Moroccan borrowing costs saw a slight decrease in the final quarter of 2025,according to a recent report from Bank Al-Maghrib (BAM). The quarterly survey reveals a nationwide lending rate decline to 4.82%,a drop from 5.08% the previous year, signaling potential shifts in investment and consumer behavior. This data offers a granular view of credit access across key sectors as the nation navigates broader economic conditions and regional geopolitical factors [[2]].
Morocco’s overall lending rate declined to 4.82% in the fourth quarter of 2025, down from 5.08% during the same period a year earlier, according to a recent Bank Al-Maghrib (BAM) quarterly survey on lending rates.
The report detailed varying rates based on loan purpose, with rates for working capital facilities at 4.58%, equipment financing at 4.95%, mortgage loans at 5.19%, and consumer credit at 6.89%. This data provides insight into the cost of borrowing across different sectors of the Moroccan economy.
Rates for loans to individuals stood at 5.69%, while those for loans to non-financial businesses were recorded at 4.72%. The shift in lending rates could influence investment and consumer spending in the coming months.
Specifically, credit rates for private non-financial companies were 4.94%, with large enterprises (GE) experiencing a rate of 4.74% and very small, small, and medium-sized enterprises (TPME) facing a rate of 5.22%.
