Direct Housing Assistance Program

You haven’t purchased your home yet and would like to benefit from tailored financing while taking advantage of government support?

BANK OF AFRICA offers a range of solutions designed to help you bring your real estate project to life through the Direct Housing Assistance Program in Morocco.

Whether you are a Moroccan resident in Morocco or living abroad and planning to buy your primary residence in the country, BANK OF AFRICA supports you at every stage of your purchase. Through a customized financing solution combined with state housing aid in Morocco, the Bank simplifies access to home ownership while allowing you to benefit from direct government assistance programs.

3 good reasons to subscribe:

Our home loan solutions have been designed to help you complete your property purchase with confidence and financial flexibility.

Benefit from the Direct Housing Assistance Program Morocco and complete the financing of your property with BANK OF AFRICA. You can cover the remaining cost of your home through a Daamsakane mortgage loan from Bank of Africa, with financing available up to 100% of the property’s deed value. Our formulas also allow you to adjust your loan repayment schedule according to your preferred payment frequency and your financial capacity.

A fast and secure financing solution adapted to your project
Loan terms of up to 27 years for greater affordability
Flexible loan modulation options tailored to your financial situation

Your questions, our answers

Moroccans living in Morocco and Moroccans living abroad who do not own any property and have never received any housing assistance.

The direct housing assistance loan is the complementary bank financing of the amount of assistance provided by the State to the aforementioned target group for the purchase of their main home.

The customer must meet the selection criteria for the housing assistance program, and must have completed the financial assistance process (see below).

Apply for assistance via the daamsakane.ma digital platform.
Once the applicant's eligibility has been verified, a preliminary approval is issued within a maximum of 7 days from the date the application is submitted.
Submission of the preliminary sales agreement to the platform via the Notary Public within a maximum of 7 days from the date of issue, accompanied by a copy of the building permit issued on or after January 1, 2023.
Approval of the direct financial assistance and payment of the amount within a maximum of 15 days from the date of submission of the documents, via the notary and in accordance with the following terms and conditions:

· By bank check made out to the notary, given directly to the applicant, who in turn gives it to the notary.

· By bank transfer directly to the Notary Public's account via the deposit and management fund.

The applicant has a maximum of 30 days from the date of receipt of the amount by the Notary Public to draw up a final sales contract.
The Notary Public must submit a copy of the final sales contract and a copy of the certificate of ownership to the digital platform within 30 days.

The assistance amounts depend on the value of the home purchased. The assistance amount is MAD 100,000.00 for the purchase of a home with a sale price of MAD 300,000.00 or less, and MAD 70,000.00 for the purchase of a home with a sale price of between MAD 300,000.00 and MAD 700,000.00.