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

Introduction

House Building Finance Company Limited (HBFC) is the only housing finance institution in Pakistan, established in 1952 by the Government of Pakistan.

It was corporatized in 2007 and is now an unlisted public limited company. State Bank of Pakistan (SBP) and Ministry of Finance, Government of Pakistan (GoP) jointly hold the capital of HBFC with 90.31% and 9.69% shareholding respectively.

HBFC provides financing facilities for construction and purchase of houses through its deep rooted and national footprint of 51 Branches, 7 Area offices, 3 Regional offices and Head Office based in Karachi.

 

People We Serve

As a matter of our mandate, HBFC is focused on providing finance for the housing needs of lower and middle income citizens.

HBFC has developed various products to serve the needs of such segments of population. Ghar Aasan Flexi is the major housing finance product catering to the needs of masses. Further, keeping in view the deteriorating affordability of low income citizens, HBFC has launched Ghar Pakistan which is the first fixed-rate housing finance product in the history of Pakistan. Currently, this product is being offered at the lowest rate in the industry. Ghar Pakistan is a milestone towards providing affordable housing to low and low-middle income population of Pakistan.

Going forward, we are gearing ourselves towards enhancing mortgages rapidly so as to reduce the huge demand and supply gap of housing units in the country.

House Building Finance Company Limited provides you with the following options:

1. Buy-a-Home
2. Build-a-Home
3. Balance Transfer Facility

KEY FEATURES
- Maximum Finance against Property Value
- Flexibility of choosing between fixed and variable mark-up rate
- Repayment tenure ranging from 3 years to 20 years
- Loan Protection through Insurance Coverage
- Early Settlement and Balloon Payment option is available (as per the applicable terms & conditions)
- Income of maximum of three individuals (applicant / co-applicant / guarantor) can be clubbed
ELIGIBLITY CRITERIA
 
Ghar Aasan Scheme – Flexi (GAS – Flexi)
Ghar Pakistan Scheme (GPS)
  Citizenship
  Resident Pakistani
  Non Resident Pakistani
  Resident Pakistani
  Non Resident Pakistani
  Facility of Applicant /
  Co-applicant
  Primary (or Single) & Co-applicant
  allowed
  Co-applicant must be an immediate
  family member
  Salaried: 18 – 57 years
  Self-employed Businessmen / Self- 
  Employed Professionals: 18 – 62
  years
  Age of Applicant /
  Co-applicant / Guarantor
  Salaried: 18 – 57 years
  Self-employed Businessmen / Self- 
  Employed Professionals: 18 – 62 years
  Salaried: 18 – 57 years
  Self-employed Businessmen / Self-
  Employed Professionals: 18 – 62
  years
  Income Criteria
  No minimum requirement   Up to PKR 100,000/-
  Employment / Business / Professional  
  Tenure
  Salaried*: Minimum 1 year continuous 
  employment
  Self-employed Businessmen / Self- 
  Employed Professionals: Minimum 2
  years experience in current business
  Salaried*: Minimum 1 year
  continuous employment
  Self-employed Businessmen / Self-
  Employed Professionals: Minimum
  2 years experience in current
  business

OVERVIEW :

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Product 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.

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Last updated on: 23 Nov, 2022