Bank Extension Period for Mortgage Loan

Property value had nothing to do with extension of repayment. Both thing are different in techical way. Extension depende up on  terms of agreement that you had made while lending finance.

. May I appeal to BANK to EXTEND 6 Months to 1 Year (Is it possible for Further Extenstion) for the Balance 10 Lakhs, when My Property Value is way more than Loan O/S ? 

'ASK" is the main principle in the lesson of success.

So write a polite and meaniful letter seeking extension of time and explain the reasons for such your request.

Any reasonable thinking banker yields to the legitimate and justified requests and keeping long term relations (past and future) with client.

The good value of property is a plus feature.  They can either provide time, or provide a new loan and charge separate market interest for the same.

. May I appeal to BANK to EXTEND 6 Months to 1 Year (Is it possible for Further Extenstion) for the Balance 10 Lakhs, when My Property Value is way more than Loan O/S ? 

'ASK" is the main principle in the lesson of success.  Doubt for such asking is first step for spoiling opportunities.

So write a polite and meaniful letter seeking extension of time and explain the reasons for such your request.(First para write details of loans, understanding reached and thank them for their maganimity in permitting and extending time.  Next para give explanation for the reasons as to why you could not keep up your commitments point wise, the third para should state what you require as favour from the bank, and fifth para mention your value of property and past sincerity and assure them that there is no loss for the bank due to this extention, than once gain request them to consider and thank them in advance)

Any reasonable thinking banker yields to the legitimate and justified requests and keeping long term relations (past and future) with client.

The good value of property is a plus feature.  They can either provide time, or provide a new loan and charge separate market interest for the same.

 Prepare for alternatives by  contacting  some other bank sfor mortgage loan of Rs.10 lakhs and inform them that they can repay the existing loan of first bank, and take such mortgaged documents worth Rs.75 lakhs  directly from them.