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In partnership with Wafasalaf
In partnership with Wafasalaf, Wafacash offers a consumer loan that allows you to finance any project or expense in the short and medium term: purchasing equipment, a car, funding a trip, a wedding, and more. The loan is provided in cash at any Wafacash agency.
SALAF MAZAYA - AL MOUADDAF
Target: Personal loan for public sector employees, CSP C and D
Loan amounts: From 3,000 to 1,000,000 Dhs (and more, depending on client’s financial situation)
Repayment period: From 6 to 120 months
Loan conditions: Minimum vital amount of 1,500 Dhs + family allowances
Required documents for new clients: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), Commitment statement or Salary certificate, Last bank statement
Required documents for existing clients: Copy of national identity card, Commitment statement or Last bank statement
SALAF MAZAYA – AL AJIR
Target: Personal loan for private sector employees
Loan amounts: From 3,000 to 500,000 Dhs
Repayment period: From 6 to 84 months
Loan conditions: Minimum vital amount of 1,800 Dhs + family allowances
Required documents for new clients: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), Last two payslips, Recent work certificate (dated within the last 3 months), Last two bank statements
Required documents for existing clients: Copy of national identity card, Last payslip, Last bank statement
SALAF 0%
Target: All categories (public servants, retirees, private sector employees, self-employed, etc.)
Loan amounts: From 3,000 to 50,000 Dhs
Repayment period: 12 or 18 months for existing clients and from 12 to 36 months for new clients
Required documents: Depending on the target
RCAR
Target: Personal loan for the main pensioner of the RCAR, with the possibility of extending to other ranks
Repayment period: From 6 to 96 months
Loan conditions: Minimum vital amount of 1,500 Dhs, maximum debt ratio of 25%, maximum total engagements of 250,000 Dhs (if client’s age > 65, the maximum amount is 150,000 Dhs), the sum of the client’s age and loan duration must not exceed 75 years, maximum of 5 loan files throughout life (all credits combined), a source deduction payment method, 10-day reservation period non-renewable
Required documents: National identity card, pension bulletin, last bank statement (received at the client’s home). If unavailable, stamped account statement and proof of address (dated within the last 3 months)
MERCHANT (CLIENT FOR MORE THAN 5 YEARS)
Target: Personal loan for merchants with an established relationship of over 5 years
Loan amounts: Up to 150,000 Dhs
Repayment period: From 6 to 72 months
Required documents: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), RC Model J, Last two bank statements
LIBERAL PROFESSIONS (PL)
Target: Any individual practicing a liberal profession. The client must belong to one of the professions classified as liberal by law: Architect, Lawyer, Auditor, Chartered Accountant, Bailiff, Physiotherapist, Doctor, Notary, Veterinarian, Dental Prosthetist, etc.
Loan amounts: From 3,000 to 500,000 Dhs (depending on the client’s financial situation)
Repayment period: From 6 to 84 months
Loan conditions: Minimum vital amount of 1,800 Dhs + family allowances
Required documents: Copy of national identity card, Proof of address (dated within the last 3 months), Bank identity proof (specimen cheque or RIB certificate), Professional card, Last two bank statements
Retiree CMR
Target: Personal loan for the main pensioner of the CMR (public institution responsible for managing pension funds for public sector retirees in Morocco)
Repayment period: From 6 to 60 months
Loan conditions: Must be the main pensioner of the CMR, Minimum vital amount: 1,500 Dhs, Maximum debt ratio: 40%, Maximum total engagements: 350,000 Dhs (if client’s age < 65 years, and 300,000 Dhs if age ≥65 years), Maximum sum of client’s age and loan duration: 75 years, Maximum of 3 loan files throughout life: 2 Wafasalaf files and 3 files in total, Source deduction payment method
Required documents: National identity card, Pension bulletin, Last bank statement (received at the client’s home). If unavailable, stamped account statement and proof of address (dated within the last 3 months)
Practical Information and FAQ
I heard about a loan at Wafacash and I would like to know if I can borrow money to buy a house?
No, Wafacash does not offer home loans.
The credit offered by Wafacash is a consumer loan that can be used to finance any other project or expense: purchasing equipment, a car, financing a trip, a wedding, etc.
What is the maximum amount of credit ?
Wafacash offers financing amounts ranging from 5,000 to 1,000,000 MAD and more, depending on your situation.
How long can my loan be repaid over at most?
The maximum repayment period can extend up to 7 years.
How long will it take to get my principle agreement?
Wafacash is committed to responding to you as soon as possible after the submission of your complete file to Wafasalaf.
In what form can I benefit from my credit?
Once the credit is approved by Wafasalaf, your funds will be immediately disbursed in cash and can be collected at any Wafacash agency.
What is the minimum salary required to apply for a loan?
Wafacash makes your life easier and allows you to get a loan starting from a net salary of 3000 MAD.
What documents are required to apply for a SALAFCASH loan?
To benefit from the credit, please go to the nearest Wafacash agency with the following documents:
Common Documents:
- A valid copy of your National Identity Card (CIN);
- Proof of residence (water, electricity, or telephone bill, or residence certificate);
- A check specimen or a bank account certificate (RIB);
- Complete your file according to your profile, if you are:
Civil Servant:
- A check specimen or RIB;
- Your latest stamped bank statement;
- A salary certificate valid for 6 months, with the purpose: “Loan request for military civil servants”;
Private Sector Employee:
- A check specimen;
- Your last two bank statements;
- Your last two payslips;
- Your salary domiciliation;
- A work certificate;
CMR Retiree:
- A check specimen or RIB;
- Your latest bank statement;
- Your pension statement;
Local Authorities:
- Your latest bank statement;
- Your latest payslip or a one-month engagement statement including date of hire and stamped by the treasurer;
- Your work certificate;
Non-CMR Retiree:
- A check specimen or RIB;
- Your last two bank statements;
- Your recent pension statement;
Liberal Profession:
- A copy of the commercial register (model J) or professional card;
- A tax assessment notice;
- Your last three bank statements.
