1. 2026 average APR and bank barometer
| Bank | Min APR | Avg APR | Min down | File fees |
|---|---|---|---|---|
| CIH Bank | 3.75% | 4.10% | 10% | 0 MAD |
| Attijariwafa Bank | 3.80% | 4.20% | 10% | 1,500 MAD |
| Banque Populaire | 3.85% | 4.25% | 10% | 1,500 MAD |
| BMCE Bank | 3.90% | 4.30% | 15% | 1,800 MAD |
| Bank Assafa (Mourabaha) | — | 4.25% | 20% | 1,200 MAD |
| Bank Al-Yousr (Mourabaha) | — | 4.20% | 20% | 1,000 MAD |
2. Daam Sakane: 2024-2028 subsidy
- Moroccan nationality or MRE, first-time buyer, principal residence, new (2024+ deed)
- Income ceiling: 30,000 MAD/month couple or 20,000 MAD/month single
- Cumulable with Damane Iskan and FOGARIM
Launched January 2024, Daam Sakane offers direct subsidy up to 100,000 MAD to first-time buyers purchasing a new principal residence.
3. Damane Iskan, FOGARIM, FOGALOGE: public guarantees
| Scheme | Target | Loan cap | Guarantee | Max APR |
|---|---|---|---|---|
| Damane Iskan | Formal salaried | 800,000 MAD | 70% | 4.50% |
| FOGARIM | Irregular income | 400,000 MAD | 80% | Free |
| FOGALOGE Public | Civil servants | 1,000,000 MAD | 70% | 4.50% |
| Daam Sakane | First-time buyers | 1,200,000 MAD | + 100k subsidy | — |
Mortgage: do not overlook borrower insurance
For a 1 MAD-million mortgage, insurance delegation can save up to MAD 30,000 over the full term.
Compare borrower insurance100% free · 2 minutes
4. Mourabaha mortgage: participatory alternative
Participating banks (Bank Al Yousr, Bank Assafa, Umnia, BTI, Arreda) offer Mourabaha mortgage: 2026 equivalent margin 4.10-4.60%, fixed installment, sharia-compliant.
5. MRE mortgage conditions 2026
MREs benefit from dedicated hubs at 4 banks. APR often 20-40 bp below resident rates, down payment in foreign currency accepted.
6. Borrowing capacity and debt ratio
Bank Al-Maghrib imposes 35% max debt ratio. For 15,000 MAD net income, max installment is 5,250 MAD, i.e. ~800,000 MAD borrowable over 20 years at 4.20%.
7. Additional costs to anticipate
- Personal down payment: 10-20%
- Notary fees: 5-7%
- Registration duties: 4%
- ADI: 0.30-0.50%/year
8. FAQ
Q.What is the average mortgage APR in Morocco 2026?
Average APR oscillates between 3.75% and 4.80%, with most of our banking partners between 4.10% and 4.50% depending on the borrower profile. Afdal's quarterly barometer (36,500 offers analyzed) confirms the trend: market average APR rose from 4.59% to 4.64% between H2-2025 and H1-2026.
Q.What is the minimum down payment?
10% minimum at most banks, 20% for Mourabaha, 0% possible with FOGARIM.
Q.How much can I borrow with 15,000 MAD salary?
With 35% max debt ratio, about 800,000 MAD over 20 years at 4.20% APR.
Q.What is Daam Sakane?
State subsidy of 50 to 100,000 MAD for first-time buyers, new principal residence, income capped.
Q.Mourabaha or conventional credit?
Mourabaha for guaranteed fixed installment and sharia-compliant. Conventional for flexibility and free prepayment.
Q.Can an MRE borrow in Morocco?
Yes, 4 banks have dedicated MRE hubs, foreign currency down payment accepted, Daam Sakane available.
Q.What are the additional costs?
7-9% of purchase price: notary fees, registration duties, land registry, ADI, file fees.
Q.Can a mortgage be prepaid without fees?
Yes, can be negotiated to 0% at subscription by requiring a free modularity clause.
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