How does it work? In practical terms, you make an initial down payment of 10% at the time of reservation, then pay the remainder in installments as construction progresses. Each payment installment is secured by a notarized contract<\/strong>. This allows you to track the progress of the project and make your monthly payments according to your financial situation<\/strong>. It eliminates bank interest<\/strong> and lets you plan your budget<\/strong> over several months or even several years. <\/p>\n\n For your installment payment plan, it is essential to:<\/p>\n\n With this system, you can become a homeowner<\/strong> without having to go through a bank in Senegal.<\/p>\n\n While paying in installments is convenient, it requires an initial down payment. There are practical solutions available in Senegal to help make that down payment. <\/p>\n\n Opening a savings account<\/strong> specifically for your real estate project is an effective strategy. You deposit a set amount each month until you reach your down payment. This system allows you to: <\/p>\n\n For example, if your goal is 10 million CFA francs, a monthly payment of 500,000 CFA francs for 20 months will allow you to reach that goal without any stress. This method is simple and secure. <\/p>\n\n In Senegal, the tontine<\/strong> is a very traditional form of savings <\/strong> <\/strong>effective. It involves pooling resources<\/strong> with a group of people and redistributing the money in turn. For a successful tontine, we strongly recommend that you: <\/p>\n\n This method allows you to raise funds<\/strong> quickly and collectively. Digital tontines<\/a> have<\/a> emerged<\/a> in recent years, significantly accelerating the growth of this form of savings. They are particularly useful for buyers without a regular income or for members of the diaspora<\/strong> wishing to invest remotely. <\/p>\n\n These two savings strategies allow you to build up a<\/strong> substantial down payment<\/strong> and secure your real estate purchase<\/strong> without relying on a bank.<\/p>\n\n A Soci\u00e9t\u00e9 Civile Immobili\u00e8re<\/strong> (SCI) is a legal structure<\/strong> that allows people to purchase property without a bank loan. It enables several people to pool their resources and purchase a property together. Each partner contributes capital, which is converted into shares. <\/p>\n\n In Senegal, the SCI is governed by OHADA law<\/strong> and offers several advantages:<\/p>\n\n Real-life example: Three partners each contribute 10 million FCFA. They can purchase an apartment<\/strong> without having to go through a bank. Rental income<\/strong> and capital gains are then distributed according to their respective shares. <\/p>\n\n However, if you are considering setting up an SCI, you will need legal assistance. It is possible to finance a real estate project in Senegal without a bank loan thanks to three solutions:<\/p>\n\n These methods allow you to become a homeowner gradually, securely, and in a way that aligns with your financial goals. Need help choosing a financing solution? Contact our sales teams today. <\/p>\n Learn more:<\/strong> Installment payments for off-plan properties<\/a> \u00b7 Our apartments for sale<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Are you looking to buy a home in Senegal, but feel like banks are out of reach? Don\u2019t panic. It is possible to finance a real estate project in Senegal without a bank loan. It just requires good organization and solutions tailored to your situation. Thanks to options like installment plans, structured savings accounts, or […]<\/p>\n","protected":false},"author":16,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_seopress_titles_title":"Real Estate Projects Without Bank Loans in Senegal: The Options","_seopress_titles_desc":"Are you looking to finance your real estate project in Senegal without a bank loan? 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2. Use your personal savings to finance your real estate project in Senegal without a bank loan<\/h2>\n\n
2.1 The Structured Savings Plan<\/h3>\n\n
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![\"a](\"https:\/\/www.realites-senegal.sn\/wp-content\/uploads\/2026\/02\/enveloppe-argent-3-1024x683.jpg\")
<\/figure>\n\n2.2 Tontines and Community Savings<\/h3>\n\n
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3. The SCI: A Way to Establish a Collective Legal Structure <\/h2>\n\n
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Summary of the 3 ways to invest in real estate in Dakar without taking out a bank loan.<\/h2>\n\n
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