The State Bank approved a one-year deferred payment of consumer loans

The State Bank approved a one-year deferred payment of consumer loans.





Karachi: State Bank of Pakistan announces relief for Consumer Customers;

According to media reports, the State Bank has stated that loans for car, home, personal expenses and credit card users will be deferred. This facility will be available to users whose payment is regular till 31st December. Will not charge.

The State Bank of Pakistan added that banks will be able to collect only interest or profit during this time, consumers who cannot pay interest or profit can request restructuring, the State Bank said, deferring or rescheduling loans. Credit history will not be affected, volunteers will be rescheduled and deferred to the Bank Helpline.

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