Debt Consolidation Simulator
Simulate debt consolidation in Morocco: merge your loans into one monthly payment at 2026 rates (5.50 to 7.50%) and save MAD 200 to 1,500 per month. Free.. Consolidate your loans into one and reduce your monthly payments.
Current situation
3
Loans
5.900 MAD
Total monthly
510.000 MAD
Total balance
Total amount to consolidate
510.000 MAD
Monthly savings
1.867 MAD
Current: total monthly
5.900 MAD
New: single payment
4.033 MAD
Total savings
31.149 MAD
Before consolidation
After consolidation
You save each month
1.867 MAD
that's 31.149 MAD in total savings
Debt consolidation in Morocco
Debt consolidation lets you merge multiple loans into one with a reduced monthly payment. Wafasalaf, Cetelem and major Moroccan banks offer this service. Processing fees are typically 1–2% of the consolidated amount.
This is only an indicative estimate
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How does this simulator calculate your debt consolidation?
Debt consolidation (rachat de crédit) means having a new bank buy back all your outstanding loans — mortgage, car, consumer, revolving — and merge them into a single loan with one monthly payment. The simulator sums your current monthly payments and the remaining cost of each loan (payment × remaining months), then computes the new consolidated payment with the constant-annuity formula, from the total balance to consolidate, the new rate (2 to 10%) and the chosen term (3 to 25 years).
Rate assumptions are calibrated on the 2026 Moroccan market: the 8 major banks (Attijariwafa Bank, Banque Populaire, CIH, Bank of Africa BMCE, Société Générale, Crédit du Maroc, BMCI, Crédit Agricole) offer consolidation between 5.50 and 7.50% APR — Attijariwafa Bank being the most competitive (5.50-6.80%), with a 0.2 to 0.3 point discount for civil servants paid via payroll deduction (PPR). Typical savings range from MAD 200 to 1,500 per month depending on profile.
The displayed result is a gross saving: to get the net gain, deduct the early repayment penalties charged by your current banks (1 to 2% of the outstanding capital, capped at 3 months of interest by law 31-08, often 0% on consumer loans) and the new bank's processing fees (1 to 2% of the capital, minimum MAD 500), plus about 1.5% notary fees if the operation involves a mortgage guarantee. Consolidation only pays off when the cumulative saving exceeds this total cost, typically 2 to 3% of the consolidated capital.
Debt consolidation frequently asked questions
What is the rate for debt consolidation in Morocco in 2026?
2026 rates range from 5.50 to 7.50% APR depending on the bank and profile. Attijariwafa Bank is the most competitive (5.50-6.80%), followed by Banque Populaire (5.55-6.90%), CIH Bank (5.60-7.00%) and Bank of Africa BMCE (5.70-7.10%). Civil servants paid via payroll deduction (PPR) get an extra 0.2 to 0.3 point discount.
How much can you save with debt consolidation in Morocco?
Typical savings range from MAD 200 to 1,500 per month depending on profile. Example: an executive with 3 loans (MAD 465,000 balance, MAD 5,345 in monthly payments) who consolidates at 6.2% over 18 years drops to MAD 3,595 per month, saving MAD 1,750 every month. Consolidation pays off mostly when your old loans exceed 7% APR.
Which fees should you deduct from the savings shown by the simulator?
Three costs reduce the gross gain: early repayment penalties (1 to 2% of the outstanding capital, capped at 3 months of interest by law 31-08, often 0% on consumer loans), the new bank's processing fees (1 to 2% of the capital, minimum MAD 500) and about 1.5% notary fees if a mortgage guarantee is involved. Count 2 to 3% of the consolidated capital in total: the operation only pays off if the cumulative saving exceeds that amount.
What are the eligibility conditions for debt consolidation in Morocco?
You need a net income of at least MAD 4,000 per month, a post-consolidation debt ratio of 35% or less (50% for civil servants with PPR), no record at Bank Al-Maghrib's credit risk bureau, loans without arrears over 60 days, and an age at loan maturity of 65 or less (70 for civil servants). The full operation takes 6 to 10 weeks, including a 10-day legal cooling-off period (law 31-08).
When should you not consolidate your loans?
When the average rate of your current loans is below 2026 rates (5.50-7.50%): a mortgage taken out between 2018 and 2020 at under 5% should generally not be consolidated, as the new payment would be higher. The operation also loses money if the cumulative saving over the remaining term does not cover the 2 to 3% total cost of the operation.
Assumptions and rates verified on August 19, 2026 — Wafir.ma
Wafir.ma is an independent comparison service — neither an ACAPS-licensed insurance broker nor a credit institution licensed by Bank Al-Maghrib. Displayed rates are indicative only.