SALAF MAZAYA - AL MOUADDAF

Target: Personal loan for public sector employees, CSP C and D
Loan amounts: From 3,000 to 1,000,000 Dhs (and more, depending on client’s financial situation)
Repayment period: From 6 to 120 months
Loan conditions: Minimum vital amount of 1,500 Dhs + family allowances
Required documents for new clients: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), Commitment statement or Salary certificate, Last bank statement
Required documents for existing clients: Copy of national identity card, Commitment statement or Last bank statement
 

SALAF MAZAYA – AL AJIR

Target: Personal loan for private sector employees
Loan amounts: From 3,000 to 500,000 Dhs
Repayment period: From 6 to 84 months
Loan conditions: Minimum vital amount of 1,800 Dhs + family allowances
Required documents for new clients: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), Last two payslips, Recent work certificate (dated within the last 3 months), Last two bank statements
Required documents for existing clients: Copy of national identity card, Last payslip, Last bank statement
 

SALAF 0%

Target: All categories (public servants, retirees, private sector employees, self-employed, etc.)
Loan amounts: From 3,000 to 50,000 Dhs
Repayment period: 12 or 18 months for existing clients and from 12 to 36 months for new clients
Required documents: Depending on the target
 

RCAR

Target: Personal loan for the main pensioner of the RCAR, with the possibility of extending to other ranks
Repayment period: From 6 to 96 months
Loan conditions: Minimum vital amount of 1,500 Dhs, maximum debt ratio of 25%, maximum total engagements of 250,000 Dhs (if client’s age > 65, the maximum amount is 150,000 Dhs), the sum of the client’s age and loan duration must not exceed 75 years, maximum of 5 loan files throughout life (all credits combined), a source deduction payment method, 10-day reservation period non-renewable
Required documents: National identity card, pension bulletin, last bank statement (received at the client’s home). If unavailable, stamped account statement and proof of address (dated within the last 3 months)
 

MERCHANT (CLIENT FOR MORE THAN 5 YEARS)

Target: Personal loan for merchants with an established relationship of over 5 years
Loan amounts: Up to 150,000 Dhs
Repayment period: From 6 to 72 months
Required documents: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), RC Model J, Last two bank statements
 

LIBERAL PROFESSIONS (PL)

Target: Any individual practicing a liberal profession. The client must belong to one of the professions classified as liberal by law: Architect, Lawyer, Auditor, Chartered Accountant, Bailiff, Physiotherapist, Doctor, Notary, Veterinarian, Dental Prosthetist, etc.
Loan amounts: From 3,000 to 500,000 Dhs (depending on the client’s financial situation)
Repayment period: From 6 to 84 months
Loan conditions: Minimum vital amount of 1,800 Dhs + family allowances
Required documents: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), Professional card, Last two bank statements
 

Retiree CMR

Target: Personal loan for the main pensioner of the CMR (public institution responsible for managing pension funds for public sector retirees in Morocco)
Repayment period: From 6 to 60 months
Loan conditions: Must be the main pensioner of the CMR, Minimum vital amount: 1,500 Dhs, Maximum debt ratio: 40%, Maximum total engagements: 350,000 Dhs (if client’s age < 65 years, and 300,000 Dhs if age ≥65 years), Maximum sum of client’s age and loan duration: 75 years, Maximum of 3 loan files throughout life: 2 Wafasalaf files and 3 files in total, Source deduction payment method
Required documents: National identity card, Pension bulletin, Last bank statement (received at the client’s home). If unavailable, stamped account statement and proof of address (dated within the last 3 months)

INDIVIDUAL HOUSING LOAN

WHO CAN BENEFIT FROM THE LOAN? UNDER WHAT CONDITIONS?

• Micro-entrepreneurs with or without a premises*.
• Employees with permanent contracts, earning less than the minimum guaranteed interprofessional wage (Smig)**.
• Public sector employees with permanent contracts.
• Parking attendants who are recognized and own their place of residence.
• Landlords whose main source of income is rent.
• Rentiers whose main source of income is a pension or their spouse’s pension.

_{(*) The client without a premises must own their residence (or their spouse’s) or have the property owner’s permission to reside there.}

_{(**) Minimum guaranteed interprofessional wage.}

WHAT ARE THE CONDITIONS?

• The client must be the head of their household or recognized as such by other members of the household.
• Must have an Hissab Bikhir account.

FOR WHAT PURPOSES?

Would you like to acquire, build, or improve your housing, or connect electrical installations and ensure a water supply?

• Improve or beautify an existing home: Works aimed at making the home more habitable and decent (e.g., painting, plumbing, carpentry, tiling, flooring, wall coverings, ironwork, etc.).
• Renovation works: The client must have authorization and the decision for the works if required by law.
• Connecting to electricity and/or water supply.
• Acquire housing: Advance payment for the purchase of a property. The client must have the sale contract and/or the sales agreement or other supporting documents, such as receipts of advance payment or registration.
• Build basic housing: Loans are granted in stages according to construction phases. The client must have the construction permit.
• Acquire a plot of land: The client must have the title of ownership or any document that shows their real rights over the lot.

LOAN AMOUNTS & REPAYMENT FREQUENCY:

• Loan amounts range from 1,000 to 48,000 dirhams.
• Repayment frequency: Bi-monthly or monthly depending on the case.

REPAYMENT MODE & DURATION:

• Repayment is made in cash to Al Amana over a period of 6 months to 7 years.
• The loan disbursement is mandatory on the Hissab Bikhir account.

INDIVIDUAL BUSINESS LOAN

WHO CAN BENEFIT FROM THE LOAN & UNDER WHAT CONDITIONS?

This loan is intended for micro-entrepreneurs with a fixed location, ambulatory vendors with organized movements, taxi drivers, and farmers.

Conditions:

• Must have an Hissab Bikhir account.
• Must be the owner and manager of their business. Activities managed by partners make the client ineligible for Al Amana's loan.
• Must have a fixed location (house or premises); this condition does not apply to taxi drivers and ambulatory vendors with organized movements.

_{(*) The client without a premises must own their residence (or their spouse’s) or have the property owner’s permission to reside there.}

_{(**) Minimum guaranteed interprofessional wage.}

FOR WHAT PURPOSES?

Financing of a commercial premises:

• The purchase or construction of a new commercial premises, warehouse, or office for commercial, service, or industrial use.
• The renovation of a new commercial premises.
• The purchase of a business. Advance for the purchase of a business or the construction/renovation of a new commercial premises, warehouse, office, or production workshop.
• Financing of associated costs related to owning a new commercial premises: Notary fees and/or registration fees.

LOAN AMOUNTS & REPAYMENT FREQUENCY:

• Loan amounts range from 1,000 to 48,000 dirhams.
• Repayment frequency: Bi-monthly or monthly depending on the case.

REPAYMENT MODE & DURATION:

Repayment is made in cash to Al Amana, over a period of 6 months to 4 years.