New car loan Morocco 2026: 7 banks compared, rates 4.5-7%

1. New car market in Morocco in 2026: near-systematic financing

The Moroccan new car market exceeds 175,000 registrations per year in 2026, more than 78% of which are financed via a bank loan or leasing. New vehicles benefit from preferential treatment compared to second-hand: banks consider the vehicle as a higher quality guarantee, which reduces risk and therefore the interest rate applied.

Three segments concentrate demand: city cars under 200,000 MAD (Dacia Sandero, Hyundai i10, Renault Clio), compacts between 200,000 and 320,000 MAD (Peugeot 208, Toyota Yaris, Kia Picanto) and family SUVs above 320,000 MAD (Dacia Duster, Hyundai Tucson, VW T-Cross). For each segment, the 7 Moroccan banks offer dedicated solutions with differentiated ceilings and terms.

Key advantage of new in 2026

A new car loan costs on average 1.5 to 2 rate points less than an equivalent used car loan, a saving of 8,000 to 15,000 MAD over the total term of the loan.

2. Comparison of the 7 Moroccan banks for new car loans 2026

Bank	Offer	Max ceiling	Rate 2026	Max term
Attijariwafa Bank	Crédit Auto+	800,000 MAD	4.5-6.5%	84 months
BMCE-BOA (Bank of Africa)	Pack Mobilité Neuf	700,000 MAD	4.8-6.8%	84 months
BCP (Banque Populaire)	Salaf Auto Neuf	750,000 MAD	4.7-6.7%	84 months
CIH Bank	Pack Auto Neuf	600,000 MAD	5.0-7.0%	72 months
Crédit Agricole du Maroc	Crédit Auto	500,000 MAD	5.2-7.0%	72 months
Société Générale Maroc	Auto+	650,000 MAD	4.9-6.9%	84 months
Sofac (RCI Banque)	Renault Crédit / Dacia Easy	350,000 MAD	4.5-6.0%	84 months

The 7 major players in new car financing in Morocco in 2026 are the 6 largest banks plus Sofac, a specialised subsidiary of the RCI Banque group (Renault manufacturer). Each has direct agreements with the partner dealerships Renault, Dacia, Peugeot, Hyundai, Kia, Toyota and Volkswagen, allowing rapid release of funds directly to the seller.

3. New vs used car loan: down payment, term and rate

Criterion	New car loan	Used car loan
Minimum down payment	10-15%	20-30%
Maximum term	84 months (7 years)	60 months (5 years)
Rate 2026	4.5-7%	6-9%
Financing ceiling	Up to 800,000 MAD	Up to 400,000 MAD
Accepted vehicle age	New 0 km	Max 5-7 years
Processing time	5-10 days	10-15 days

The difference between a new car loan and a used car loan concerns three main variables: the personal down payment required, the maximum repayment term and the nominal interest rate. On all three criteria, new is significantly more advantageous, which partly offsets the higher purchase cost of the vehicle.

Concrete consequence

On the same 200,000 MAD vehicle financed at 100%, the new car allows a monthly payment 20-25% lower thanks to the extended term and the lower rate.

4. Manufacturer offers: Renault Crédit, Dacia Easy, Peugeot Finance

Renault Crédit (via Sofac) — rate from 4.5%, financing up to 100% for Clio, Captur, Mégane
Dacia Easy (via Sofac) — rate from 4.5%, seasonal promotional 0 down payment operations on Sandero/Logan
Peugeot Finance (BMCE-BOA partnership) — rate from 4.8% on 208, 2008, 3008
Hyundai Finance (BCP partnership) — trade-in bonus up to 15,000 MAD on i10, Tucson
Kia Finance (CIH partnership) — rate from 5.0%, 7-year warranty included
Toyota Finance (Attijariwafa partnership) — hybrid Yaris/Corolla offers at 4.7%
VW Finance (Société Générale partnership) — T-Cross/Tiguan financing up to 84 months

In 2026, the main manufacturers present in Morocco offer their own financing solutions, generally via Sofac (Renault, Dacia) or banking partnerships (Peugeot, Hyundai, Kia). These manufacturer offers are often more competitive on specific models, with promotional rates as low as 3.9% on short terms, or zero down payment operations on entry-level models.

