Interest Rate Calculator Morocco
Convert nominal interest rates to Global Effective Rate (TEG) including banking VAT and dossier fees in MAD.
Interest Rate Calculator Morocco
Methodology
Calculate the true Annual Percentage Rate / Global Effective Rate (Taux Effectif Global - TEG) for Moroccan loans. Evaluates nominal rates, mandatory 10% banking VAT on interest, file setup commissions, and credit insurance premiums as required by Bank Al-Maghrib transparency circulars.
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User-provided inputs
This calculator uses only the values you enter. It does not automatically apply tax law, statutory deductions, lender fees, or live exchange rates.
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Formula basis
The formula is shown openly and no country rate is inserted automatically.
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Your estimate
AfricalHub is an independent private platform not affiliated with any government agency. Calculations are for educational planning only. Verify official filings with the relevant revenue authority or a qualified professional.
Sources
User-provided inputs
This calculator uses only the values you enter. It does not automatically apply tax law, statutory deductions, lender fees, or live exchange rates.
Frequently asked questions
What is the Global Effective Rate (TEG) in Morocco?
The TEG (Taux Effectif Global) represents the all-inclusive annual borrowing cost mandated by Bank Al-Maghrib, integrating nominal interest, banking VAT (10%), application fees, and mandatory borrower insurance.
Why is the TEG always higher than the advertised nominal rate in Morocco?
Because the TEG accounts for mandatory supplementary costs that banks require to finalize the loan, notably 10% VAT on interest charges and mandatory life and disability insurance.