FEATURES
| Ghar Sahulat Scheme | |
|---|---|
| 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 |
* 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 |
|
ELIGIBILITY CRITERIA
1. Citizenship
- Resident Pakistani
- Non-Resident Pakistanis (NRPs)
2. 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
3. Age of Applicant/Co-Applicant/Guarantor
- Salaried Individuals (SI): 21 – 60 years
- Self-employed Professionals (SEPs) / Self-employed Businessmen (SEBs): 25– 65 years
4. Income Criteria
- Verifiable net disposable monthly income
5. Employment/Business/Professional Tenure
| Salaried Individuals (Sis) | Government | At least 01 year (Permanent Employees) At least 02 years (Contractual Employees) |
| Other | At least 02 years (Permanent Employees) At least 03 years (Contractual Employees) |
|
| Self Employed Professionals (SEPs) | N/A | At least 02 years |
| Self Employed Businessmen (SEBs) | N/A | Total business tenure of at least 03 years and minimum 02 years in current business |
| Expatriate Pakistanis | N/A | Total employment tenure of at least 02 years |
LOAN APPLICATION FORM
| Loan Application Form | Download |
| Co-Applicant Form | Download |
| Guarantor Form | Download |
Documents Required
List of personal documents required from customer in application form
| 1 | Passport size colored photographs of the applicant | 3 |
| 2 | Passport size colored photographs of the co-applicant(s) | 3 |
| 3 | Passport size colored photographs of the guarantor(s) | 3 |
| 4 | CNIC/NADRA receipt (if CNIC issuance is under progress) of applicant | 03 copies attested (both sides) |
| 5 | CNIC/NADRA receipt (if CNIC issuance is under progress) of co-applicant (s) | 03 copies attested (both sides) |
| 6 | CNIC/NADRA receipt (if CNIC issuance is under progress) of guarantor(s) | 03 copies attested (both sides) |
| 7 | In Purchase Case Only - CNIC/NADRA receipt (if CNIC issuance is under progress) of seller | Attested Copy (both sides) |
List of income related documents required from customer with application form
| Salaried |
| 1 | Latest 04-month salary slip | Original | 1 | Latest 04-month salary slip | Original |
| 2 | Salary Certificate having following particulars (Name, CNIC, Date of Joining, Gross & Net monthly income, Terms of employment, Period of Contract) | Original | 2 | Salary Certificate having following particulars (Name, CNIC, Date of Joining, Gross & Net monthly income, Terms of employment, Period of Contract) | Original |
| 3 | Last 06-month Bank Statement | Original | 3 | Last One year Bank Statement | Original |
| 4 | Latest utility bills of electricity and GAS/PTCL | Copy | 4 | Latest utility bills of electricity and GAS/PTCL | Copy |
| 5 | 5 |
| Self Employed Professionals (SEPs) |
| 1 | Latest 01-year Bank Statement | Original | 1 | Latest 02-year Bank Statement | Original |
| 2 | Income Tax Return (if required) | Copy | 2 | Business Registration Certificate, issued by FBR | Copy |
| 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original | 3 | Income Tax Return | Copy |
| 4 | Ownership Documents /Tenancy agreement of business place | Copy | 4 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original |
| 5 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy | 5 | Ownership Documents /Tenancy agreement of business place | Copy |
| 6 | Professional Association Membership Certificate/Practice License | Copy | 6 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy |
| 7 | Account Maintenance Letter /Bank Relationship Certificate (if required) | Original | 7 | Professional Association Membership Certificate/Practice License | Copy |
| Relationship Certificate (if required) | Certificate/Practice License | ||||
| 8 | Account Maintenance Letter /Bank Relationship Certificate | Original | |||
| 9 | Profit & Loss Statement/Income Statement of last 02 years | Original | |||
| 10 | Two references of Suppliers/Buyers (on Company's letter head) | Original |
| Business Income - Self Employed Business (SEBs) |
| 1 | Latest 01-year Bank Statement | Original | 1 | Latest 02-year Bank Statement | Original |
| 2 | Income Tax Return (optional) | Copy | 2 | Business Registration Certificate, issued by FBR | Copy |
| 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original | 3 | Income Tax Return | Copy |
| 4 | Ownership Documents /Tenancy agreement of business place | Copy | 4 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original |
| 5 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy | 5 | Ownership Documents /Tenancy agreement of business place | Copy |
