FOGALOGE is a guaranteed solution that covers a share of the risk on bank loans granted to finance the purchase or construction of a home or land, for the benefit of middle-class households and Moroccans residing abroad. It applies to bank loans for housing, land acquisition, and construction. Guarantee coverage is 50% of the loan principal and interest, capped at MAD 400,000, and rises to 80% for beneficiaries of the "Dilapidated Housing" programme.
Who is eligible and which sectors are covered?
FOGALOGE covers the housing sector. It is open to Moroccan nationals employed in the public or private sector, private-sector employees registered with the CNSS, self-employed workers, and Moroccans residing abroad who do not already own property in the relevant wilaya or province. Beneficiaries of the "Dilapidated Housing" programme and cases of joint ownership are also eligible.
What financing is covered, how long does the guarantee last, and what does it cost?
FOGALOGE guarantees bank loans for the purchase or construction of a home or land. Financing can cover up to 100% of the project cost, subject to the property's value. The interest rate is fixed and determined by the bank, taking into account the guarantee provided by the Fund. No commission is charged on the guarantee.
What is the risk ceiling?
Guarantee coverage is set at 50% of the loan principal and interest, capped at MAD 400,000, rising to 80% for beneficiaries of the "Dilapidated Housing" programme.
How long does it take and how do I apply?
FOGALOGE guarantees applications are reviewed by TAMWILCOM within 24 hours. Applications are submitted through the beneficiary's bank.
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