HBFC GHAR PAKISTAN HOUSING FINANCE PRODUCT
House Building Finance Company Limited (HBFC) is a Pakistan’s leading housing finance institution. Through our Head office in Karachi and a countrywide network of Regional and Branch Offices, we are offering our services for home financing in every part of the country including construction and purchase of house.
HBFC GHAR PAKISTAN
An Affordable Housing Solution for Low and Low-Middle Income Group
In line with Prime Minister’s vision of providing affordable housing to the poor and lower middle income citizens of Pakistan, House Building Finance Company (HBFC) is pleased to announce “Ghar Pakistan” fixed affordable rate housing finance product.
The salient features of Ghar Pakistan are:
Pricing – Fixed rate mortgage @ 12%
Financing Range – up to PKR 2,500,000/-
Collateral specifications – House of up to 300 sq.yd & Flats up to 1400 sq.ft.
Tenure of Loan – 03 – 20 years
Income Criteria – net disposable income up to PKR 100,000/-
Balloon Payment – No Charges
Early Settlement – No Charges
Insurance Coverage – Life and Property insurance coverage to the extent of financing amount.
Types of Financing – for Construction & Purchase of house/flat and BTF from other bank
Ghar Pakistan is the first fixed long term affordable mortgage product in the country’s history and is expected to be the trend setter in the housing market in Pakistan.
Now, HBFC is geared up to play a pivotal role in addressing the increasing housing shortage in the country.