Morocco 💰 MAD Last updated2026-05-28

Crédit immobilier Calculator Morocco

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Quick answer (Morocco)

A MAD 1,200,000 crédit immobilier at 5.75% over a 25-year term works out to a monthly payment of about 7.549 MAD, with total interest of 1.064.783 MAD over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$9,549

PITI

Principal + Interest

$7,549

47% goes to interest

Total Interest

$1,064,783

over 25 years

Monthly Breakdown

Principal & Interest$7,549

Property Tax (1.1%/yr)$1,375

Homeowner's Insurance (0.5%/yr)$625

Total Monthly$9,549

Principal vs Interest Split

53% principal

47% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Crédit immobiliers in Morocco

Typical loan

1.200.000 MAD

in Morocco

Typical rate

5.75% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

Moroccan mortgages are dominated by Attijariwafa Bank, Banque Populaire (BCP), BMCE Bank of Africa, Crédit du Maroc, and the state-backed CIH Bank (specialized housing finance). Bank Al-Maghrib policy rate sits at 2.50% in early 2026 after cutting from 3.0% in 2024. Morocco's mortgage market is the most developed in North Africa, supported by the FOGARIM state guarantee program for low-income buyers and FOGALOGE-PUBLIC for public sector employees.

Why 5.75% is the typical rate

5.75% reflects a typical fixed-rate mortgage for a salaried Moroccan borrower at 80% LTV in early 2026. FOGARIM-guaranteed mortgages for low-income buyers (monthly income under MAD 5,200) can price at 3.5-4.5% with state backing. CIH Bank specializes in housing finance with competitive rates for first-time buyers.

Tax & regulatory notes

Mortgage interest is deductible from Moroccan personal income tax for owner-occupied primary residences — up to MAD 1,000 per month (~$100). Property registration fee (droits d'enregistrement) is 4% of property value. Notary fees add 1-2%. The Tax on Public Acts (Taxe sur les Actes) of 1% applies. Foreign EU/EEA buyers face standard rules; non-EU buyers can purchase but face restrictions on agricultural land. Morocco has been increasingly welcoming Gulf and African investment in real estate.

🧮 Worked example

A MAD 1,200,000 crédit immobilier at 5.75% over a 25-year term

Loan amount

1.200.000 MAD

Annual interest rate

5.75%

Term

25 years (300 months)

Monthly payment

7.549 MAD

Total interest paid

1.064.783 MAD

Total paid (principal + interest)

2.264.783 MAD

❓ FAQ (Morocco)

Common questions in Morocco.

FOGARIM program — am I eligible?

FOGARIM (Fonds de Garantie pour les Revenus Irréguliers et Modestes) is Morocco's state guarantee program for mortgages to low-income and irregular-income workers. Eligibility: Moroccan national, monthly income under MAD 5,200 (~$520), first-time buyer of primary residence under MAD 800,000. The state guarantees 70% of the loan, allowing banks to lend at lower rates (3.5-4.5%) with simpler documentation. CIH Bank, Attijariwafa, and Banque Populaire are the major FOGARIM lenders.

Can Moroccan diaspora (MRE) get home loans in Morocco?

Yes — Moroccan Residents Abroad (MRE) are a major buyer segment, generating ~$11 billion in annual remittances and significant property purchase volume. All major Moroccan banks (Attijariwafa, BCP, BMCE, CIH) have MRE departments handling overseas residents in France, Spain, Italy, Belgium, Netherlands, and Canada. LTV typically 70% for MRE (vs 80% residents), salary income documented in foreign currency at official rates, embassy attestation accepted.

Morocco property as a Gulf or European investment?

Morocco has been actively welcoming Gulf and European real estate investment, particularly in Marrakech, Casablanca, Tangier, and Agadir. Foreign buyers (non-Moroccan) face no significant restrictions on urban residential property. Mortgage financing for non-residents is available from major Moroccan banks with LTV typically 50-65% and documentation requirements similar to MRE. Popular among French retirees, Gulf investors (especially UAE/Saudi), and increasingly Chinese investors.

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