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FEATURES
  Ghar Sahulat Scheme - Construction
Purpose Construction and Purchase of House/Apartment
Income Criteria

Verifiable net disposable monthly income

Facility Amount

Up to PKR 30 Million

Facility Tenure 3 – 25 years
Profit 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.

Pricing 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.
Loan To Value (LTV) Ratio / HBFC’s Share 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  As Per SOC Under General Information Tab (SOC)
Insurance / Takaful

As Per SOC Under General Information Tab (SOC)

Collateral Specifications
  • The construction is as per the approved building plan

  • For the front coastal line for e.g. front row of Sea View Township and Darakhshan Villas, DHA / Clifton Karachi, subject to the soundness certificate from approved PBA Valuer.


ELIGIBILITY CRITERIA
1. Citizenship
  • Resident Pakistani
  •  Non-Resident Pakistanis (NRPs)
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 Individuals (SI): 21 – 60 years
  • Self-employed Professionals (SEPs) / Self-employed Businessmen (SEBs): 25– 65 years
4. Income Criteria
  •  Verifiable net disposable monthly income
5. Employment/Business/Professional Tenure
Salaried Individuals (Sis) Government At least 01 year (Permanent Employees)
At least 02 years (Contractual Employees)
  Other At least 02 years (Permanent Employees)
At least 03 years (Contractual Employees)
Self Employed Professionals (SEPs) N/A At least 02 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 02 years

LOAN APPLICATION FORM
Loan Application Form                                           Download
Co-Applicant Form                                           Download
Guarantor Form                                           Download

