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

Document

Mera Pakistan Mera Ghar

Low-Cost Housing Finance Scheme under the Prime Minister’s Vision

Purpose:

  1. Purchase
  2. Construction

Eligibility Criteria:

  • All Pakistani nationals holding valid CNIC
  • First time home owner
  • One individual can have subsidized house loan facility under this scheme only once

Maximum Loan Size:

 
Tier 1 (T1) Up to PKR 2,700,000/-
Tier 2 (T2) Up to PKR 6,000,000/-
Tier 3 (T3) Up to PKR 10,000,000/-

Maximum Income:

Tier 1 (T1)

Tier 2 (T2)

Tier 3 (T3)

          No income capping

Income Clubbing:

  • As per prevalent policy applicable for borrower, co-borrower and guarantor

Financing Tenor:

  • Minimum:  05 years
  • Maximum: 20 years

Loan To Value Ratio (LTV):

  • Up to 85 : 15

Pricing:

 
Loan Tier

Customer Pricing

HBFC Pricing after initial 10 years

Tier 1 (T1)
  • Fixed @ 3%  per annum for 1st 05 years

  •  Fixed @ 5% per annum for next 05 years

  •       KIBOR+250 BPS
Tier 2 (T2)
  • Fixed @ 5%  per annum for 1st 05 years

  • Fixed @ 7% per annum for next 05 years

 

  •       KIBOR+400 BPS
Tier 3 (T3)
  • Fixed @ 7%  per annum for 1st 05 years

  • Fixed @ 9% per annum for next 05 years

 

  •       KIBOR+400 BPS
 

HBFC Pricing may be reviewed after initial period of 10 years for compensating any unforeseen ries in KIBOR.

 

Size of Housing Unit:

 
Tier 1 (T1)
  1. House up to 125 sq yds (05 Marla) with maximum covered area of up to 850 sq ft and
  2. Flat/appartment with maximum covered area of 850 sq ft.
Tier 2 (T2)
  1. House up to 125 sq yds (05 Marla) and
  2. Flat/appartment with maximum covered area of 1,250 sq ft.
Tier 3 (T3)
  1. House up to 250 sq yds (10 Marla) and
  2. Flat/appartment with maximum covered area of 2,000 sq ft.

 

Age of Housing Units:

Tier 1 (T1)

Tier 2 (T2)

Tier 3 (T3)

Newly constructed housing units during last one year from the date of application

However, this requirement will not be applicable till March 31, 2023 under Tier 2 (T2) and Tier 3 (T3)

Maximum Price (Market Value) of Housing Units:

 
Tier 1 (T1) Rs 3.5 million
Tier 2 (T2) No cap
Tier 3 (T3) No cap
Last updated on: 07 May, 2021