Each bank has different criteria: some finance both the land and the construction, while others only finance the construction. It is essential to ensure the feasibility of the project with the City Council, obtain project approval, and have a valid building permit, as without these, the bank will not release funds for construction.

Financing is released in tranches according to the progress of the construction, following inspections.

During this construction period, you only pay interest, calculated on the outstanding capital at that time.

The bank evaluates the loan based on the value of the land and the construction costs according to the submitted budget.

The bank also calculates the estimated market value of the land (EMV – Estimated Market Value) after construction is completed, in order to determine the total financing and the amount of the first tranche.

In addition to the usual documentation, it is necessary to provide:

Construction or Works Budget (mandatory for financing analysis)

Construction Contract, with the budget attached

Approved Project, stamped by the municipality, with a valid building permit issued for the minimum required period

Geralmente, tens até 2 anos para concluir a construção, o que não invalida que em situações excecionais, este prazo possa ser estendido.

Quando o imóvel estiver concluído (verificado por vistoria e/ou emissão da Licença de Habitação), passará a par

1. Evaluation and Feasibility of Construction on the Land

2. Submission of the Project and Construction Plans

3. Collection of Documentation

4. Credit Approval

5. Evaluation and Issuance of Building Permit