HBFC is striving to be a socially responsible and commercially sustainable housing finance institution.

APPLICATION PROCEDURE AND REQUIREMENTS

Document

HBFC Products & Its Features

 
  Ghar Aasan Scheme – Flexi (GAS – Flexi) Ghar Pakistan Scheme (GPS)
Loan Facility Amount Up to PKR 25,000,000/- Loan Facility Amount up to PKR 45,00,000/- 
Loan Facility Tenure 3 – 20 years 3 – 20 years
Profit Type Variable Fixed
Profit Rate
  • Salaried: 1 Year KIBOR* + 3.25%
  • Self-employed Businessmen / Self-Employed Professionals: 1 Year KIBOR* + 3.50 % * To be revised Annually
12.00%
Loan To Value (LTV) Ratio / HBFC’s Share Up to 70% forced sale value (FSV) of the property to be mortgaged Up to 80% forced sale value (FSV) of the property to be mortgaged
Insurance Coverage Life and Property Insurance coverage to the extent of financing amount *Insurance / Takaful Companies on HBFC's Approved Panel Life and Property Insurance coverage to the extent of financing amount *Insurance / Takaful Companies on HBFC's Approved Panel
Collateral Specifications -
  • House - Maximum plot size up to 300 sq. yds.
  • Flat - Maximum covered area up to 1400 sq. fts. (as per conveyance deed)

List of personal documents required from customer with application form

S.No. Document Requirement
1 Passport size coloured photographs of the applicant 3
2 Passport size coloured photographs of the co-applicant(s) 3
3 Passport size coloured photographs of the guarantor(s) 3
4 CNIC/NADRA receipt (if CNIC issuance is under progress) of applicant 03 copies attested (both sides)
5 CNIC/NADRA receipt (if CNIC issuance is under progress) of co-applicant (s) 03 copies attested (both sides)
6 CNIC/NADRA receipt (if CNIC issuance is under progress) of guarantor(s) 03 copies attested (both sides)
7 In Purchase Case Only - CNIC/NADRA receipt (if CNIC issuance is under progress) of seller Attested Copy (both sides)

List of income related documents required from customer with application form

Salaried
Sr.No. Financing Up to PKR 10 Million   Sr.No. Financing above PKR 10 Million  
1 Latest 04-month salary slip Original 1 Latest 04-month salary slip Original
2 Salary Certificate having following particulars (Name, CNIC, Date of Joining, Gross & Net monthly income, Terms of employment, Period of Contract) Original 2 Salary Certificate having following particulars (Name, CNIC, Date of Joining, Gross & Net monthly income, Terms of employment, Period of Contract) Original
3 Last 06-month Bank Statement Original 3 Last One year Bank Statement Original
4 Latest utility bills of electricity and GAS/PTCL Copy 4 Latest utility bills of electricity and GAS/PTCL Copy
           
