Lahore: The House Building Finance Company (HBFC) recently announced the deadline for rescheduling/restructuring of debt payments to provide relief to those affected by the coronavirus lockdown — a news source reported.
The deadline to submit the application to delay the payment of the principal debt amount has been set at June 30, 2020; while the application for restructuring/rescheduling debt payments can be submitted by March 31, 2021.
The relief package allows for a delay in repayment of debt for up to 12 months, and also contains provisions for restructuring and rescheduling of the debts — permitting debtors to make their payments regularly.
Interested parties can visit their nearest HBFC branch for queries, more information, and to submit applications. You can also visit HBFC’s website for additional details.
With millions of people facing financial difficulties due to the coronavirus lockdown and its impact on the economy, the relief package is expected to provide the debtors and the HBFC’s clients more time to pay their debts once the economic situation has improved.
