Home savings plan
Home Savings Plan (PEL) combines bonus savings and access to a preferential rate mortgage. You save regularly for 3-5 years, then benefit from a reduced-rate loan to finance your home purchase.
Key characteristics
Annual yield
3-4%
Entry ticket
500 MAD
Horizon
3 to 5 years minimum
Risk
1/5
Liquidity
Blocked
How it works
Monthly programmed deposits over 3 to 5 years (from 500 MAD/month). Interest accumulates. At maturity, use your savings + obtain a preferential rate mortgage from the bank.
Advantages
- Tax-exempt interest
- Access to reduced-rate mortgage
- Disciplined savings (automatic deposits)
- State bonus on some PELs
Disadvantages
- Capital blocked minimum 3 years
- Moderate yield
- Max loan amount linked to savings
- Obligation to buy for exemption
2026 taxation
Interest exempt from tax if plan kept until term (minimum 3 years) and used to acquire a home.
For whom?
First-time buyers planning a home purchase in 3-5 years, young couples, MRE wishing to finance property in Morocco.
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