Loan Recovery Process for Liquidated Financial Institutions
Please follow the steps below to complete the repayment of your outstanding loan with Barwaqt financial services limited (Seedcred/Microcred).
Watch the Loan Repayment Process
Watch the video to understand the complete loan repayment process. The video provides a step-by-step guide covering the required payment process and submission of supporting documents.
Obtain Your Credit Report
First, obtain your credit report from TASDEEQ Information Services Limited to confirm the outstanding amount payable to Barwaqt financial services limited (Seedcred/Microcred).
Deposit the Outstanding Amount
Deposit the higher outstanding amount reported as payable to Barwaqt financial services limited (Seedcred/Microcred) into the following designated bank account:
Designated Bank Account
Important
- Payments must be made only through a Bank Makramah Limited branch.
- No payment will be accepted through mobile banking apps, digital wallets, or any other digital means.
- Complete the bank deposit slip with your full name, CNIC number, contact number, and purpose of transaction.
- Collect the duly stamped deposit slip from the bank as proof of payment.
- Do not deposit the amount into any account other than the designated account mentioned above.
Submit Your Payment Details
After making the payment, email the required information and supporting documents to:
Please provide:
- Name
- CNIC
- Cell Number
- Outstanding Loan Paid
- Date of Repayment
Attach Supporting Documents
Your email must include:
- Scanned copy of the stamped deposit receipt
- Credit report(s) obtained from the credit bureau(s)
- Copy of the borrower's CNIC
Credit History Update
After the outstanding amount has been deposited, the Official Liquidator will share updated credit information with the Credit Bureaus within four weeks for updating the borrower's credit history relating to Barwaqt financial services limited (Seedcred/Microcred).
Important Notice
Payments made to unauthorized recovery agents or any other account will not be recognized for clearing or updating your credit history.
Credit Report
For your credit report, borrowers may refer to the official websites of TASDEEQ Information Services Limited.
Official Liquidator
Government Public Notice
Please review the official public notice issued regarding Barwaqt financial services limited (Seedcred/Microcred) and the loan repayment process.
Click Here to Review Notice