Mortgage no down payment Morocco 2026
Buying a home in Morocco without a down payment is the dream of many buyers. In 2026, certain banks do accept financing up to 100% of the property price, but under strict conditions. This guide covers everything: which banks qualify, eligible profiles, the Daam Sakane programme, and tips to secure a no-down-payment mortgage.
Is It Really Possible?
The short answer is yes, but not for everyone. Moroccan banks traditionally require a down payment of 10–20% of the property price. However, several institutions have relaxed their criteria, particularly for civil servants and permanent-contract employees with solid tenure.
Bank Al-Maghrib sets no legal minimum for down payments — each bank defines its own risk policy. In practice, 100% financing represents approximately 12% of mortgages granted in 2025 according to APSF (Association Professionnelle des Sociétés de Financement) data.
Good to Know
Even with no down payment on the property price, you will still need to cover ancillary costs: notary fees (around 6–7% of the price), bank processing fees, and borrower's insurance. Some banks accept rolling these costs into the loan, bringing total financing to 110%.
Which Banks Accept 0% Down Payment?
In 2026, the following banks offer 100% property price financing under conditions:
| Bank | Max. Financing | Accepted Profiles | Max. Term | Indicative Rate |
|---|---|---|---|---|
| CIH Bank | 100% | Civil servants, CDI >2 yrs | 25 yrs | 4.50% |
| Attijariwafa Bank | 100% | Civil servants, corporate agreements | 25 yrs | 4.45% |
| Banque Populaire | 100% | Civil servants only | 25 yrs | 4.60% |
| BMCE Bank of Africa | 100% | Civil servants, senior managers | 25 yrs | 4.55% |
| Crédit du Maroc | 100% | Civil servants, CDI >3 yrs | 20 yrs | 4.70% |
| Société Générale Maroc | 95% | All stable CDI profiles | 25 yrs | 4.65% |
* Indicative rates observed early 2026. Actual rates depend on profile, term and amount. Use our mortgage simulator for a personalised estimate.
Conditions for 100% Financing
To obtain a mortgage without a down payment, banks generally require a solid profile:
- ✓Stable employment: tenured civil servant or permanent-contract employee with at least 2–3 years' seniority
- ✓Debt ratio <40%: total monthly instalments (all loans combined) must not exceed 40% of net income
- ✓Sufficient residual income: minimum 3,000–4,000 MAD after all expenses for a single person; 5,000–6,000 MAD for a couple
- ✓Clean banking history: no payment incidents, no bounced cheques, no entry in Bank Al-Maghrib's credit registry
- ✓Compliant property: the property must be titled, in good condition, and valued consistently with the bank's appraisal
The Daam Sakane Programme
Launched in January 2024 to replace older housing aid schemes, Daam Sakane is a government programme offering direct assistance for first-home purchases:
Property ≤ 300,000 MAD
- ✓ Direct grant of 100,000 MAD
- ✓ Paid directly to the notary
- ✓ Can be combined with a bank loan
Property 300,001–700,000 MAD
- ✓ Direct grant of 70,000 MAD
- ✓ Paid directly to the notary
- ✓ Can be combined with a bank loan
This grant effectively acts as a down payment: on a 300,000 MAD property, the 100,000 MAD grant represents 33% of the price, making it significantly easier to obtain a loan for the remaining 200,000 MAD. It is the most accessible route to buying without prior savings.
Real Examples with Amounts
Case 1: Female teacher, Casablanca
Salary: 8,500 MAD/month | Property: 280,000 MAD apartment in Dar Bouazza
Daam Sakane grant: 100,000 MAD | Remaining loan: 180,000 MAD over 20 years
Monthly payment: 1,250 MAD (rate 4.45%) — Debt ratio: 14.7%
Case 2: Civil servant couple, Marrakech
Combined income: 18,000 MAD/month | Property: 550,000 MAD apartment
Daam Sakane grant: 70,000 MAD | Remaining loan: 480,000 MAD over 25 years
Monthly payment: 2,890 MAD (rate 4.50%) — Debt ratio: 16.1%
Case 3: Engineer (CDI), Rabat
Salary: 15,000 MAD/month | Property: 750,000 MAD apartment in Hay Riad
No Daam Sakane (price >700K) | Loan: 750,000 MAD over 25 years
Monthly payment: 4,520 MAD (rate 4.55%) — Debt ratio: 30.1%
Bank Comparison: No Down Payment
| Bank | Response Time | Processing Fees | Insurance Included | Key Strength |
|---|---|---|---|---|
| CIH Bank | 48–72h | 0.5% of amount | Yes (group) | Pioneer of 100% financing, digital process |
| Attijariwafa Bank | 3–5 days | 0.5% of amount | Yes (Wafa Assurance) | Largest branch network |
| Banque Populaire | 5–7 days | 0.5% of amount | Yes (RMA) | Best rates for civil servants |
Tips to Maximise Your Chances
- ✓Apply to your salary bank first — they know your income history and are more likely to approve
- ✓Reduce existing debt — pay off small consumer loans before applying to improve your debt ratio
- ✓Apply with Daam Sakane — the grant reduces the loan amount and significantly improves approval odds
- ✓Get pre-approval in writing — a bank pre-approval letter strengthens your position when negotiating with the seller
- ✓Compare multiple banks — submit parallel applications to at least 3 banks to negotiate the best rate
Frequently Asked Questions
Can a foreigner resident in Morocco get a no-down-payment mortgage?
It is very difficult. Banks reserve 100% financing almost exclusively for civil servants and high-seniority CDI employees. Foreigners are typically required to provide 20–30% down payment unless they work for a large multinational with a corporate banking agreement.
Does Daam Sakane apply to new builds and resale properties?
Yes, Daam Sakane applies to both new and resale properties, as long as it is your first property purchase in Morocco and the price falls within the eligible brackets (≤300,000 MAD or ≤700,000 MAD depending on the tranche).
What if my application is rejected?
Ask the bank for the specific reason. The most common causes are: debt ratio too high, insufficient seniority, property valuation below purchase price, or a negative entry in Bank Al-Maghrib's credit registry. Each issue has a solution — wait, pay down debt, or choose a lower-priced property.
Is a Mourabaha (Islamic mortgage) available with no down payment?
Yes. Participative banks (Umnia Bank, Bank Assafa, etc.) offer Mourabaha with no down payment for civil servants under similar conditions to conventional banks. The Mourabaha margin is fixed at signing and the Daam Sakane grant is compatible.
Sources and References
- 1. Bank Al-Maghrib — Central bank of Morocco, mortgage credit statistics
- 2. APSF — Professional Association of Finance Companies, annual lending report
- 3. Ministry of Housing — Daam Sakane programme details and eligibility conditions
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