The Management of HBFCL has taken drastic steps to help people add value to their existing abodes at a reasonable cost. These efforts are targeted at fulfilling individual needs and expectations. HBFCL is actively aiming at playing a remarkable role as a socially responsible and commercially sustainable housing finance institution.

Hence HBFCL has devised a scheme by the name of Shandar Ghar (home Improvement Scheme), which is purported to support the borrowers to purchase materials, fixtures and fittings for the renovation of their houses.

Its salient features are as under:

1.       The maximum financing support HBFCL offers is up to Rs.2,500,000/-;

2.       The loan can be repaid over a maximum period of 10 years in affordable installments.

3.       The applicable Murabaha profit is 13.5%. Thus the overall cost charged to each borrower will be considerably less as compared to other financing institutions.

4.       This is a Sharia compliant scheme based on Murabaha mode of financing.

5.       It offers hassle free investment & repayment facility.

6.       Early repayment facility is available.