Mortgage Simulator

The simulator applies the constant-installment amortization formula used by Moroccan banks: monthly payment = principal × [t × (1 + t)ⁿ] / [(1 + t)ⁿ − 1], where t is the monthly rate (annual rate divided by 12) and n the number of months. You set three inputs: the loan amount (MAD 100,000 to 5,000,000), the term (5 to 30 years) and the interest rate (2 to 10%). The pre-filled 4.2% rate is the average Moroccan mortgage rate in 2026, within an observed range of 3.5% to 5.5% depending on profile, term and bank — a context enabled by Bank Al-Maghrib's key rate held at 2.25%.

With the default values (MAD 500,000 at 4.2% over 20 years), the monthly payment comes to MAD 3,083, for a total cost of about MAD 739,900 including MAD 239,900 in interest. The amortization table breaks down, month by month, the principal repaid, the interest and the remaining balance. The displayed debt ratio is indicative: it is computed against a reference net income of MAD 15,000 — relate it to your own income, knowing that Bank Al-Maghrib's prudential ceiling is 40% (circular no. 15/G/2013).

The Banks tab recomputes your payment at the indicative rates of 10 institutions: 8 conventional banks, from 3.89% (Attijariwafa Bank) to 4.45% (Crédit Agricole), and 2 participatory banks offering Mourabaha (4.90% to 5.10% equivalent). On MAD 500,000 over 20 years, the 0.56-point conventional spread represents MAD 149 per month, roughly MAD 35,700 over the life of the loan. These are nominal rates: always compare the APR of real offers, which includes death-disability insurance and file fees (MAD 0 to 1,800 depending on the bank) and runs 30 to 80 basis points above the nominal rate. All calculations run locally in your browser — no personal data is transmitted.