| 6 | Account Maintenance Letter /Bank Relationship Certificate | Original | 6 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy |
| 7 | Account Maintenance Letter /Bank Relationship Certificate | Original | |||
| 8 | Profit & Loss Statement/Income Statement of last 02 years | Original | |||
| 9 | Two references of Suppliers/Buyers (on Company's letter head) | Original |
| Business Income - Rental income |
| 1 | Latest 01-year Bank Statement | Original | 1 | Latest 01-year Bank Statement | Original |
| 2 | Income Tax Return (optional) | Copy | 2 | Income Tax Return (optional) | Copy |
| 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original | 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original |
| 4 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy | 4 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy |
| 5 | Ownership documents | 5 | Ownership documents | ||
| 6 | Rent agreement | Copy | 6 | Rent agreement | Copy |
| Business Income - Agricultural income |
| 1 | Latest 01-year Bank Statement | Original | 1 | Latest 01-year Bank Statement | |
| 2 | Income Tax Return (optional) | Copy | 2 | Income Tax Return (optional) | Copy |
| 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original | 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original |
| 4 | Certificates of ownership issued by the Tehsildar or Mukhtiarkar. | Original | 4 | Certificates of ownership issued by the Tehsildar or Mukhtiarkar. | Original |
| 5 | Annual estimated/agricultural income obtained from Revenue Department. | Original | 5 | Annual estimated/agricultural income obtained from Revenue Department. | Original |
| 6 | Ushr payment receipt. | Copy | 6 | Ushr payment receipt. | Copy |
| Business Income - Poultry, Fish & Cattle Farms and Orchid |
| 1 | Latest 01-year Bank Statement | Original | 1 | Latest 01-year Bank Statement | Original |
| 2 | Income Tax Return (optional) | Copy | 2 | Income Tax Return (optional) | Copy |
| 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original | 3 | Affidavit Declaring Income on stamp paper of PKR 50 (duly attested by Notary Public) | Original |
| 4 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy | 4 | Latest utility bills of electricity and GAS/PTCL of business premises | Copy |
| 5 | Ownership Documents /Tenancy agreement of business place | Copy | 5 | Ownership Documents /Tenancy agreement of business place | Copy |
| 6 | Account Maintenance Letter /Bank Relationship Certificate | Original | 6 | Account Maintenance Letter /Bank Relationship Certificate | Original |
| 7 | Profit & Loss Statement/Income Statement of last 02 years | Original | 7 | Profit & Loss Statement/Income Statement of last 02 years | Original |
| 8 | Two references of Suppliers/Buyers (on Company's letter head) | Original | 8 | Two references of Suppliers/Buyers (on Company's letter head) | Original |
| Non Resident Pakistani |
| 1 | Salary Certificate if applicant is on visit of Pakistan | Original | 1 | Salary Certificate if applicant is on visit of Pakistan | Original |
| 2 | Salary Certificate if applicant is abroad Duly attested by the Pakistan Mission in that country OR Vetted by notary public / legal counsels/solicitors of respective countries, and by the state departments operating under the immigration | Original | 2 | Salary Certificate if applicant is abroad Duly attested by the Pakistan Mission in that country OR Vetted by notary public / legal counsels/solicitors of respective countries, and by the state departments operating under the immigration | Original |
| sections of Middle East countries | sections of Middle East countries | ||||
| 3 | Self-employed - affidavit/business income, Business registration certificate and confirmation by Pakistan embassy/ consulate | Original | 3 | Self-employed - affidavit/business income, IRA certificate and confirmation by Pakistan embassy/ consulate | Original |
| 4 | Passport and valid visa | Copy | 4 | Passport and valid visa | Copy |
| 5 | Copy | 5 | Tax Return | Copy | |
| 6 | Foreign Bank Statement (optional) | Original | 6 | Foreign Bank Statement | Original |
| 7 | Work permit | Valid | 7 | Work permit | Valid |
| 8 | NICOP/CNIC | Valid | 8 | NICOP/CNIC | Valid |
| 9 | Proof of remittances | Copy/ original | 9 | Proof of remittances (incase of guarantor income) | Copy/ original |
| 10 | Affidavit for NRP On stamp paper of Rs.100/- (duly attested by notary public) that he/she do not own immovable property outside Pakistan | original | 10 | Affidavit for NRP On stamp paper of Rs.100/- (duly attested by notary public) that he/she do not own immovable property outside Pakistan | original |
Last updated on: 11 May, 2023