I am going to explain in easy method about detail of HBFC.
1. Before going to HBFC Website Must Read these details. Here is the calculator, You need to fill data and proceed next till finish.
2. If you are either salaried person or business person, you can get loan with your brothers and sisters then you can easily get loan for house construction or home purchase.
3. Point to remember is that HBFC markup rate is o nly 12%.
4. On the above menu, There are fundamental details about HBFC policies, terms and conditions.
APPLICATION PROCEDURE AND REQUIREMENTS
HBFC Products & Its Features
| Ghar Aasan Scheme – Flexi (GAS – Flexi) | Ghar Pakistan Scheme (GPS) | |
|---|---|---|
| Loan Facility Amount | Up to PKR 25,000,000/- | Loan Facility Amount up to PKR 25,000,000/- |
| Loan Facility Tenure | 3 – 20 years | 3 – 20 years |
| Profit Type | Variable | Fixed |
| Profit Rate |
| 12.00% |
| Loan To Value (LTV) Ratio / HBFC’s Share | Up to 70% forced sale value (FSV) of the property to be mortgaged | Up to 80% forced sale value (FSV) of the property to be mortgaged |
| Insurance Coverage | Life and Property Insurance coverage to the extent of financing amount *Insurance / Takaful Companies on HBFC's Approved Panel | Life and Property Insurance coverage to the extent of financing amount *Insurance / Takaful Companies on HBFC's Approved Panel |
| Collateral Specifications | - |
|
List of personal documents required from customer with application form
| S.No. | Document | Requirement |
|---|---|---|
| 1 | Passport size coloured photographs of the applicant | 3 |
| 2 | Passport size coloured photographs of the co-applicant(s) | 3 |
| 3 | Passport size coloured 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 | |||||
| Sr.No. | Financing Up to PKR 10 Million | Sr.No. | Financing above PKR 10 Million | ||
|---|---|---|---|---|---|
| 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 |
| Self Employed Professionals (SEPs) | |||||
| Sr.No. | Financing Up to PKR 10 Million | Sr.No. | Financing above PKR 10 Million | ||
|---|---|---|---|---|---|
| 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 |
| 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) | |||||
| Sr.No. | Financing Up to PKR 10 Million | Sr.No. | Financing above PKR 10 Million | ||
|---|---|---|---|---|---|
| 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 | |||||
| Sr.No. | Financing Up to PKR 10 Million | Sr.No. | Financing above PKR 10 Million | ||
|---|---|---|---|---|---|
| 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 | |||||
| Sr.No. | Financing Up to PKR 10 Million | Sr.No. | Financing above PKR 10 Million | ||
|---|---|---|---|---|---|
| 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 | 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 | |||||
| Sr.No. | Financing Up to PKR 10 Million | Sr.No. | Financing above PKR 10 Million | ||
|---|---|---|---|---|---|
| 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 | |||||
| Sr.No. | Financing Up to PKR 10 Million | Sr.No. | Financing above PKR 10 Million | ||
|---|---|---|---|---|---|
| 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 sections of Middle East countries | 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 sections of Middle East countries | Original |
| 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 |
You can Visit the company website for more details.
In case any question, you may comment below the comment box.
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