Does the bank finance apartments that are under construction or semi-finished (core and shell)? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does the bank finance apartments that are under construction or semi-finished (core and shell)?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

No. Banks and the presidential initiatives require the unit to be ready for immediate occupancy and fully finished, with all the basic utilities in place (electricity, water), in order to protect the bank's money and to make sure the customer can move in immediately.

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