All you need to know about the bank's mortgage

All you need to know about the bank's mortgage

All you need to know about the bank's mortgage

Most Moroccan families rely on housing loans to buy housing and go to banks to seek offers that may be compatible with their social level and their ability to pay. According to the official data provided by the Bank of Morocco, the last ten years have seen the increasing indebtedness of Moroccan families For banks, from 8800 billion centimes to more than 35,000 billion centimes now. More than 80 percent of this huge increase in loans is for the purchase of houses or the tomb of life, as Moroccans like it, given the families' Loan, where the loan term is long and that arrive in a distance Sometimes to 30 years, with a bank interest increasing over the years, disturbs the Moroccans borrowers.

Rulers set by most banks are very complicated to grant a mortgage, there must be specific conditions for the beneficiary, banks are studying the file carefully, refusal or acceptance has come, and according to those who follow this sector, this growth in the rate of borrowing by Moroccans is mainly due to the continuous rise in As well as to the fierce competition between banks and lending companies, not to mention the emergence of Islamic bank services, which provided so-called halal loans, meaning interest-free loans, all these made access to borrowing easier and easier than before. There are those who talk about democratization The right to loan In order to provide more information to those interested in obtaining a mortgage, Saroti has conducted a press interview with a bank official specializing in housing loans and property in general, and we raised many questions that most Moroccans looking to borrow to buy a property On their knowledge, and the sequence of questions as follows:

What types of mortgages are available at the bank?

We are a bank that specializes in providing all the real estate offers that the customer requests. We provide loans to buy new or old housing. We contribute to the provision of a loan of up to 120% of the value of the loan requested by the customer. We provide the customer with additional expenses related to the purchase. In addition to the expenses related to the preparation, processing or renovation of his apartment. In addition, for economic housing, the value of the loan reaches 100% of the value of the purchase amount. Offers suitable benefit for those wanting to buy a piece of floor or Naiha, with the contribution to the overall amount of the property by 70 per cent, it is also applicable for those interested in a loan for the acquisition of a shop, as our customers can choose the amount that suits him to the limits of 350,000 dirhams, with the privilege of paying back the loan on a period of up to the limits of 84 months.

What are the loan concessions offered by the bank to customers?

There are many advantages, most important of which are the convenient repayment period of up to 25 years, where the customer can get the loan he wants, the repayment period starts up to 6 months, because we know very well that the expenses that followed the purchase of housing or any property As the customer is able to pay off the debt, the customer can increase the premiums and increase his or her ability to make or reduce payments according to his or her needs once a year. Because we realize that everyone may be going through critical times or circumstances Compelling, may impede the payment process by the customer. Thanks to our confidence in the customer, we give him the possibility of postponing the payment of the maximum For a period of up to 3 months. In addition, the loan file does not exceed 10 days maximum, while the bank's website is rejected or accepted within 48 hours.

Loans of Islamic banks in the balance

What are the conditions that must be met in the customer to obtain the loan?

The customer must have a bank balance of course. He must also have a minimum of one year of work in the same company, in addition to the value of the salary he receives, and the person wishing to benefit from the loan must have We are doing a thorough research on whether this person is a loan in another company, is he committed to paying the installments on time, and we do other routine procedures, such as looking at the value of the company in which he wants to benefit from the loan, Where the higher the value of the company, the greater the chance of granting the loan.

What are the documents required for a mortgage loan from the bank?

As for the documents, they are the same for all banks, where we demand the beneficiary to take advantage of the loan, a photocopy of the national identification card, in addition to a document proving housing "contract of sale" dated at least 3 months, and a check form, as well as the last three bank statements or disclosure And if the client is retired, he or she must give the pension certificate or if the retired customer is engaged in the Moroccan Pension Fund or the Fund. Moroccan Professional Retirement, Actual To issue a copy of the retirement card, for private sector employees, we ask them to make the final statement of the wage, in addition to the work certificate, while for the free professions, they must present a professional card and a copy of the commercial register Form C, which we demand Traders, as well as craftsmen, must have a certificate of registration in the professional tax.