SOFAC
Moroccan financing company specialized in car loans and consumer credit, with a net banking income of 793 million dirhams.
Products offered
- Car loan
- Personal loan
- Equipment loan
- Leasing
Key strengths
- Car loan specialist
- Growing NBI (+11.2%)
- Manufacturer partnerships
- Extensive network
Geographic presence
Related free tools
About SOFAC
SOFAC is a Moroccan financing company specialized in car loans and consumer credit. A subsidiary of the Holmarcom group, it posts a net banking income of 793 million dirhams with 11.2% growth.
The company is particularly strong in car financing, with privileged partnerships with dealerships of major brands in Morocco (Renault, Dacia, Hyundai, Volkswagen). Its rates for new vehicles are among the most competitive on the market.
SOFAC has an extensive branch network covering Morocco's main cities, with fast application processing and recognized customer service.
Customer reviews for SOFAC
Loan released in 72h
Complete file at the branch, fast approval, funds transferred within 3 days. Quoted rate respected.
Nadia K. · March 2026
No-salary-transfer solution
Key advantage: no need to change banks. A plus for fixed-term or self-employed profiles.
Hicham E. · April 2026
Fees worth negotiating
Quoted rate is fine but the file fees are at the max. Remember to negotiate before signing.
Imane F. · May 2026
Reviews aggregated from Google My Business, Trustpilot and wafir.ma — updated monthly
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Compare SOFAC with other finance companys
Use our free tools to compare rates and conditions across the entire Moroccan market.
Frequently asked questions about SOFAC
How do I simulate a SOFAC loan online?+
Use the wafir.ma simulator: enter the desired amount, term and your net monthly income. You get the indicative SOFAC monthly payment, total cost and APR in under 30 seconds, no commitment.
What is SOFAC's rate in 2026?+
SOFAC applies APRs between 6.5% and 12% depending on profile and amount borrowed in 2026. Best rates (6.5-8%) are reserved for strong files (permanent contract, seniority, income > MAD 5,000/month). Compare on wafir.ma.
What documents are required for a SOFAC loan?+
For a SOFAC file, provide: valid national ID, last 3 payslips or last 2 financial statements (self-employed), 3 months of bank statements, employment certificate and proof of address. Disbursement within 24-72h after approval.
Can I prepay a SOFAC loan?+
Yes, Moroccan law 31-08 allows partial or full early repayment of SOFAC loans. Penalties may apply (0.5-1% of the prepaid principal) except for repayment in the contract's last 3 months.
Does SOFAC accept civil servants?+
Yes, SOFAC grants loans to public-sector civil servants with preferential terms (APR -50 bps, direct salary deduction via CNOPS/CMR). Simplified file, fast decision.