Moroccan banks now finance up to 80% of your property for MREs. Competitive rates, long terms, and the possibility to prepare your file from abroad: here's everything you need to know to obtain your Moroccan property loan.
Costs & fees
| Bank processing fees | 0,5 a 1% du montant emprunte | Negotiable depending on the bank |
| Life and disability insurance | 0,3 a 0,5% du capital/an | Mandatory for all property loans |
| Property valuation | 1500 a 3000 DH | Commissioned by the bank |
| Mortgage guarantee fees | 1 a 1,5% du pret | Mortgage registration in favour of the bank |
| Average interest rate 2026 | 4,5 a 6,5% | Variable according to bank and MRE profile |
Timeline
MRE loan eligibility conditions
To be eligible, you must: demonstrate stable income in your country of residence (permanent contract, self-employed status for more than 2 years, or retiree), have a debt-to-income ratio below 40% (loan repayments + other existing loans ÷ net income), and have a minimum deposit of 20% of the property price. Banks assess your application based on your foreign income, converted at the official rate. Some Moroccan banks with European branches favour clients who already hold an account there.
💡 Tip — If your debt-to-income ratio exceeds 40%, consider paying off other existing loans before submitting your application — this will significantly improve your file.
Prepare the required documents
Standard file for an MRE loan: last 3 payslips or accounting statements for self-employed individuals, last 6 bank statements from your main current account, tax assessments for the last 2 years, 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 — Prepare documents in French or Arabic — if your documents are in another language, have them translated by a sworn translator before sending them.
Compare loan offers
Compare several offers before committing. Points to compare: interest rate (fixed or variable — fixed is recommended for MREs as you are not on site to renegotiate), maximum term (up to 25 years for some banks), processing fees (0.5 to 1% of the borrowed amount), borrower's insurance cost (mandatory — can represent 15 to 20% of the total loan cost), and early repayment penalties. Attijariwafa, CIH Bank and BMCE are the most active in the MRE segment.
💡 Tip — The cost of borrower's insurance is often overlooked but can represent as much as the interest over the total loan term. Compare it carefully between banks.
Submit application online or at branch
Several Moroccan banks have branches dedicated to MREs in Europe (Paris, Brussels, Amsterdam, Montreal) that accept remote applications. You can also use a broker specialising in MRE loans who will compare offers and assist you with the procedures. The bank generally has 15 to 30 days to make its decision after receiving a complete file.
💡 Tip — European MRE branches of Moroccan banks often offer preferential conditions to their own clients — if you already have an account with one of these banks, start there.
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. Do not count on the funds before the notary appointment — ensure the bank is ready to release funds before setting the signing date. After signing, the bank mortgage is registered on the land title — it will be lifted at the end of the loan.
💡 Tip — Check with your bank the exact timeframe for fund release before finalising the notary signing date — a banking delay could invalidate the agreement.
In depth
The main banks offering MRE loans are Attijariwafa Bank (Dar Al Moghrib programme), BMCE Bank of Africa (MRE pack), Banque Populaire (Chaabi Bank in Europe), and CIH Bank. Each bank has its specificities: Attijariwafa accepts French permanent contracts as main guarantee, BMCE offers branches in Europe, Banque Populaire has a network of European subsidiaries (Chaabi Bank). The maximum debt-to-income ratio is generally 40% of net income (compared to 35% in France). The maximum term is 25 years, but the best conditions are obtained over 15-20 years. A minimum personal deposit of 20% is required. MREs benefit from an advantage: their foreign currency income is considered more stable. Some banks accept spouse's income even if they are not Moroccan. If you have an existing loan in France, it will be taken into account in the debt-to-income ratio calculation. Advice: create competition between at least 3 banks and negotiate processing fees (often waived for large amounts).
❌ 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) which can represent 5 to 8% of the property price
🔗 Official links and resources
❓ Frequently asked questions
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