-E)
B. Future cash flows/Income statement (Applicable for Salaried Loans) Amt in Lacs
Description Mar’21 Mar’22 Mar’23 Mar’24
Actual/ Prov) Projected
Annual Salary / Income
(Monthly *12)
Less: Annual operating
expenses (Excl Interest
expense) (Monthly*12)
Annual Cash Flows – (A)
(Monthly* 12)
Less: Any pending statutory
liability (B)
Add: Any other cash flows–
(C)
Total Cash flows available to
service EMI (D) = (A+C-B)
Total EMI/loan to be paid
(Including interest on working
capital) - (E)
Net Cash Flow (F)= D-E
