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

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Naya Pakistan Naya Ghar

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

Eligibility Criteria:

  • All Pakistani nationals holding valid CNIC
  • The customer must not own any residential housing unit / apartment and will be first time home owner
  • Facility will be available for only once to an individual.
  • Facility will be for construction and first purchase of newly constructed affordable housing unit.

Financing Limit:

 
Tier I Up to PKR 2,700,000/-
Tier II Up to PKR 3,000,000/-
Tier III Up to PKR 5,000,000/-

Monthly Income:


Minimum Maximum
  • For Residents
    • Must minimum be meeting specified DBR for requested financing

  • For non-Residents:
    • Minimum  Rs. 50,000/- per month
  • For Tier I and Tier II:
    • Up to Rs. 100,000/- individual or Rs. 140,000/- household
  • For Tier III:
    • Up to Rs. 200,000/- individual or Rs. 250,000/- household

Income Clubbing:

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

Financing Tenor:

  • 10/15/20 Years (depending upon choice of the customer)

Loan To Value Ratio (LTV):

  • Up to 85 : 15

Pricing:

 
Tier I & Tier II
  • Fixed @ 5%  per annum for 1st 05 years

  •  Fixed @ 7% per annum for next 05 years

  • Floating rate of 01 Y KIBOR + 2.0 % p.a. (with floor of 7% and ceiling of 12% to be charged after 10 years)

Tier III
  • Fixed @ 7%  per annum for 1st 05 years

  • Fixed @ 9% per annum for next 05 years

  • Floating rate of 01 Y KIBOR + 2.5 % p.a. (with floor of 8% and ceiling of 13% to be charged after 10 years)

Collateral Specification:

 
Tier I Housing units / apartments of up to 125 SY (up to 05 Marla) with covered area of up to 850 SF and priced (market value) at maximum of Rs. 3.50 Mn (built under NAPHDA projects).
Tier II Housing units / apartments of up to 125 SY (05 Marla) with covered area of up to 850 SF and priced (market value) at maximum of Rs. 3.50 Mn.
Tier III Housing units of more than 125 SY up to 250 SY (10 Marla) or apartments with covered area from more than 850 SF to 1100 SF and priced (market value) at maximum of Rs. 6.00 Mn.
Last updated on: 21 Oct, 2020