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Free simulator

Consumer credit simulator

Calculate your monthly payments and compare offers from Wafasalaf, Cetelem, SOFAC and other financing institutions in Morocco.

Loan parameters
⁦50.000 MAD⁩
5 000 MAD500 000 MAD
48 months(4.0 yrs)
6 months84 months (7 yrs)
7.5%
6,0%15,0%
Average indicative rate in Morocco: 7.5% (6.5% to 12%)
Simulation result

Monthly payment

⁦1.209 MAD⁩

Total loan cost

⁦58.030 MAD⁩

Total interest

⁦8.030 MAD⁩

Duration

⁦48 months⁩

Cost breakdown
Principal: 86.2%Interest: 13.8%

Auto loan

For ⁦50.000 MAD⁩ over 48 months, you will repay ⁦1.209 MAD⁩/month.

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Repayment evolution
Payment details
MonthPaymentPrincipalInterestRemaining balance
1⁦1.209 MAD⁩⁦896 MAD⁩⁦313 MAD⁩⁦49.104 MAD⁩
2⁦1.209 MAD⁩⁦902 MAD⁩⁦307 MAD⁩⁦48.202 MAD⁩
3⁦1.209 MAD⁩⁦908 MAD⁩⁦301 MAD⁩⁦47.294 MAD⁩
4⁦1.209 MAD⁩⁦913 MAD⁩⁦296 MAD⁩⁦46.380 MAD⁩
5⁦1.209 MAD⁩⁦919 MAD⁩⁦290 MAD⁩⁦45.461 MAD⁩
6⁦1.209 MAD⁩⁦925 MAD⁩⁦284 MAD⁩⁦44.537 MAD⁩
7⁦1.209 MAD⁩⁦931 MAD⁩⁦278 MAD⁩⁦43.606 MAD⁩
8⁦1.209 MAD⁩⁦936 MAD⁩⁦273 MAD⁩⁦42.670 MAD⁩
9⁦1.209 MAD⁩⁦942 MAD⁩⁦267 MAD⁩⁦41.727 MAD⁩
10⁦1.209 MAD⁩⁦948 MAD⁩⁦261 MAD⁩⁦40.779 MAD⁩
11⁦1.209 MAD⁩⁦954 MAD⁩⁦255 MAD⁩⁦39.825 MAD⁩
12⁦1.209 MAD⁩⁦960 MAD⁩⁦249 MAD⁩⁦38.865 MAD⁩
··· 35 hidden payments ···
48⁦1.209 MAD⁩⁦1.201 MAD⁩⁦8 MAD⁩⁦0 MAD⁩

How does consumer credit work in Morocco?

Consumer credit allows you to finance personal projects: buying a car, home equipment, travel, studies or any other need. In Morocco, leading financing companies like Wafasalaf, Cetelem, SOFAC, Salafin and Dar Salaf offer rates ranging from 6.5% to 12% depending on the borrower's profile and duration.

How is the monthly payment calculated?

The monthly payment is calculated using the constant annuity formula: M = P × [r(1+r)n] / [(1+r)n - 1], where P is the borrowed amount, r the monthly rate and n the number of months. Our simulator performs this calculation in real time to help you anticipate your repayments.

Tips to get the best rate

  • Compare offers from several financing institutions
  • Negotiate the rate based on your profile (income, seniority)
  • Choose a shorter term to reduce the total cost
  • Check the TEG (Total Effective Rate) which includes processing fees
  • Make sure your debt-to-income ratio stays below 33%