HDC Extends Payment Deferment for 2 Months

Monday 1st of June 2020

HDC Extends Payment Deferment for 2 Months

Housing Development Corporation has announced extension of payment deferral for the month of June and July. This follows the corporation’s decision to delay payments of 30% of the installments/rents for the month of April and May.

For the months of April, May, June and July, 30% of the rent or installment payment of the corporation’s flats, commercial units, houses and other properties will be allowed deferral. Those who wish to delay their payments are to submit application form available on MyHulhumale web portal.

However, applications will be accepted of those who have been completing payments according to the agreement until the end of March. Further, the remaining 70% of the payment on every month should be repaid before 15th August 2020.

The deferred payments are to be repaid in no longer than 12 months. Repayment period commences on November, meaning that for 3 months after July, customers will be paying the regular instalment or rent. The corporation has also introduced a debt collection policy which will allow ease in payments for those facing financial difficulties.