Plexus Automates the largest Housing Finance Provider in Pakistan

Author: Plexus - Date: 15 January 2009

Plexus had designed and developed several large automated system for the business operations of different industries. The diversity of our systems on the basis of their business knowledge has enabled us to meet the modernization needs of present era.

Our recent success is the 'go-live' of our Housing Finance application for the largest housing finance provider in Pakistan. This project was developed for House Building Finance Corporation (HBFC). HBFC has financed over one and half million units for over 41 billion rupees.

Plexus has designed a home Mortgage System after deeply analyzing the trend and requirement as well as the future aspects that would arise due to any statutory regulation or organizational benefit. Considering the dynamic needs of industry, our technical team had come up with a solution, which exploit the modern inclination of web based application design and used the strength of Oracle 10g database.

Solution’s Feature

  Supports multiple property types along with the diverse nature of processes like Construction, Purchase, and Renovation.
  Supports calculate of profits in amortization schedule on the basis of fixed and floating rates.
  Enables user to define different rates of all components engaged in amortization schedule.
  Supports Islamic modes of amortization like Musharka and Murabaha.
  Flexibility in managing the DBR and DER.
  Solution automatically configures parameters of a new mortgage product.
  Report generation in various formats including the popular pdf formats.
  Vigorous security module
  A complete browser based application and enough flexible to be molded to any web based browser.
  Solution is also geared with an MIS module with highly defined parameter that will result in offering flexibility to user and let them study the precise data of their desire.


Plexus has introduced a solution that provides complete automation of all business operations like, Customer Inquiry, Application Filing, Application Processing, Loan Approval & Rejection, Disbursement, Recovery Operations, De-centralized (Branch-based) Loan Accounting, and Integration with General Ledger System.

For more information, please contact:
info@plexuspk.com