House Building Finance

House Building Finance Company (HBFCL), the pioneer institution in Housing Finance, has been providing home loans since past 53 years. Although many other home loans schemes are now being offered by various Banks and Financial Institutions, the name of HBFCL stands out being the housing bank of the nation, serving the low and middle income sections of populations. Today, HBFCL is country's largest housing finance institution, providing loaning facility for construction, purchase and renovation of houses/flats, through its country-wide network of 60 District Offices (branches) and 12 Zonal Offices, with its Headquarter at Karachi. Since inception, HBFCL has financed around 431,761 houses, with cumulative loans of Rs.35.874 billion. Nearly 85% of HBFCL's client is low income people, where housing loan amount is less than Rs.100,000,wheras nearly 98% of HBFCL clientele has per party loan below Rs.500,000.Today,poor section of the society take HBFCL as its proud partner in housing finance, whereas other banks mainly focus on high net-worth individuals. Furthermore while other banks and financial institutions has a negative list of location as well as of some category of professionals for housing finance, the HBFCL serves the entire country with no negative list, as long as it is a legal construction. HBFCL is now emerging with a fresh outlook towards Housing Finance issue, with its mission to be a socially responsible and commercially sustainable housing bank of the country. HBFCL will not only have a new outlook but also a new ideology. Its business focus is SMH Finance (Small & Medium Housing Finance), and it aims to concentrate on housing needs of lower and middle income sections of population.HBFCL is cognizant of the fact that housing shortage is a mega issue of the country, and needs mega solution.HBFCL is gearing up to offer both retail and bulk housing solutions, so as to expand housing stock in the country through new constructions. HBFCL is actively working with other institutions to ensure AFFORDABLE Housing for a common man. To serve its cherished mission, HBFCL is improving computerization of its operations and upgrading its branches to make it an efficient and customer friendly institution. In order to expand its outreach to small cities and towns, a programme of Service Agents and HBFCL KIOSKS is being launched country-wide for serving clients even from small cities and tehsils.