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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.