To facilitate and encourage the small builders (Sole Proprietorship/Partnership) who are in the business of building/ selling houses/ flats.
Mode of financing: Profit based financing.
Financing Limit: Upto 10 Millions Per party.
For 12, 18 or 24 Months (optional), extendable for further 06 months on payment of additional profit.
This facility is now available for Karachi, Hyderabad, Lahore / Islamabad Rawalpindi, Multan, Faisalabad and Peshawar cities only.
Maximum Loan to Value ratio: 60:40
Profit Rate: One year KIBOR plus 2.75% spread, yearly re-priced.
- The Builder (proprietor in case of sole proprietorship and partners in case of partnership) should be at least 22 years of age and not more than 65 years at the time of the maturity of the financing.
- The Builder/Contractor firm which has employees (including contract employees) upto 20 persons and annual Sales turnover upto Rs.75 million shall be entitled for the finance.
- Financial accounts in some form, signed by builder/entity, are required to help HBFCL/estimation Agency to assess / verify the cash flows/Repayment capacity.
- The Builder/Contractor firm should own plot(s) in the Municipal Limit area of the City. The entire infrastructure like Water, Electric, Sui Gas, Telephone, Sewerage and metal roads should be available in the area and the house(s)/Flat(s) should have good prospects of sale after completion.
Maximum No. of loans at a time:
The Builder/Entity can avail upto six loans at a time subject to maximum per party limit of Rs.10 Million.
Coverage: Life plus Property upto the extent of loan amount.