Loan Waiver Request Letter Template

This Loan Waiver Request Letter is designed for use by a borrower who has defaulted, or expects to default, under a loan agreement. It notifies the lender of the issue and requests a waiver of one or more borrower obligations.

What This Loan Waiver Request Letter Template Does

If a borrower becomes aware of an event of default (or a breach that will become an event of default), it should not delay informing the lender and proposing a plan to remedy the position. Putting the request in writing helps reduce the risk of dispute later and creates a clear record of what is being requested.

Notice And Default Mechanics

Any waiver request should comply with the notice and default provisions of the underlying loan agreement. This template is designed to comply with the relevant clauses in our Long Form Loan Agreement - Unsecured.

Related Template

If you are documenting the lender’s decision to waive a default, use Loan Waiver Letter instead.

Loan Waiver Request Letter Template is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.