Self Employed Professionals (SEPs)
Sr.No. Financing Up to PKR 10 Million   Sr.No. Financing above PKR 10 Million  
1 Latest 01-year Bank Statement Original 1 Latest 02-year Bank Statement Original
2 Income Tax Return (if required) Copy 2 Business Registration Certificate, issued by FBR Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Income Tax Return Copy
4 Ownership Documents /Tenancy agreement of business place Copy 4 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
5 Latest utility bills of electricity and GAS/PTCL of business premises Copy 5 Ownership Documents /Tenancy agreement of business place Copy
6 Professional Association Membership Certificate/Practice License Copy 6 Latest utility bills of electricity and GAS/PTCL of business premises Copy
7 Account Maintenance Letter /Bank Relationship Certificate (if required) Original 7 Professional Association Membership Certificate/Practice License Copy
      8 Account Maintenance Letter /Bank Relationship Certificate Original
      9 Profit & Loss Statement/Income Statement of last 02 years Original
      10 Two references of Suppliers/Buyers (on Company's letter head) Original
Business Income - Self Employed Business (SEBs)
Sr.No. Financing Up to PKR 10 Million   Sr.No. Financing above PKR 10 Million  
1 Latest 01-year Bank Statement Original 1 Latest 02-year Bank Statement Original
2 Income Tax Return (optional) Copy 2 Business Registration Certificate, issued by FBR Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Income Tax Return  Copy
4 Ownership Documents /Tenancy agreement of business place Copy 4 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
5 Latest utility bills of electricity and GAS/PTCL of business premises Copy 5 Ownership Documents /Tenancy agreement of business place Copy
6 Account Maintenance Letter /Bank Relationship Certificate Original 6 Latest utility bills of electricity and GAS/PTCL of business premises Copy
      7 Account Maintenance Letter /Bank Relationship Certificate Original
      8 Profit & Loss Statement/Income Statement of last 02 years Original
      9 Two references of Suppliers/Buyers (on Company's letter head) Original
Business Income - Rental income
Sr.No. Financing Up to PKR 10 Million   Sr.No. Financing above PKR 10 Million  
1 Latest 01-year Bank Statement Original 1 Latest 01-year Bank Statement Original
2 Income Tax Return (optional) Copy 2 Income Tax Return (optional) Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
4 Latest utility bills of electricity and GAS/PTCL of business premises Copy 4 Latest utility bills of electricity and GAS/PTCL of business premises Copy
5 Ownership documents   5 Ownership documents  
6 Rent agreement Copy 6 Rent agreement Copy
Business Income - Agricultural income
Sr.No. Financing Up to PKR 10 Million   Sr.No. Financing above PKR 10 Million  
1 Latest 01-year Bank Statement Original 1 Latest 01-year Bank Statement Original
2 Income Tax Return (optional) Copy 2 Income Tax Return (optional) Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
4 Certificates of ownership issued by the Tehsildar or Mukhtiarkar. Original 4 Certificates of ownership issued by the Tehsildar or Mukhtiarkar. Original
5 Annual estimated/agricultural income obtained from Revenue Department. Original 5 Annual estimated/agricultural income obtained from Revenue Department. Original
6 Ushr payment receipt. Copy 6 Ushr payment receipt. Copy
Business Income - Poultry, Fish & Cattle Farms and Orchid
Sr.No. Financing Up to PKR 10 Million   Sr.No. Financing above PKR 10 Million  
1 Latest 01-year Bank Statement Original 1 Latest 01-year Bank Statement Original
2 Income Tax Return (optional) Copy 2 Income Tax Return (optional) Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
4 Latest utility bills of electricity and GAS/PTCL of business premises Copy 4 Latest utility bills of electricity and GAS/PTCL of business premises Copy
5 Ownership Documents /Tenancy agreement of business place Copy 5 Ownership Documents /Tenancy agreement of business place Copy
6 Account Maintenance Letter /Bank Relationship Certificate Original 6 Account Maintenance Letter /Bank Relationship Certificate Original
7 Profit & Loss Statement/Income Statement of last 02 years Original 7 Profit & Loss Statement/Income Statement of last 02 years Original
8 Two references of Suppliers/Buyers (on Company's letter head) Original 8 Two references of Suppliers/Buyers (on Company's letter head) Original
Non Resident Pakistani
Sr.No. Financing Up to PKR 10 Million   Sr.No. Financing above PKR 10 Million  
1 Salary Certificate if applicant is on visit of Pakistan Original 1 Salary Certificate if applicant is on visit of Pakistan Original
2 Salary Certificate if applicant is abroad
Duly attested by the Pakistan Mission in that country OR
Vetted by notary public / legal counsels/solicitors of respective countries, and by the state departments operating under the immigration sections of Middle East countries
Original 2 Salary Certificate if applicant is abroad
Duly attested by the Pakistan Mission in that country OR
Vetted by notary public / legal counsels/solicitors of respective countries, and by the state departments operating under the immigration sections of Middle East countries
Original
3 Self-employed - affidavit/business income, Business registration certificate and confirmation by Pakistan embassy/ consulate Original 3 Self-employed - affidavit/business income, IRA certificate and confirmation by Pakistan embassy/ consulate Original
4 Passport and valid visa Copy 4 Passport and valid visa Copy
5   Copy 5 Tax Return Copy
6 Foreign Bank Statement (optional) Original 6 Foreign Bank Statement  Original
7 Work permit Valid 7 Work permit Valid
8 NICOP/CNIC Valid 8 NICOP/CNIC Valid
9 Proof of remittances Copy/ original 9 Proof of remittances (incase of guarantor income) Copy/ original
10 Affidavit for NRP On stamp paper of Rs.100/- (duly attested by notary public) that he/she do not own immovable property outside Pakistan original 10 Affidavit for NRP On stamp paper of Rs.100/- (duly attested by notary public) that he/she do not own immovable property outside Pakistan original