Housing Finance NPR
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Home Loans for Non-Resident Pakistanis
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 |
| Financial Amount | Up to PKR 30 Million in selected cities |
| Financial Tenor | 3 — 20 years |
| Markup Rate | Salaried: 1 Year KIBOR * + 3.00% Self-employed Businessmen: 1 Year KIBOR * + 3.50% Self-employed Professionals: 1 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 | Non Resident Pakistanis (NRPs) |
| Age | Minimum: 23 years Maximum: *60 years *At the time of maturity of facility |
| Employment Tenure | Total employment experience of at least 03 years with minimum 02 years in present job |
| Minimum Monthly Salary Income | Equivalent to 1500 USD |
| DBR (Debt-Burden Ratio) | Upto 45% According to the Income Level |
| Documents Required for Pre-approval | 1. Loan Application Form 2. 02 Passport Size Photographs 3. Copy of CNIC/NICOP 4. Copy of Salary Certificate (mentioning job status & tenure of employment) 5. Copy of Latest 04 Month Salary Slip 6. Copy of Latest 01 Year Foreign Bank Statement of Salary Account 7. Copy of Foreign Credit Report 8. Copy of Passport & Valid Visa 9. Copy of Work Permit 10. Copy of Resident Card 11. Proof of Remittance (including receipt of remittances or 01-year local bank statement reflecting the remittance) Customer will be required to submit Salary Certificate (mentioning job status & tenor of employment) duly attested by the Pakistan Mission in that country OR by notary public of respective countries OR by the state departments operating under the immigration sections of Middle East Countries at the time of final approval of facility Prior-approval fee/charges (non-refundable) will be applicable as per Schedule of Charges (SOC). |
| Contact Person in Pakistan | Single Parents / Brother / Sister Married Married Parents / Wife Nominated blood relative/spouse with duly executed special power of attorney to deal with HBFC (in case applicant is not visiting Pakistan) for execution of financing transaction and completion of securities. |
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) |