Magma Fincorp Mortgage Loan

Interest Rate starts from 12.50*%
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Mortgage Loan From Magma Fincorp

Possessing a valuable property that can be mortgaged for your needs? Check out the Mortgage Loan offers from ApnaLoanBazaar provided by various bank across India and enjoy our support till the Loan closure.

Interest Rate starts from
12.50 * %
Processing Fee
Up To 1.0%
Loan Tenure
Upto 10 Years
Guarantor Requirement
Allowed
Part-Payment
Allowed
Pre-Closure Charges
2.0% Of Loan Amount

About Magma Fincorp

Magma Fincorp Limited (MFL) is a Kolkata based non-banking financial company registered with the Reserve Bank of India as an Asset Finance Company. The company operates 235+ branches across 21 states and a union territory and has a strong presence in rural and semi-rural India. Magma Fincorp Limited (formally known as Magma Leasing Limited) was incorporated in 1988 and commenced operation in 1989.

Highlights

Won a Gold Award at LACP (League of American Communications Professionals), 2015
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Why Mortgage Loan from ApnaLoanBazaar?
  • Exclusive and Leading retail finance services website in India
  • Compare and analyze the best loansuitable for your needs
  • Flexible loan tenure from 5 years to 30 years
  • Starts from ₹5,00,000
  • Max Loan upto ₹10,00,00,000
  • You can choose the low cost home loan as per your requirement
  • Various EMI Calculators and amortization tables to understand your loan repayment amount.
  • Quick and Easy Process
  • Online application with less paper work
  • Nil Charges for pre-closure of Loan amount
  • Expert advise on Loan documentation
  • Age Limits – 21-60 years
  • Repayment through ECS/Auto-debits/PDC
  • We support until the loan Closure

Required Documentation For Salaried Persons

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Required Documentation For Self Employed/Professionals.

  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents

Identity Proof For Mortgage Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification 

Age Proof For Mortgage Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Address Proof For Mortgage Loan

  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements) 

Income Proof For Mortgage Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Mortgage Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Mortgage Loan Can Be Used For Many Purposes Like Below

For Business Expansion

Accelerate the Business Growth

For Acquiring New Technology

For Construct a New Block

for setting up a new Factory

Setting up a new branch

To Pay off the other Loans

To Procure the More Stock

Things Keep In Mind
Interest Rates
Expert Advice
Mortgage Loans Vs Lease Rental Discounting