KARACHI: With the aim to facilitate customers, House Building Finance Company Limited (HBFCL) has signed a memorandum of understanding (MOU) with Pakistan’s first and largest branchless banking service, a joint-venture between Tameer Microfinance Bank and Easy Paisa of Telenor Pakistan.
Under this arrangement, Pakistan’s premier housing finance institution HBFCL and Easy Paisa have reached an understanding to use Easy Paisa Services Network to facilitate HBFCL customers for paying their instalments timely. The MoU partners anticipate that a large number of target customers would prefer to avail this service in view of the unique facility it offers.
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It is a group based model which provides that the borrowers obtaining loans from HBFCL would be able to repay their loan installments through Easy Paisa outlets or online. Along with the existing facility of repayment of loan installments through postdated cheques, this is an additional facility being offered to HBFCL customers.
