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


Ghar Pakistan Plus Scheme - Purchase

Eligibility Criteria:

  1. Citizenship:
    • Resident Pakistani
    • Non Resident Pakistani
  2. Facility of Applicant / Co-applicant  / Guarantor:
    • Primary (or Single) & 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
  3. Age of Applicant / Co-applicant  / Guarantor:
    • Salaried: 18 – 57 years
    • Self-employed Businessmen / Self-Employed Professionals: 18 – 62 years
  4. Income Criteria:
    • Individual's Income: Up to PKR 200,000/- per month (net of taxes and pension contributions)
    • Household Income: Up to PKR 250,000/- per month
    • Guarantor Income Up to PKR 200,000/- per month (net of taxes and pension contributions)
  5. Employment / Business / Professional Tenure:
    • Salaried: Minimum 1 year continuous employment
    • Self-employed Businessmen / Professionals: Minimum 2 years in current business / industry

Product Features

  Ghar Pakistan Plus Scheme - Purchase
Income Criteria
  • Income (net of taxes and pension contributions) for Individual should not exceed PKR 200,000/- per month
  • Household’s income should not exceed PKR 250,000/- per month.
  • Guarantor’s income should not exceed the income defined for individual i.e. PKR 200,000/- per month *Household means clubbed income of Applicant and Co-applicant(s). Guarantor is not included in the definition of household.
Facility Amount Up to PKR 8,800,000/-
Facility Tenure 3 – 20 years
Profit Rate

01 Y KIBOR + 2.50%

(Floor 8% and Ceiling 13%)

{ Yearly repricing as per applicable KIBOR }

1 Year KIBOR of last working day of the previous month mentioned on SBP’s official website shall be applied for fresh and renewal case during the following whole month.

Type of Financing BTF shall be employed strictly as per the terms of Housing PRs and the agreed arrangement with PMRC
Loan To Value (LTV) Ratio Up to 70% on the basis of market value assessed by valuator (of the property to be mortgaged) or purchase value, whichever is lower
Balloon Payment

Amount should be greater than or equal to 10% of the outstanding principal amount

Insurance / Takaful

Life Insurance and Property Takaful coverage to the extent of financing amount

* Insurance / Takaful Companies on HBFC's Approved Panel

Collateral Specifications

Maximum appraised value (market value assessed by PBA approved valuator) of the property should not exceed PKR 11,000,000/-

Balance Transfer Facility



Schedule of Charges

  Ghar Pakistan Plus Scheme - Purchase
Application Processing Fees
  • Financing up to PKR 4,500,000/- : processing fees is PKR 2,000/-
  • Financing above PKR 4,500,000/- : processing fees is PKR 5,000/-
Income Estimation Charges
  • Salaried: PKR 2,100/- to PKR 5,500/- 
    Employees of Govt., Semi-Govt., Companies listed in Stock Exchange and Non-Resident Pakistani: Nil
  • SEB / SEP: PKR 3,000/- to PKR 5,500/-
Property Valuation Charges
  • Flat: PKR 2,000/-
  • House: PKR 2,500/-
    (Plus PKR 500/- to PKR 700/- in case of construction case before releasing the third tranche)
Title Clearance Charges *

At Actual

* To be borne by the Customer

Legal Documentation Charges *

At Actual

* To be borne by the Customer

Medical Examination for SLIC Life Insurance Clearance At Actual
Balloon Payment Charges Nil
Early Settlement Charges Nil
Penalty for each missed payment PKR 1,000/-
Storage Charges

PKR 100/- per month

(if mortgaged property documents are not collected within 90 days from the date of account closing)

Last updated on: 09 Jul, 2020