The Damane Assakane mortgage loan

A mortgage solution supported by the Mortgage Insurance Fund

The Damane Assakane mortgage for self-employed professionals in Morocco offered by BANK OF AFRICA helps employees, freelancers, and independent professionals finance the purchase or construction of their main residence.

This state-backed home loan for freelancers in Morocco is designed to make property ownership more accessible by benefiting from the support of the Mortgage Insurance Fund, which helps secure the financing conditions for borrowers.

With the Damane Assakane mortgage from BANK OF AFRICA, professionals can finance the purchase or construction of their main home while benefiting from the guarantee of the Mortgage Insurance Fund for self-employed professionals. The financing can cover up to 100% of the property value and construction costs, including certain related expenses.

This solution is particularly suitable as a first home loan for independent professionals in Morocco, providing adapted financing conditions to help you carry out your real estate project with confidence.

4 good reasons to choose Damane Assakane

The Damane Assakane mortgage loan offers you financing adapted to your needs to access property serenely and benefit from the best loan conditions.

Financing up to 110% of the real estate project (acquisition or construction)
The possibility to benefit from the Mortgage Insurance Fund guarantee up to 50%
A deferment period of up to 6 months for acquisition and 24 months for construction
The possibility of partial or total early repayment of the outstanding capital

In accordance with Bank Al-Maghrib's Directive No. 4/W/2019, we inform you that at the end of your mortgage loan, you can recover within the 30 working days, the release relating to the bank guarantees attached to this loan. This release will be issued by your branch after your credit has been fully repaid and the release fees have been deducted automatically.

Your BANK OF AFRICA customer advisor in your branch or our Customer Relations Center are at your disposal to provide you with all the details about this subject. Info at 080 100 8100.

Your questions, our answers

This loan is intended for all employees or self-employed persons in the public or private sector, working on their own account, or residing abroad, aged 65 years at the time of application for the loan.

The subscriber neither must be a property owner nor have benefited from a loan guaranteed by a State Loan Guarantee Fund for social housing or the State interest rebate.

Be a holder of a checking account
Seniority in employment meeting one of the following conditions:
- At least 12 months of continuous activity with the last employer,
- Or at least 20 months of activity in the last 24 months.
Age limit :
- At loan application: 65 years
- At the date of the last installment 70 years
Not having previously benefited from a loan guaranteed by a State Loan Guarantee Fund for social housing or the State interest rebate.