5. Standard eligibility conditions for new car loans

Age: between 21 and 65 at the end of the loan
Professional seniority: minimum 6 months on permanent contract or 2 years for independents
Minimum income: 4,000 MAD net monthly (low threshold), 6,000 MAD recommended
Maximum debt ratio: 40% of net income after factoring in the new loan
Personal down payment: 10 to 15% of the TTC price of the vehicle
Salary domiciliation in the lending bank often required
Documents: ID, last 3 payslips, employment contract, employer certificate, dealer quote, bank details
File processing time: 5 to 15 working days

The conditions for granting a new car loan in Morocco in 2026 remain homogeneous between the 7 banks, with some variations on income thresholds and required professional stability. Permanent contract employees in the public sector or large companies benefit from the best conditions, while liberal professions and independents must justify 2-3 years of activity.

6. 3 concrete cases of new car loans in 2026

To illustrate real monthly payments, here are three calculated simulations on the most financed models in Morocco in 2026. The rates used correspond to the median rate observed on the market for a permanent contract employee with a standard down payment and good repayment capacity.

Case 1: Dacia Sandero — entry-level city car

TTC price: 145,000 MAD. Down payment of 15,000 MAD (10%). Loan of 130,000 MAD over 60 months at a nominal rate of 5.5%. Monthly payment: 2,480 MAD. Total cost of the loan: 18,800 MAD over 5 years. This financing is typically granted by Sofac via Dacia Easy or by BCP/Attijariwafa for domiciled employees.

Case 2: Peugeot 208 — mid-range compact

TTC price: 215,000 MAD. Down payment of 35,000 MAD (16%). Loan of 180,000 MAD over 72 months at a nominal rate of 5.8%. Monthly payment: 2,950 MAD. Total cost of the loan: 32,400 MAD over 6 years. Offer commonly proposed by BMCE-BOA via Peugeot Finance, with possibility of a trade-in bonus up to 10,000 MAD.

Case 3: Toyota Corolla — premium family sedan

TTC price: 285,000 MAD. Down payment of 45,000 MAD (16%). Loan of 240,000 MAD over 84 months at a nominal rate of 6%. Monthly payment: 3,510 MAD. Total cost of the loan: 54,840 MAD over 7 years. Financing provided by Attijariwafa Bank via Toyota Finance, with a 5-year warranty extension often included in the package.

Simulation tip

Increasing the down payment from 10% to 20% on these three cases reduces the monthly payment by 280 to 390 MAD and saves between 6,000 and 11,000 MAD on the total cost of the loan.

7. Complete procedure for requesting a new car loan

Step 1: vehicle selection and firm quote from the dealer (valid 30 days)
Step 2: comparison of the 7 banks' offers via online simulator or branch appointment
Step 3: assembly of the complete file (ID, pay, contract, employer, quote, bank details)
Step 4: file deposit in branch or online and signature of the application form
Step 5: processing by the bank (5-15 days), with CIB verification and repayment capacity check
Step 6: issuance of the preliminary loan offer, legal cooling-off period of 7 days
Step 7: contract signature, direct release of funds at the dealer and collection of the vehicle

The new car loan application in Morocco follows a standardised procedure between the 7 banks. The overall time between the first request and the release of funds at the dealership is 7 to 20 working days depending on the quality of the file and the speed of transmission of supporting documents.

