The extension of maturity has been made purely to address timing mismatches in receipt of proceeds from the ongoing monetisation of retail asset pools of the company.
RHFL has already monetised over Rs 5,000 crore of retail assets and will continue to do so to meet its debt servicing obligations, the company said.
The company offers services like home loans, affordable housing loans, loan against property and construction finance.
The housing finance sector is dealing with an extraordinary situation where all categories of lenders in the country have completely frozen new lending to private sector companies for nine long months, leading to a severe adverse impact on economic growth and a potential systemic threat to the stability of the Indian financial system, RHFL said.
The non-banking finance companies and housing finance companies have been facing liquidity crunch ever since the unfolding of IL&FS and group companies' payment default since September 2018.
The contagion effect has seen other companies feeling the liquidity crisis with DHFL making several defaults in the recent past.