GHAR SAHULAT SCHEME
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or purchase your
home in Pakistan
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Making Home Loans Simple and Hassle-free
Are you looking to buy your own house? Do you have it all figured out? Saving to buy your first home can be a challenge, but that is why we are here to sort out your financial woes for you.
We take great pride in making our customers dream homes come a reality for the last seven decades.
If you have always dreamed of having, a home of your own, now is the time to make your dreams a reality.
HBFC Home Finance Loan can be availed to buy or build a house/apartment anywhere in Pakistan through our affordable and flexible financing options.
Key Features
| Purpose | Construction and Purchase of House/Apartment |
| Income Criteria | Verifiable net disposable monthly income |
| Facility Amount | Up to PKR 30 Million |
| Facility Tenure | 3 — 20 years |
| Markup Rate | Salaried: 01 Year KIBOR * + 3.00% Self-employed Businessmen: 01 Year KIBOR * + 3.50% Self-employed Professionals: 01 Year KIBOR * + 3.50% * Yearly re-pricing on each anniversary of financing. |
| Loan To Value (LTV) Ratio / HBFC's Share | Up to 85% on the basis of market value assessed by valuator (of the property to be mortgaged) or purchase value, whichever is lower |
| Balloon Payment Facility | Charges applicable as per (SOC) |
| Early Settlement Facility | Charges applicable as per (SOC) |
Eligibility Criteria
| Citizenship | Resident Pakistanis | - |
| Facility of Applicant/ Co-Applicant/Guarantor | Co-applicant allowed Co-applicant must be an immediate family member Guarantor must be a family member having inheritance right in the property to be mortgaged | - |
| Age of Applicant/Co- Applicant/Guarantor | Minimum: 23 years Maximum: *60 years *At the time of maturity of facility | - |
| Income Criteria | Verifiable net disposable monthly income | |
| Salaried Individuals (SIs) | Government | At least 01 years (Permanent Employees) At least 03 years (Contractual Employees) |
| Other | At least 03 years (Permanent Employees) At least 04 years (Contractual Employees) |
|
| Self Employed Professionals (SEPs) | N/A | At least 03 years |
| Self Employed Businessmen (SEBs) | N/A | Total business tenure of at least 03 years and minimum 02 years in current business |
| Expatriate Pakistanis | N/A | Total employment tenure of at least 03 years |
Documents Required
| 1 | Passport size colored photographs of the applicant | 03 |
| 2 | Passport size colored photographs of the co-applicants | 03 |
| 3 | Passport size colored photographs of the guarantor(s) | 03 |
| 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) |
| 1 | Passport size colored photographs of the applicant | 03 |
| 2 | Passport size colored photographs of the co-applicants | 03 |
| 3 | Passport size colored photographs of the guarantor(s) | 03 |
| 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) |
| 1 | Passport size colored photographs of the applicant | 03 |
| 2 | Passport size colored photographs of the co-applicants | 03 |
| 3 | Passport size colored photographs of the guarantor(s) | 03 |
| 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) |
| 1 | Passport size colored photographs of the applicant | 03 |
| 2 | Passport size colored photographs of the co-applicants | 03 |
| 3 | Passport size colored photographs of the guarantor(s) | 03 |
| 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) |
| 1 | Passport size colored photographs of the applicant | 03 |
| 2 | Passport size colored photographs of the co-applicants | 03 |
| 3 | Passport size colored photographs of the guarantor(s) | 03 |
| 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) |
| 1 | Passport size colored photographs of the applicant | 03 |
| 2 | Passport size colored photographs of the co-applicants | 03 |
| 3 | Passport size colored photographs of the guarantor(s) | 03 |
| 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) |
| 1 | Passport size colored photographs of the applicant | 03 |
| 2 | Passport size colored photographs of the co-applicants | 03 |
| 3 | Passport size colored photographs of the guarantor(s) | 03 |
| 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) |