8. Cross-sell: car insurance and warranty extension

Comprehensive car insurance: mandatory for the bank, annual premium between 4,500 and 9,000 MAD depending on vehicle
DIT insurance (death-disability-work): recommended, around 0.3-0.5% of the borrowed capital per year
5-7 year warranty extension: cost 4,000 to 12,000 MAD depending on model, can be financed in the loan
24/7 breakdown assistance: often included free of charge in the first year
Alternative to consider: leasing with purchase option (LOA) may be more relevant for drivers driving less than 20,000 km/year and wishing to change vehicles every 3-4 years

A new car loan is systematically accompanied by two complementary products that are mandatory or strongly recommended: comprehensive car insurance (required by the bank for the entire loan term) and death-disability insurance (DIT) which protects the family in case of misfortune. To these two basic protections is frequently added an extension of the manufacturer warranty, particularly relevant on vehicles whose original warranty is limited to 2-3 years.

Overall saving

Subscribing to car insurance and warranty extension with the same bank as the loan allows obtaining a grouped package with an overall discount of 8 to 15% on annual premiums.

9. FAQ

Q.What is the average rate for a new car loan in Morocco in 2026?

The average nominal rate for a new car loan in 2026 is between 4.5% and 7%, with a median of 5.5% for a permanent contract employee domiciled with a 15% down payment. The best rates (4.5-5%) are obtained via Sofac manufacturer offers (Renault, Dacia) and Attijariwafa.

Q.What is the maximum term for a new car loan in Morocco?

The maximum term for a new car loan is 84 months (7 years) at Attijariwafa, BMCE-BOA, BCP, Société Générale and Sofac. CIH and Crédit Agricole cap at 72 months (6 years). By comparison, used cars are limited to 60 months maximum.

Q.What is the minimum down payment for a new car loan?

The minimum down payment required in 2026 varies from 10 to 15% of the TTC price of the vehicle depending on the bank. Sofac and Attijariwafa accept 10% down payments for good profiles, while CIH and Crédit Agricole generally require a minimum of 15%.

Q.Can you finance 100% of the price of a new car in Morocco?

Yes, in limited cases via manufacturer promotional offers (Dacia Easy, Renault Crédit) during seasonal operations, or for premium Attijariwafa and BCP clients with excellent files. The rate applied is then increased by 0.3 to 0.5 points.

Q.What minimum income to obtain a new car loan?

The minimum net monthly income is 4,000 MAD at most banks, but in practice you should aim for at least 6,000 MAD for a file accepted without difficulty. The total debt ratio (all loans combined) must not exceed 40% of net income.

Q.What documents to provide for a new car loan?

The standard documents are: ID, last 3 payslips, employment contract or employer certificate, last 3 bank statements, firm dealer quote, bank details for domiciliation. Independents add their last two tax returns and the patente certificate.

Q.How long to obtain approval and release of funds?

Processing time is 5 to 15 working days. After approval, the legal cooling-off period is 7 days, then the release of funds at the dealer is immediate upon signing the contract. In total, count 15 to 25 days between the request and taking possession of the vehicle.

Q.Car loan or leasing: which to choose in 2026?

Car loan is more relevant if you plan to keep the vehicle for more than 5 years and drive more than 25,000 km/year. Leasing is better suited to changing vehicles every 3-4 years, with less than 20,000 km/year and without resale worries. Leasing also allows better control of the total monthly budget (maintenance and warranty included).

Q.Can a new car loan be repaid early?

Yes, total or partial early repayment is authorised by all Moroccan banks, with compensation capped at 2% of the remaining capital according to Bank Al-Maghrib regulations. Beyond half the loan term, several banks (BCP, Attijariwafa) waive this compensation.

Q.Is car insurance mandatory with the loan?

Yes, comprehensive car insurance is required by the bank for the entire loan term to protect the financed asset. DIT insurance (death-disability) is legally optional but almost systematically requested by the bank. You are free to choose your insurer, who is not necessarily the bank's.

Simulate your new car loan in 2 minutes

Receive in less than 24 hours the offers of the 7 Moroccan banks adapted to your vehicle and your profile. Free service, no commitment.

Compare the 7 banks