Documents Required
List of personal documents required from customer in application form
   1 Passport size colored photographs of the applicant 3
   2 Passport size colored photographs of the co-applicant(s) 3
   3 Passport size colored photographs of the guarantor(s) 3
   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)
List of income related documents required from customer with application form
Salaried
1 Latest 04-month salary slip Original 1 Latest 04-month salary slip Original
2 Salary Certificate having following particulars (Name, CNIC, Date of Joining, Gross & Net monthly income, Terms of employment, Period of Contract) Original 2 Salary Certificate having following particulars (Name, CNIC, Date of Joining, Gross & Net monthly income, Terms of employment, Period of Contract) Original
3 Last 06-month Bank Statement Original 3 Last One year Bank Statement Original
4 Latest utility bills of electricity and GAS/PTCL Copy 4 Latest utility bills of electricity and GAS/PTCL Copy
5     5    
Self Employed Professionals (SEPs)
1 Latest 01-year Bank Statement Original 1 Latest 02-year Bank Statement Original
2 Income Tax Return (if required) Copy 2 Business Registration Certificate, issued by FBR Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Income Tax Return Copy
4 Ownership Documents /Tenancy agreement of business place Copy 4 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
5 Latest utility bills of electricity and GAS/PTCL of business premises Copy 5 Ownership Documents /Tenancy agreement of business place Copy
6 Professional Association Membership Certificate/Practice License Copy 6 Latest utility bills of electricity and GAS/PTCL of business premises Copy
7 Account Maintenance Letter /Bank Relationship Certificate (if required) Original 7 Professional Association Membership Certificate/Practice License Copy
  Relationship Certificate (if required)     Certificate/Practice License  
      8 Account Maintenance Letter /Bank Relationship Certificate Original
      9 Profit & Loss Statement/Income Statement of last 02 years Original
      10 Two references of Suppliers/Buyers (on Company's letter head) Original
Business Income - Self Employed Business (SEBs)
1 Latest 01-year Bank Statement Original 1 Latest 02-year Bank Statement Original
2 Income Tax Return (optional) Copy 2 Business Registration Certificate, issued by FBR Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Income Tax Return Copy
4 Ownership Documents /Tenancy agreement of business place Copy 4 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
5 Latest utility bills of electricity and GAS/PTCL of business premises Copy 5 Ownership Documents /Tenancy agreement of business place Copy
6 Account Maintenance Letter /Bank Relationship Certificate Original 6 Latest utility bills of electricity and GAS/PTCL of business premises Copy
      7 Account Maintenance Letter /Bank Relationship Certificate Original
      8 Profit & Loss Statement/Income Statement of last 02 years Original
      9 Two references of Suppliers/Buyers (on Company's letter head) Original
Business Income - Rental income
1 Latest 01-year Bank Statement Original 1 Latest 01-year Bank Statement Original
2 Income Tax Return (optional) Copy 2 Income Tax Return (optional) Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
4 Latest utility bills of electricity and GAS/PTCL of business premises Copy 4 Latest utility bills of electricity and GAS/PTCL of business premises Copy
5 Ownership documents   5 Ownership documents  
6 Rent agreement Copy 6 Rent agreement Copy
Business Income - Agricultural income
1 Latest 01-year Bank Statement Original 1 Latest 01-year Bank Statement  
2 Income Tax Return (optional) Copy 2 Income Tax Return (optional) Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
4 Certificates of ownership issued by the Tehsildar or Mukhtiarkar. Original 4 Certificates of ownership issued by the Tehsildar or Mukhtiarkar. Original
5 Annual estimated/agricultural income obtained from Revenue Department. Original 5 Annual estimated/agricultural income obtained from Revenue Department. Original
6 Ushr payment receipt. Copy 6 Ushr payment receipt. Copy
Business Income - Poultry, Fish & Cattle Farms and Orchid
1 Latest 01-year Bank Statement Original 1 Latest 01-year Bank Statement Original
2 Income Tax Return (optional) Copy 2 Income Tax Return (optional) Copy
3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original 3 Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) Original
4 Latest utility bills of electricity and GAS/PTCL of business premises Copy 4 Latest utility bills of electricity and GAS/PTCL of business premises Copy
5 Ownership Documents /Tenancy agreement of business place Copy 5 Ownership Documents /Tenancy agreement of business place Copy
6 Account Maintenance Letter /Bank Relationship Certificate Original 6 Account Maintenance Letter /Bank Relationship Certificate Original
7 Profit & Loss Statement/Income Statement of last 02 years Original 7 Profit & Loss Statement/Income Statement of last 02 years Original
8 Two references of Suppliers/Buyers (on Company's letter head) Original 8 Two references of Suppliers/Buyers (on Company's letter head) Original
Non Resident Pakistani
1 Salary Certificate if applicant is on visit of Pakistan Original 1 Salary Certificate if applicant is on visit of Pakistan Original
2 Salary Certificate if applicant is abroad Duly attested by the Pakistan Mission in that country OR Vetted by notary public / legal counsels/solicitors of respective countries, and by the state departments operating under the immigration Original 2 Salary Certificate if applicant is abroad Duly attested by the Pakistan Mission in that country OR Vetted by notary public / legal counsels/solicitors of respective countries, and by the state departments operating under the immigration Original
  sections of Middle East countries     sections of Middle East countries  
3 Self-employed - affidavit/business income, Business registration certificate and confirmation by Pakistan embassy/ consulate Original 3 Self-employed - affidavit/business income, IRA certificate and confirmation by Pakistan embassy/ consulate Original
4 Passport and valid visa Copy 4 Passport and valid visa Copy
5   Copy 5 Tax Return Copy
6 Foreign Bank Statement (optional) Original 6 Foreign Bank Statement Original
7 Work permit Valid 7 Work permit Valid
8 NICOP/CNIC Valid 8 NICOP/CNIC Valid
9 Proof of remittances Copy/ original 9 Proof of remittances (incase of guarantor income) Copy/ original
10 Affidavit for NRP On stamp paper of Rs.100/- (duly attested by notary public) that he/she do not own immovable property outside Pakistan original 10 Affidavit for NRP On stamp paper of Rs.100/- (duly attested by notary public) that he/she do not own immovable property outside Pakistan original

CALCULATOR
Loan Calculation - Salaried Individuals (Sis) Calculate
Loan Calculation - Self-Employed Professionals (SEPs) Calculate
Loan Calculation - Self-Employed Businessmen (SEBs) Calculate
Last updated on: 30 Dec, 2022