Repayment deferment in credit facility account simply refers to the postponement of repayment of credit facility’s account until a later period or date.

During the deferment period borrowers are not required to make payments to the account until the end of the period. Repayment deferment on credit facility account can most likely occur when borrowers faced financial difficulties. However, the consent or approval for repayment deferment in any credit facility account is dependent on the respective bank’s or financial institution’s policy.

Repayment deferment in credit facility account in this function essentially allows the rescheduling past and/ or future repayments' of the respective credit facility.