Pakistan’s First SBP Licensed Credit Bureau

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.

1

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).

2

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

Account Title:
M/s. Seedcred Financial Services Limited (In Liquidation)
Account No.:
0418586002000321
IBAN:
PK05BMLP0418586002000321
Bank:
Bank Makramah Limited, Pakistan

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.
3

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
4

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
5

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

Name Syed Ishfaq Hussain Shah
Phone 051-8430814

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