The amortization schedule of a mortgage in Morocco: how to read it
Updated on 9 September 2026
Principal, interest, outstanding balance: learn to read your loan’s amortization schedule — and what it reveals about the real cost.
The essentials in questions
What is an amortization schedule?
It is the detailed timeline of your loan: for each monthly payment it shows the share repaying principal, the interest share, and the outstanding balance. It reveals the total cost of the loan over its whole term.
Why do you pay mostly interest at the start?
Interest is calculated on the outstanding balance, which is high early in the loan. Over time the balance falls, so the interest share decreases and the principal share increases, at a constant monthly payment.
Is early repayment worth it?
Often yes, especially early in the loan, because it reduces the outstanding balance and therefore future interest. Check the early-repayment penalties in your contract before deciding.
What the schedule is for
The amortization schedule is the map of your loan: it details, payment by payment, how your installment splits between principal and interest, and how much you still owe. It is the document that reveals the real cost of the loan, well beyond the headline monthly payment.
The columns to understand
- Monthly payment: the amount paid each month (often constant at a fixed rate).
- Principal share: what actually repays the price of the property.
- Interest share: the cost of the loan, calculated on the outstanding balance.
- Outstanding balance: what remains to be repaid after the payment.
Why the split changes
Early in the loan the outstanding balance is high, so the interest share is large and the principal share small. Gradually the trend reverses. That is why an early repayment early in the loan has the biggest effect on the total cost.
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Our mortgage simulator computes your amortization schedule automatically: adjust the amount, term and down payment, and see the principal / interest split and the total cost — before even contacting a bank.