The Housing Development Corporation (HDC) has extended the opportunity for individuals to apply for deferment for installment and rental payments for the commercial units, plots of land and flats issued under the corporation to individuals and businesses.
This was introduced in March, to ease the burden for the people during these trying times with the Covid-19 pandemic sweeping across the globe at an alarming rate, and has even reached the Maldives.
HDC opened the opportunity for individuals who were unable to apply when the deadline expired.
The deferment has been announced for 30% of payments for the months of April and May and customers who apply for the deferment are eligible for it.
Those who wish to request the deferment for the month of May is requested to fill out the special form ande-mailit to the corporation by May 15. The application forms are available for download through HDC’s website.
In addition, customers who request the deferment who have already made installation and rent payments through the Bank of Maldives (BML)’s direct debit for the following two months, will be reimbursed by 30%. Customers are required to make the payments for 70% of the bills and must pay the remaining 30% for April and May within a 12-month period.
Those who are unable to make the payments within the required time will be given the opportunity to pay back under the corporation’s debt collection policy, said HDC.
In addition, HDC has also announced the opportunity for their customers to convert their conventional loans under Islamic loan schemes for which compound interest has been revoked.
It was earlier revealed that the corporation will be introducing further deferments in connection to the pandemic as part of the government’s efforts to combat the spread of the fatal virus in the country, if required.
In addition, HDC has opened the opportunity to make payments online through their Bank of Maldives account 7701-134831-003 or through the Maldives Islamic Bank via 9901-01-48000439-100. Customers are requested to forward the receipt to 7290448 once the payment is confirmed. This number is also available for further information.
