Fogarim

Who is eligible?

FOGARIM is open to Moroccan nationals with modest and/or irregular incomes, particularly those not registered with the CNSS and not employed in the public sector, who wish to finance the purchase of a home and do not already own property in the relevant wilaya or province. Beneficiaries of the "Cities Without Slums" and "Dilapidated Housing" programmes are also eligible, as are cases of joint ownership.

How does the financing work?

FOGARIM guarantees bank loans for housing acquisition. The interest rate is fixed and determined by the bank, taking into account the guarantee provided by the Fund.

• Monthly repayments must not exceed MAD 1,750, including tax (MAD 1,000, including tax for beneficiaries under the "Cities Without Slums" programme).
• Interest rate: fixed, determined by the bank taking into account the guarantee provided by the Fund.

What properties are eligible?

• Properties with a clean and regular land title, whose price as stated in the sale agreement, or the combined cost of land acquisition and construction, does not exceed MAD 300,000, excluding tax.
• Land plots produced under the "Cities Without Slums" or "Dilapidated Housing" programmes.
• The property or land must be located in the wilaya where the beneficiary carries out their activity.

How long does it take and how do I apply?

FOGARIM guarantees applications are reviewed by TAMWILCOM within 24 hours. Applications are submitted through the beneficiary's bank.