Moroccan banks offer property loans to MREs, with the possibility of preparing the file from abroad: here are the points to know to prepare a Moroccan property loan application.
Costs & fees
| Bank processing fees | Check with the bank | Set by each bank |
| Life and disability insurance | Check with the bank or the insurer | According to the bank's conditions |
| Property valuation | Check with the bank | Commissioned by the bank |
| Mortgage guarantee fees | Ad valorem duty of 0.5% up to 250,000 MAD, 1.5% from 250,001 to 5,000,000 MAD, 0.5% above, plus a fixed fee of 100 MAD (ANCFCC tariff) | Mortgage registration in favour of the bank |
| Average interest rate 2026 | 5.06% in the second quarter of 2026 (average rate on property loans, Bank Al-Maghrib) | All borrowers combined; each bank sets its own rate |
Timeline
MRE loan eligibility conditions
Eligibility conditions are set by each bank. They generally relate to the stability of income in the country of residence, the debt-to-income ratio (loan repayments and other existing loans relative to net income) and the personal deposit. Banks assess your application based on your foreign income, converted into dirhams.
💡 Tip: Existing loans are included in the debt-to-income ratio assessed by the bank.
Prepare the required documents
The documents required are specified by each bank. They generally include: payslips or accounting statements for self-employed individuals, bank statements, tax assessments, copy of the sale agreement or promise of sale, property valuation by an approved expert, valid residence permit in the country of residence, and copy of Moroccan passport. Each bank may request additional documents according to their assessment.
💡 Tip: Documents in a language other than French or Arabic are to be translated by a sworn translator before being sent.
Compare loan offers
Loan offers can be compared on several points: interest rate (fixed or variable), maximum term, processing fees, cost of borrower's insurance and early repayment penalties. Each bank sets its own conditions.
💡 Tip: The cost of borrower's insurance appears among the items of the loan offer.
Submit application online or at branch
Dedicated MRE services and the possibility of submitting a file remotely are to be checked with each bank. The response time is set by the bank after receipt of a complete file.
💡 Tip: The conditions offered to existing clients of a bank are set by that bank.
Fund release and completion
Fund release is conditional upon signing the authentic notarial deed. The bank transfers funds directly to the notary's escrow account. The funds are not available before the notary appointment. After signing, the bank mortgage is registered on the land title, it will be lifted at the end of the loan.
💡 Tip: The fund release time is set by the bank: it is to be matched with the notary signing date.
In depth
Each Moroccan bank sets its own loan conditions for MREs: financing ratio, term, personal deposit, maximum debt-to-income ratio, treatment of foreign income, processing fees and early repayment penalties. These conditions are to be checked with each bank. An existing loan abroad may be included in the debt-to-income calculation.
❌ Common mistakes to avoid
- ✕Overestimating repayment capacity without including Moroccan living expenses
- ✕Neglecting the cost of borrower's insurance when comparing offers
- ✕Ignoring ancillary costs (notary, conservation tax, agency fees)
🔗 Official links and resources
❓ Frequently asked questions
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