How to get loan for house construction in Pakistan-HBFC

To be a leading housing finance institution in the country for providing affordable housing solutions to low and middle income groups while encouraging new constructions in the small and medium housing (SMH) sector.

Ghar Sahulat Scheme Construction Benefits

Income CriteriaVerifiable net disposable monthly income
Facility AmountUp to PKR 25,000,000/- to affluent individuals of Karachi, Lahore, Islamabad / Rawalpindi, Faisalabad, Multan, Peshawar and QuettaUp to PKR 10,000,000/- in all other areas
Facility Tenure3 – 20 years
Profit RateSalaried: 1 Year KIBOR * + 3.00%Self-employed Businessmen: 1 Year KIBOR * + 3.50%Self-employed Professionals: 1 Year KIBOR * + 3.50%* Yearly repricing on each anniversary of financing.
Pricing1 Year KIBOR of the 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 ShareUp to 70% on the basis of market value assessed by valuator (of the property to be mortgaged) or purchase value, whichever is lower
Balloon PaymentAmount should be greater than or equal to 10% of the outstanding principal amount
Insurance / TakafulLife Insurance and Property Takaful coverage to the extent of financing amount* Insurance / Takaful Companies on HBFC’s Approved Panel
Collateral SpecificationsThe construction is as per the approved building planFor the front coastal line for e.g. front row of Sea View Township and Darakhshan Villas, DHA / Clifton Karachi, subject to the soundness certificate from approved PBA Valuer.

Ghar Sahulat Scheme Construction Eligibility and Required Documents

  1. Citizenship:

·         Resident Pakistani

·         Non Resident Pakistani

  1. Facility of Co-applicant / Applicant / Guarantor:
    • Co-applicant & Primary (or Single) allowed
    • Co-applicant must be an immediate family member
    • The guarantor must be a family member who has the right to inherit the property.
  2. Age of Applicant / Co-applicant / Guarantor:
    • Salaried: 18 – 57 years
    • Self-employed Businessmen / Self-employed Professionals: 18 – 62 years
  3. Income Criteria: 

·         Verifiable net disposable monthly income.

5.      Employment / Business / Professional Tenure:

  1. Salaried : Minimum 1 year continuous employment
  2. Self-employed Businessmen / Professionals: Minimum 2 years in current business / industry

Ghar Sahulat Scheme Construction Schedule of Charges

Application Processing FeesFinancing up to PKR 4,500,000/- : processing fees is PKR 2,000/-Financing above PKR 4,500,000/- : processing fees is PKR 5,000/-
Income Estimation ChargesSalaried: PKR 2,100/- to PKR 5,500/- 
Employees of Govt., Semi-Govt., Companies listed in Stock Exchange and Non-Resident Pakistani: NilSEB / SEP: PKR 3,000/- to PKR 5,500/-
Property Valuation ChargesFlat: PKR 2,000/-House: PKR 2,500/-
(Plus PKR 500/- to PKR 700/- in case of construction case before releasing the third tranche)
Title Clearance Charges *At ActualTo be borne by the Customer
Legal Documentation Charges *At ActualTo be borne by the Customer
Medical Examination for SLIC Life Insurance ClearanceAt Actual
Balloon Payment ChargesNil
Early Settlement ChargesNil
Penalty for each missed paymentPKR 1,000/-
Storage ChargesPKR 100/- per month(if mortgaged property documents are not collected within 90 days from the date of account closing)

How to Apply for Ghar Sahulat Scheme Construction

The interested applicant should visit the nearest HBFC branch and fulfill the application form along with required documents.

Housing Building Finance Company Limited Helpline Numbers

Address: 3rd floor, Finance & Trade Centre, Shahrah-e-Faisal, Karachi, Pakistan

Phone: (+92) 21 35641711-15

Telephone: 0800-42325

Phone: +92-21-35630954


Location: View Location

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