Direct Housing Assistance Program

Home Loan with State Housing Assistance

Have you not yet purchased your home and would like to benefit from tailor-made financing while taking advantage of state housing assistance? BANK OF AFRICA offers solutions designed to support entrepreneurs and independent professionals in their real estate projects.

The direct housing assistance loan for self-employed professionals in Morocco allows you to finance the purchase of your main residence while benefiting from government support programs such as Daam Sakane. Whether you live in Morocco or abroad, BANK OF AFRICA supports you with a personalized financing solution adapted to your situation.

These solutions can also help independent professionals benefit from state housing aid for freelancers purchasing their first home in Morocco, while accessing flexible financing conditions adapted to their income profile.

3 good reasons to subscribe:

Our mortgage formulas are designed to help you carry out your real estate project with peace of mind. Through the Daam Sakane mortgage for professionals from BANK OF AFRICA, you can complete the financing of your property and benefit from support throughout your home purchase process.

You can finance the remaining cost of your property with a BANK OF AFRICA home loan, covering up to 100% of the property deed value. Our formulas also allow you to adapt the loan repayment schedule according to the periodicity and financial capacity that suit you best, making it a suitable home loan for professionals with variable income in Morocco.

A fast and secure financing solution
Loan terms of up to 27 years
The possibility to modulate your loan according to your financial capacity

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.