he average rate Moroccan banks charged on new loans fell to 4.57% in the third quarter of 2026, from 4.81% in the previous quarter, according to Bank Al-Maghrib’s quarterly survey released on November 5.
The decline reached every category of credit. Cash-flow facilities fell to 4.39% from 4.63%, and equipment loans to 4.52% from 4.65%.
Mortgage rates slipped back below 5%, to 4.99% from 5.06%. Consumer loans remain the most expensive, at 6.68%, after a drop of 13 basis points.
A year earlier the average rate stood at 4.85%, and it reached 5.43% in the second quarter of 2024. The average cost of bank credit has thus fallen 86 basis points in just over two years.
Photo: CAPTAIN RAJU, CC0.
Bank Al-Maghrib - Taux débiteurs, résultats de l’enquête trimestrielle, T3-2026 (publiés le 5 novembre 2026)
