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Consumer Credit
Calculate your monthly payment for a consumer loan in Morocco.
Results
Consumer credit rates in Morocco (2026): 7–14% depending on bank and profile. Always compare the effective annual rate (TEG).
📐 Consumer loan formula
Payment = (Amount × t) ÷ (1 − (1 + t)−n)
t = annual rate ÷ 12 · n = number of months
t = annual rate ÷ 12 · n = number of months
📊 Examples (50,000 MAD loan)
| Rate | Term | Monthly payment |
|---|---|---|
| 7% | 36 months | ≈ 1,544 MAD |
| 9% | 36 months | ≈ 1,590 MAD |
| 11% | 48 months | ≈ 1,292 MAD |
| 13% | 48 months | ≈ 1,342 MAD |
💼 Consumer loan scenarios
30,000 MAD, 9%, 2 years
Payment ≈ 1,370 MAD/month, interest ≈ 2,880 MAD.
80,000 MAD, 11%, 5 years
Payment ≈ 1,740 MAD/month, interest ≈ 24,400 MAD.
💡 Practical tips
- Consumer loan rates are higher than mortgages; compare the APR, not just the nominal rate.
- A longer term lowers the payment but raises total interest.
- Avoid stacking several consumer loans to stay under the debt ratio.
⚠️ Limits and disclaimer
- Rates are indicative and vary by institution (bank or finance company).
- File fees and insurance may apply.
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 does a consumer loan differ from a mortgage?
It involves smaller amounts, shorter terms and higher rates, and requires no property collateral.
What is the APR?
The effective annual rate including interest and fees; it is the true basis for comparison.
What are consumer loan rates in Morocco?
Usually between 7% and 13% depending on the institution and the borrower's profile.