{"id":50474,"date":"2019-03-08T15:28:49","date_gmt":"2019-03-08T10:28:49","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=50474"},"modified":"2019-03-08T15:28:49","modified_gmt":"2019-03-08T10:28:49","slug":"hbfc-introduces-house-financing-scheme-for-low-income-groups","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/hbfc-introduces-house-financing-scheme-for-low-income-groups.html","title":{"rendered":"HBFC introduces house financing scheme for low-income groups"},"content":{"rendered":"<p>Lahore: The House Building Finance Company (HBFC) has introduced a financing facility, Ghar Pakistan Scheme (GPS), for low and middle-income groups &#8211; according to a publication.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fgehf-invites-bids-for-nphp-houses-apartments.html\">FGEHF invites bids for NPHP houses, apartments<\/a><\/p>\n<p>This fixed-rate loan scheme pertains to the purchase and construction of houses and apartments. HBFC will provide financing of up to PKR 25 million.<\/p>\n<p><strong>Product features<\/strong>:<\/p>\n<ul>\n<li>Rate (1 year KIBOR + 3.25% for salaried class) (1 year KIBOR + 3.50% for self-employed professionals and businessmen)<\/li>\n<li>Loan-to-Value (LTV) 70:30<\/li>\n<li>Debt Burden Ratio (DBR) up to 50% of Net Verifiable Income<\/li>\n<li>Facility of Co-applicant\/Guarantor<\/li>\n<li>Income Clubbing Facility (for Co-applicant\/Guarantor)<\/li>\n<li>Life &amp; property insurance coverage<\/li>\n<li>Balloon payment &amp; early settlement facility<\/li>\n<li>Medical examination exemption for financing up to PKR 5 million<\/li>\n<\/ul>\n<p>The loan has to be returned during a flexible duration ranging from three to 20 years. As per the requirements communicated, applicants have to be either Pakistani CNIC holders or non-resident Pakistanis.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/nphp-registration-for-federal-govt-employees-begins.html\">Registration for federal govt employees begins under NPHP<\/a><\/p>\n<p>The age limit for availing the HBFC scheme is 18-57 years for salaried class and 18-62 years for self-employed professionals and businessmen.\u00a0 Moreover, there is no minimum income requirement.<\/p>\n<p>For more information, call HBFC officials at this number: 080042325 during working hours, or visit their website, at: www.hbfcl.com<\/p>\n<p>Their Head Office is located on the 3rd Floor at Finance &amp; Trade Centre, Shahrah-e-Faisal, in Karachi.<\/p>\n<p>Stay tuned to <a href=\"https:\/\/www.zameen.com\/news\">Zameen.com<\/a> for more up-to-date information on HBFC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The House Building Finance Company (HBFC) has introduced a financing facility, Ghar Pakistan Scheme (GPS), for low and middle-income groups &#8211; according to a publication. Read:\u00a0FGEHF invites bids for NPHP houses, apartments This fixed-rate loan scheme pertains to the purchase and construction of houses and apartments. HBFC will provide financing of up to PKR 25 million. Product features: Rate (1 year KIBOR + 3.25% for salaried class) (1 year KIBOR + 3.50% for self-employed professionals and businessmen) Loan-to-Value (LTV) 70:30 Debt Burden Ratio (DBR) up to 50% of Net Verifiable Income Facility of Co-applicant\/Guarantor Income Clubbing Facility (for Co-applicant\/Guarantor) Life &amp; property insurance coverage Balloon payment &amp; early settlement facility Medical examination exemption for financing up to PKR 5 million The loan has to be returned during a flexible duration ranging from three to 20 years. As per the requirements communicated, applicants have to be either Pakistani CNIC holders or non-resident Pakistanis. Read:\u00a0Registration for federal govt employees begins under NPHP The age limit for availing the HBFC scheme is 18-57 years for salaried class and 18-62 years for self-employed professionals and businessmen.\u00a0 Moreover, there is no minimum income requirement. For more information, call HBFC officials at this number: 080042325&hellip;<\/p>\n","protected":false},"author":67,"featured_media":50475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10970],"persona":[],"class_list":{"0":"post-50474","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-hbfc-introduces-house-financing-scheme-for-low-income-groups"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HBFC introduces house financing scheme for low-income groups - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The House Building Finance Company (HBFC) has introduced a financing facility, Ghar Pakistan Scheme (GPS), for low and middle-income groups -\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/hbfc-introduces-house-financing-scheme-for-low-income-groups.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HBFC introduces house financing scheme for low-income groups - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The House Building Finance Company (HBFC) has introduced a financing facility, Ghar Pakistan Scheme (GPS), for low and middle-income groups -\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/hbfc-introduces-house-financing-scheme-for-low-income-groups.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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