Will a Moroccan bank lend to a non-resident foreign national?

Yes, several major banks do, with a loan-to-value ratio in the region of 50 to 70% of the price and on presentation of proof of foreign income.

Can I borrow in euros?

Moroccan loans are in dirhams. You can also borrow in your country of residence, against your local assets, and pay for the property in foreign currency.

What deposit should I plan for?

At least 30 to 50% of the price for a non-resident, plus the acquisition costs (about 6.5%), which are not financed.

Is a loan compatible with the repatriation guarantee?

Yes for the portion financed in foreign currency and declared. The portion financed by a loan in dirhams can be repatriated after repayment, under the rules of the Office des Changes.

Fixed rates in dirhams observed between 4.5% and 5.8% according to the specialist press; the policy rate is 2.25%. Only a bank's agreement in principle is binding.

How long does it take to obtain approval?

Allow three to six weeks between submission of a complete file and the agreement in principle.

Yes, subject to regulated early-repayment charges, to be checked in the loan offer.

Do MRE have advantages?

Yes: loan-to-value up to 80%, dedicated offers and convertible dirham accounts.

Financing your purchase from abroad

Two routes are open to a non-resident buyer: paying in foreign currency from abroad, or financing part of the price with a loan in dirhams from a Moroccan bank. Both fit in with the developer's payment schedule.

Sources checked: 2026-09

2.25%Bank Al-Maghrib policy rate
Bank Al-Maghrib, Board meetings of 17 March and 23 June 2026
50 to 70%Loan-to-value ratio, non-resident
Bank practices observed in 2026
up to 80%Loan-to-value ratio, MRE
Office des Changes, IGOC 2026
20 to 25 yearsUsual maximum term
Bank offers 2026, depending on the borrower's age

Paying in foreign currency

The simplest route: each instalment of the payment schedule is wired from your foreign bank to the notary's escrow account or the developer's account, in euros or dollars, then converted into dirhams. The evidence of each transfer serves as the basis for the investment declaration to the Office des Changes.

The exchange rate applied is that of the Moroccan bank on the date of receipt. The dirham is pegged to a basket composed of 60% euro and 40% dollar, with a fluctuation band of plus or minus 5%, which limits volatility for a buyer in euros.

Borrowing in Morocco

The major Moroccan banks lend to non-residents, with more conservative loan-to-value ratios than for residents: in the region of 50 to 70% of the price for a foreign national, up to 80% for a Moroccan living abroad since the 2026 General Instruction on Foreign Exchange Operations. The loan is denominated in dirhams; instalments are paid by foreign-currency transfer or from a convertible dirham account.

Fixed rates observed in 2026 for mortgage loans in dirhams range, according to the specialist press, between 4.5% and 5.8%, in a context where Bank Al-Maghrib has held its policy rate at 2.25%. Actual rates depend on the profile, the bank and the term: only an agreement in principle is binding.

Usual documents: passport, proof of income for the last three years, bank statements, tax assessments, preliminary contract, foreign-currency contribution.
Compulsory death and disability insurance, taken out with a Moroccan insurer.
First-ranking mortgage recorded on the land title as security.
Debt-to-income ratio applied by the banks: generally 40% of net income.

The case of Moroccans living abroad

Moroccans living abroad (MRE) have a dedicated framework: convertible dirham accounts, specific bank offers and, since 2026, the possibility of financing in dirhams up to 80% of the value of any property in Morocco, with no limit on the number of properties. Repayment from abroad is unrestricted.

Combining a loan with the developer's schedule

On an off-plan development, payments are spread according to construction progress. A bank loan is generally released in tranches, on presentation of progress certificates, which aligns disbursements with the payment schedule. The foreign-currency contribution covers the first instalment; the bank takes over from there.

The Tifawin schedule (35% on signing, 30% at structural work, 25% at finishing, 10% on delivery) is reproduced on the development's page, with a schedule calculated on the price of each available villa.

Frequently asked questions

Sources and methodology

General information verified on the date shown. For your situation, our team, a notary and a tax adviser confirm the applicable rates and timelines.