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Car Loan
Calculate your monthly car loan payment in Morocco.
Results
Car loan rates in Morocco (2026): 6–10%.
📐 Car loan formula
Payment = (Amount × t) ÷ (1 − (1 + t)−n)
t = rate ÷ 12 · n = number of months
t = rate ÷ 12 · n = number of months
📊 Examples (150,000 MAD financed)
| Rate | Term | Monthly payment |
|---|---|---|
| 5% | 48 months | ≈ 3,455 MAD |
| 6% | 48 months | ≈ 3,523 MAD |
| 7% | 60 months | ≈ 2,970 MAD |
| 8% | 60 months | ≈ 3,041 MAD |
💼 Car financing scenarios
120,000 MAD, 6%, 4 years
Payment ≈ 2,818 MAD/month, interest ≈ 15,264 MAD.
200,000 MAD, 7%, 5 years
Payment ≈ 3,960 MAD/month, interest ≈ 37,600 MAD.
💡 Practical tips
- Compare a classic bank loan with dealer financing (lease with purchase option).
- A larger down payment lowers the payment and total interest.
- Mandatory insurance adds to the financing cost.
⚠️ Limits and disclaimer
- Rates are indicative and vary by bank and vehicle type (new or used).
- Used-car financing is usually at a higher rate and shorter term.
Official sources: Bank Al-Maghrib (bkam.ma) · Moroccan Banking Group (GPBM) · standard banking contracts.
Last updated: February 2026.
Last updated: February 2026.
❓ Frequently asked questions
How do I calculate a car loan payment?
With the constant-amortization formula based on the amount, the rate and the term in months.
Loan or lease with purchase option?
With a loan you own the car immediately; with a lease you rent it then buy it at the end for a residual value.
What are car loan rates in Morocco?
Usually between 5% and 8% depending on the bank and vehicle.
Method and reliability: informative estimate based on the stated parameters and reviewed in July 2026. See our calculation method and sources. Seek qualified professional advice before an important tax, legal, medical or financial decision.