Zameen com Signs Agreement with HBFC to Promote Home Financing Solutions
propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Zameen com signs agreement with HBFC to promote home financing solutions
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
‘Appetite for affordable home financing rising’
Business
January 20, 2021
KARACHI: House Building Finance Company (HBFC) Group Head Business and Operations Faisal Murad talked about the viability of house financing under the mark-up subsidy announced by the government and the competitive edge it has over commercial banks.
Q: What is your take on government’s mark-up subsidy for low-cost house financing?
A: Since its inception, HBFC has been providing housing finance facilities for low and middle income groups of the population. Various products have been developed to serve the needs of such segments of population. Lately, HBFC has introduced a new product under the government’s mark-up subsidy scheme called Naya Pakistan, Naya Ghar. The basic aim of the program is to facilitate the low-income segment. Some features of this product are standardised such as loan size, collateral specifications, etc., however, other features such as developing eligibility criteria based o