Ghar Pakistan 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: Up to PKR 100,000/- per month
- 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 Scheme - Construction |
|
---|---|
Income Criteria | Up to PKR 100,000/- per month |
Facility Amount | Up to PKR 4,500,000/- |
Facility Tenure | 3 – 20 years |
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 |
Profit Rate |
01 Y KIBOR + 2.00% (Floor 7% and Ceiling 12%) { Yearly re-pricing as per applicable KIBOR } |
Loan To Value (LTV) Ratio | 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 | 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 |
OR
|
Schedule of Charges
Ghar Pakistan Scheme - Construction |
|
---|---|
Application Processing Fees(One Time, non-refundable) |
|
Income Estimation Charges |
|
Property Valuation Charges |
|
Title Clearance Charges * |
At Actual * To be borne by the Customer |
Legal Documentation Charges * |
At Actual * To be borne by the Customer |
Medical Examination of SLIC Life Insurance Clearance |
At Actual |
Late Payment Charges | PKR 1,000/- on each overdue monthly payment |
Balloon Payment Charges | Nil |
Early Settlement Charges | Nil |
Penalty for each missed Payment | PKR 1,000/- |
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: 09 Jul, 2020