Borrowing capacity in Morocco: how much can you borrow?

Your borrowing capacity depends first on the maximum monthly repayment the bank will accept. There is no single legal cap in Morocco: each bank sets its own rule. In practice, all your loan repayments (mortgage, consumer, car) are most often kept to about 40% of your monthly net income; some banks accept up to 50% for high incomes or very stable profiles.

Possible repayment = net income × debt ratio − repayments on existing loans. With 15,000 MAD net a month, a 40% ratio and a 1,000 MAD car loan, 5,000 MAD remains for the mortgage.

Don’t always aim for the maximum: according to the financial stability report cited by Finances News, 35% of new borrowers were above a 40% debt ratio in 2023, while the average was 35%. Keep a margin for the unexpected.

Amount you can borrow for a 5,000 MAD monthly repayment, excluding insurance:

• at 4.5%: about 790,000 MAD over 20 years, 900,000 MAD over 25 years;
• at 5%: about 758,000 MAD over 20 years, 855,000 MAD over 25 years;
• at 5.5%: about 727,000 MAD over 20 years, 814,000 MAD over 25 years.

A longer term raises the amount, but also the total interest cost. Our mortgage simulator works out the repayment and borrowing capacity with your figures.

At a minimum the bank expects you to cover the buying costs (registration duty, land registry, notary), about 7–10% of the price. A down payment of 20–30% of the price gets you better rates. So your total budget is: amount you can borrow + down payment − buying costs.

100% financing is still possible for some profiles or with a state guarantee (see below), but it does not cover the costs. Work them out with our buying costs tool.

According to Bank Al-Maghrib’s survey, the average rate on real-estate loans went from 5.19% in Q4 2025 to 5.13%, 5.06% and then 4.99% in Q3 2026 (published 5 November 2026). This figure mixes individuals and developers; for housing loans to individuals alone it was 4.66% in Q1 2026. The policy rate stayed at 2.25% at the 22 September 2026 board meeting.

A fixed rate, the most common, protects you against rises; a variable rate can start lower but follows an index, hence the value of a cap. Once insurance and VAT on interest are added, the real cost often exceeds 5%: compare the annual percentage rate (TEG) of several banks.

Mortgages generally run from 7 to 25 years. Each bank sets a maximum age at the end of the loan: the later you borrow, the shorter the possible term, and your capacity with it.

Death and disability insurance is mandatory, often with home insurance. Its premium is added to the repayment and counts in the debt ratio: ask for its exact cost in the loan offer.

If your income is modest or irregular, or you work in the public sector, a state guarantee can convince the bank to lend, sometimes with no down payment. The Damane Assakane scheme, run by Tamwilcom, still exists: according to Bank Al-Maghrib’s 2025 financial stability report, it covered nearly 33 billion dirhams of loans in 2025.

• FOGARIM: modest or irregular incomes (about 18 billion dirhams in 2025).
• FOGALOGE: public-sector employees (about 15 billion in 2025).
• FOGALEF: members of the Mohammed VI Foundation for education and training social works.

You apply through your bank, which checks the income and loan ceilings in force; they can change, so ask your adviser. The guarantee reassures the bank, but you still have to repay the whole loan. It can be combined with the Daam Sakane direct aid if you qualify.

Since 1 January 2026, the Office des changes’ general instruction on foreign exchange operations lets banks lend Moroccans living abroad up to 80% of the property value in dirhams, up from 70%, with no limit on the number of properties.

The rest of the price and the costs must be paid in foreign currency or from a convertible dirham account, as must the repayments. The bank requires a first-rank mortgage or a guarantee from a foreign bank. It assesses your income abroad (employment contract, payslips, bank statements, tax assessment in your country of residence) and may build in caution for exchange-rate risk.

• National ID card (CIN) or passport, and proof of address.
• Employees: employment and salary certificate, latest payslips.
• Self-employed: tax returns and accounts for recent years, trade register or auto-entrepreneur status.
• Recent bank statements and a list of current loans.
• For the property: promise of sale or preliminary contract, land title certificate, plans and, for a new build, the occupancy permit.

The bank often has the property valued: if the valuation is below the price, it lends on the lower figure. Under Law 31-08, the loan offer stays open for at least 15 days and you have 10 days to think before accepting it.

A couple with 15,000 MAD net a month, a 1,000 MAD car loan and 150,000 MAD of savings. Assumptions: 40% debt ratio, 5% fixed over 25 years, 7% buying costs.

• Possible repayment: 15,000 × 40% − 1,000 = 5,000 MAD (insurance included, if the bank counts it).
• Amount you can borrow: about 855,000 MAD.
• Maximum price: (855,000 + 150,000) / 1.07 ≈ 939,000 MAD, with about 66,000 MAD of costs.

Over 20 years instead of 25, the loan drops to about 758,000 MAD and the maximum price to about 848,000 MAD, but you save more than 100,000 MAD of interest. These figures are indicative: only the bank’s written offer is binding.