Home Ownership Savings Plan

Are you planning to build or buy your first home? Do you need to build equity in order to achieve this property project?

BANK OF AFRICA offers you a Housing Ownership Savings Plan, a medium-term savings product with attractive remuneration and tax benefits. This product will allow you to save at your own pace and build an advance to finance the acquisition or construction of your dream house. After 3 years of savings, you can withdraw some or all of your money. The accumulated capital can then be used as a supplement or a financial contribution to acquire or build your main residence via a mortgage loan at advantageous tariff conditions.

3 good reasons to subscribe to it

The House Ownership Savings Plan is a savings product with a subsidized rate, that allows you to build up equity at your own pace in order to buy your dream home in Morocco. After 3 years, you will be able to recover your savings without tax and benefit from a mortgage loan at an advantageous rate.

A subsidized and guaranteed return on your savings
A reduced preferential rate for your real estate project
A tax exemption on generated interest after 3 years

Stay informed

Any individual of Moroccan nationality residing in Morocco or abroad can subscribe to a PEL. The subscriber can only have one PEL in the whole banking sector. To benefit from it, make an appointment with your BANK OF AFRICA branch advisor.

The subscriber undertakes to make payments of a minimum of MAD 3,000 per year (MAD 250 per month to ensure the required annual minimum). Throughout the life of the plan, the total amount of payments may not exceed MAD 400,000.

For more information, please contact the customer relations center on 08 01 00 81 00.