HBFC is Pakistan’s oldest specialized housing finance institution facilitating the path to homeownership for many.
Housing Finance for NRPs
Your Home, Back Home
Leaving family behind to pursue opportunities abroad is tough. To protect and provide for them, consider giving them a home of their own. Building equity through homeownership instead of renting offers security and stability. Take advantage of HBFC's home loans for non-resident Pakistanis with attractive repayment options.
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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 Tenure | 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 70% on the basis of market value assessed by valuator (of the property to be mortgaged) or purchase value, whichever is lower |
| Balloon page Facility | Changes applicable as per (SOC) |
| Early settlement facility |
Changes 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
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| 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 & tenor 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. |