How to calculate a mortgage in Morocco?

Monthly payment = Capital x r x (1+r)^n / ((1+r)^n minus 1), where r = monthly rate (annual rate divided by 12). Moroccan bank rates in 2026 range from 4.5% to 5.5%.

What is the maximum debt-to-income ratio for a mortgage in Morocco?

Bank Al-Maghrib recommends a ratio below 33% of net monthly income. For a MAD 8,000 net salary, the maximum monthly payment is MAD 2,640.

What is the maximum mortgage term in Morocco?

Most Moroccan banks offer terms up to 25 years, some extending to 30 years for salaried employees. Longer terms reduce monthly payments but increase total interest.

What down payment is needed for a Moroccan mortgage?

Moroccan banks typically require 10-30% down payment. For a MAD 1,000,000 property you would need MAD 100,000 to 300,000 upfront.

How is amortization calculated for a Moroccan mortgage?

Moroccan mortgages use constant monthly payments (amortizing loans). Interest is calculated on the remaining capital each month, so early payments are mostly interest while later payments are mostly capital.

🏠

Morocco Mortgage Calculator 2026 — Monthly Payment, Rate & Amortization

Calculate your monthly mortgage payment in Morocco with current Moroccan bank interest rates.

Property Price (MAD)

Down Payment (MAD)

Annual Interest Rate (%)

Duration (years)

Results

ℹ️ Mortgage rates in Morocco

Current rates from Moroccan banks (2026): CIH 4.5–5.5%, Attijariwafa 4.5–5.2%, BMCE 4.8–5.5%. Recommended effort rate: max 33% of net income.

Morocco Mortgage Guide 2026 — Rates, Rules & Tips

Before applying for a mortgage in Morocco, check your debt-to-income ratio (taux d'effort). Bank Al-Maghrib recommends keeping total monthly loan repayments below 33% of net salary. On a MAD 8,000 net salary, the maximum monthly mortgage payment is MAD 2,640.

Moroccan Bank Mortgage Rates 2026

CIH Bank — 4.5% to 5.5% fixed rate
Attijariwafa Bank — 4.5% to 5.2% fixed rate
BMCE Bank of Africa — 4.8% to 5.5% fixed rate
Banque Populaire — 4.6% to 5.4% depending on duration

A typical 20-year mortgage at 5% on MAD 640,000 (MAD 800,000 property with 20% down) results in MAD 4,221/month and MAD 373,000 total interest. Use the calculator above to simulate your exact scenario.

Also useful: Consumer Credit Calculator · Car Loan Calculator · Savings Calculator · Net Salary Calculator

📐 Mortgage monthly payment formula

Payment = (Amount × t) ÷ (1 − (1 + t)−n)
t = annual rate ÷ 12 · n = number of months
Total cost = Payment × n − Amount borrowed

📊 Payment by rate (800,000 MAD over 20 years)

Annual rate	Monthly payment	Total interest
4.0%	≈ 4,848 MAD	≈ 363,520 MAD
4.5%	≈ 5,061 MAD	≈ 414,640 MAD
5.0%	≈ 5,280 MAD	≈ 467,200 MAD
5.5%	≈ 5,503 MAD	≈ 520,720 MAD

💼 Mortgage scenarios

500,000 MAD, 4.5%, 15 years

Payment ≈ 3,825 MAD/month, total interest ≈ 188,500 MAD.

1,000,000 MAD, 5%, 25 years

Payment ≈ 5,846 MAD/month, total interest ≈ 753,800 MAD.

💡 Practical tips

Debt-ratio rule: banks require your total payments to stay under 40% of net income.
Compare several banks (Attijariwafa, Bank of Africa, CIH, Banque Populaire): a 0.5-point gap saves tens of thousands.
Negotiate file fees and loan insurance, which are often more negotiable than the rate itself.
A larger down payment significantly lowers total interest.

⚠️ Limits and disclaimer

Rates are indicative and vary by profile, bank and date.
Loan insurance, file fees and registration costs add to the total.

Official sources: Bank Al-Maghrib (bkam.ma) · Moroccan Banking Group (GPBM) · standard banking contracts.
Last updated: February 2026.

❓ Frequently asked questions

How is a mortgage payment calculated?

With the constant-amortization formula based on the amount, the monthly rate and the term in months, giving a fixed payment.

What is the maximum debt ratio banks accept?

Usually 40% of net monthly income for total loan payments.

Fixed or variable rate?

Moroccan banks offer both; a fixed rate protects you from increases, a variable rate may start cheaper.

What extra fees apply?

Loan insurance, file fees, mortgage registration and notary costs.

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.