Ghar Pakistan Plus Scheme - Construction
Eligibility Criteria:
- Citizenship:
- Resident Pakistani
- Non Resident Pakistani
- 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
- Age of Applicant / Co-applicant / Guarantor:
- Salaried: 18 – 57 years
- Self-employed Businessmen / Self-Employed Professionals: 18 – 62 years
- Income Criteria:
- Individual's Income: Up to PKR 175,000/- per month (net of taxes and pension contributions)
- Household Income: Up to PKR 230,000/- per month
- Guarantor Income Up to PKR 175,000/- per month (net of taxes and pension contributions)
- 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 - Construction | |
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Income Criteria |
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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 } |
Loan To Value (LTV) Ratio / HBFC’s Share | Up to 85% of the forced sale value (FSV) of the mortgaged property |
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/- |
Schedule of Charges
Ghar Pakistan Plus Scheme - Construction | |
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Application Processing Fees |
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Income Estimation Charges |
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Property Valuation Charges |
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Title Clearance Charges * |
At Actual * To be borne by the Customer |
Legal Documentation Charges * |
At Actual * To be borne by the Customer |
Late Payment Charges | PKR 1,000/- on each overdue monthly payment |
Balloon Payment Charges | Nil |
Early Settlement Charges | Nil |
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: 01 Jun, 2020