Getting a mortgage in Morocco: down payment, rates, guarantees and aid

For a mortgage (crédit immobilier, قرض عقاري), the bank looks at your down payment, your ability to repay and the property. Rules vary between banks; generally:

• Down payment: at least enough to cover buying costs (about 7–10% of the price), often 10–30% of the price for better terms.
• Debt-to-income ratio (taux d’endettement): no single legal cap, but repayments on all your loans are generally kept to about 40% of net income, sometimes 50% for high earners.
• Term: usually up to 25 years, with a maximum age at the end of the loan set by each bank. Civil servants and permanent employees are favoured; the self-employed must show regular, declared income.

A fixed rate, the most common, stays the same for the whole term. A variable rate follows an index set in the contract: it may start lower but can rise, hence the value of a cap. Always compare the annual percentage rate (taux effectif global, TEG), which includes arrangement and guarantee fees.

For guidance only: according to Bank Al-Maghrib’s survey published in August 2026, the average rate on property loans (all borrowers) was 5.06% in the second quarter of 2026; the policy rate stayed at 2.25% in September 2026. Your rate will depend on your profile: compare several banks.

The bank registers a first-rank mortgage on the titre foncier, so untitled property is hard to finance. The ANCFCC charges registration in bands of the loan (0.5% up to 250,000 MAD, then 1.5% up to 5,000,000 MAD) plus 100 MAD per title, on top of the notary; releasing it later (mainlevée) costs 500 MAD per title.

Death and disability insurance is required, often with home insurance. If the insurer refuses to cover you and the loan depends on it, the loan contract is cancelled at no cost (Article 119 of Law 31-08).

• The written loan offer must stay open for at least 15 days; you can only accept it after a 10-day cooling-off period (Article 120).
• A preliminary contract funded by a loan is signed subject to obtaining it, for at least one month; if the loan is refused, the deposit is refunded in full (Article 127).
• Early repayment is allowed at any time; any penalty is capped at 2% of the outstanding capital (Article 132).

The public Damane Assakane scheme, run by Tamwilcom, guarantees part of the loan to the bank. It includes FOGARIM (modest or irregular incomes), FOGALOGE (public-sector staff) and FOGALEF (members of the Mohammed VI Foundation for education and training staff). You apply through the bank; ceilings and conditions can change. Depending on the bank, these guarantees can allow up to 100% financing, but the loan is still owed in full.

For a new home, the Daam Sakane direct aid (100,000 or 70,000 MAD) can be combined with the loan and reduces the amount to borrow: check your eligibility with our tool.

Moroccans living abroad (MRE) can borrow from Moroccan banks on the basis of their foreign income (employment contract, payslips, bank statements from the country of residence), with a mortgage and insurance; the down payment required is often higher.

Participative (Islamic) banks offer property murabaha: the bank buys the home and resells it to you with a margin fixed at signing, paid in fixed monthly instalments with no interest, with takaful insurance. The land registry charges a fixed 1,000 MAD per title for this resale.

A 1,000,000 MAD flat, a 200,000 MAD down payment plus buying costs (about 70,000 MAD), and an 800,000 MAD loan over 25 years at a fixed 5% (an assumption close to the Bank Al-Maghrib average):

• monthly repayment of about 4,680 MAD excluding insurance, or about 603,000 MAD of interest in total;
• net income needed at a 40% ratio: about 11,700 MAD a month, with no other loans;
• mortgage registration: about 9,600 MAD under the ANCFCC tariff, plus the notary.

Try your own figures with our mortgage calculator and get the property valued: the bank will often run its own valuation.