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  • MAGMA Car Loan Customer Care is Rated as "Excellent!" by 174 Users

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    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN
    rated 4.5/5.0 by 174 users

    MAGMA Car Loan Customer Care

    Magma Fincorp offers attractive car loans with flexible payment options, faster processing and minimal documentation. The car loan from Magma Fincorp is processed within 4 hours, one of the quickest in the industry. Customers can also avail loans up to 100% of the cost of the car. Additionally, the company offers tatkal car loans, agri-based car loans, and loans for commercial vehicles. Salaried and self-employed professionals can benefit from the auto loans offered by Magma Fincorp.

    Other salient features of the Magma car loan include the following:

    • Competitive interest rates.
    • The company offers the option to borrow up to 3 times the annual salary of the applicant, if he/she is a salaried professional. He/she should also earn an income of at least Rs.1,50,000 annually to be eligible for the car loan.
    • For a self-employed professional, the borrowing limit is up to 6 times the annual salary. He/she should earn at least Rs.1,00,000 in a year.
    • For existing Magma customers who have a good repayment history, easy loans are provided without having to furnish income proof documents.

    The car loan customer care service offered by the bank is competitive and is available on a 24x7 basis. It is possible to get in touch with Magma Fincorp through email, post, or by visiting their nearest branch. Customers can also seek clarifications to queries or raise complaints through the customer care form at the Magma Fincorp website.

    Magma Car Loan Customer Care Toll-Free Numbers

    Magma Fincorp enables car loan customers to contact the bank at their toll-free helpline number, 1800 3002 3202.

    The head office of the company is at the following address,

    Corporate Office,

    Magma Fincorp Limited,

    Magma House, 24 Park Street,

    Kolkata, West Bengal - 700016

    The phone numbers of the corporate office are (033) 44017231 and (033) 44017200. Car loan customers can also get their queries resolved at customercare@magma.co.in. Alternatively customers can walk into the nearest branch office of Magma Fincorp and meet the local customer service associate there.

    Apply for Car Loan Online

    Magma Car Loan Contact Numbers of Branches

    Listed below are the phone numbers of Magma Fincorp branches across India:

    City Number
    Nashik, Maharashtra 0253-6699655/57/58
    Greater Noida, Uttar Pradesh 0120 -2401980-81, 0120-2320346/365
    Pune 2049029200
    Sangli, Maharashtra 2336512526
    Haryana 01274-252325/221963
    Satara, Maharashtra 02162-252809
    Dewas, Madhya Pradesh 9893259077
    Etah, Uttar Pradesh 05742-239030
    Mumbai, Maharashtra 022-67284800
    Firozabad, Uttar Pradesh 05612-230138/230139
    Nanded, Maharashtra 7066169690, 7066189890
    Faridabad, Haryana 0129-4017223/4012500
    Solapur, Maharashtra 0217-659995
    Gurgaon, Haryana 0124-4316446/7, 0124-6540436/6522872
    Thane, Maharashtra 022-49451000
    Chandrapur, Maharashtra 07172-272017
    Gondia, Maharashtra 7030960917
    Nagpur, Maharashtra 0712-6652625
    Yavatmal, Maharashtra 07232-247008
    Akola, Maharashtra 0724-2450560
    Gondia, Maharashtra 7030960917
    Jalgaon, Maharashtra 257-2235174
    Nagpur, Maharashtra 0712-6684318
    Ahmedabad 079-66829800/66829863, 079-30169390/99
    Salem, Tamil Nadu 0427-2333101
    Sasaram, Bihar 06184-228903/220223/72558875
    Gandhidham 02836-239331/230127/230128/228282/232621
    Godhra 02672-244101/476
    Himmatnagar 02772-290203/241110
    Jamnagar 0288-2674145/46
    Palanpur 02742-256616/256615/295616
    Rajkot 0281-3982500/3982513
    Surat 9909930405/07574830950/07
    Vadodara 0265-3029433 to 437/2385137/2385127
    Vapi 0260-2426844
    Purnea 06454-244556/244555
    Patna 7763805865, 07541807319/07541807332
    Karimnagar 08782247991
    Nizamabad, Telangana 9989888658
    Sitamarhi 9525457683
    Muzaffarpur, Bihar 7635093884
    Arrah 7631409732
    Gaya 7782817329
    Motihari 06252-241502/230221
    Mancherial 9989888658
    Ajmer 7821826399, 7821826398
    Alwar 7822995827
    Banswara 7821826428/29
    Barmer 7820995813
    Behror 8058790260
    Bharatpur 7821826396/97
    Bhilwara 7821826400
    Surat 9909930405/07574830950/46
    Mahabubnagar 08542-270613
    Bikaner 7821826392
    Bilara 7821826426
    Chittorgarh 8560854441
    Chomu 9799399222
    Dausa 7821826425
    Ganganagar 7821826404
    Hanumangarh 9929236926
    Hindaun City 7821826390/91
    Jaipur 7822995818, 0141-5197400 to 430
    Bathinda 0164-5004612
    Jhalawar 7821826416/17
    Jalandhar 0181-5021431
    Jhunjhunu 7822995805/06
    Ludhiana 0161-5048458
    Jodhpur 0291-5103498
    Moga 01636-504295
    Kota 7821826406/07/08
    Chandigarh 0172-5101763 to 1783
    Nagaur 7821826418/19
    Pathankot 0186-5080824
    Sawai Madhopur 7821826420/21
    Patiala 0175-5002591, 0175-5020073, 0175-5015235
    Shahpura 7822995801/04
    Sangrur 73559-33564, 73559-33545
    Sikar 7821826412/13/14
    Sumerpur 7821826422/23
    Udaipur 7821826409/10/11
    Bangalore 080-40544100
    Anantapur 9248777899
    Bijapur 9901600886
    Bhimavaram 9030001827
    Mysore 0821-2546262
    Cuddapah 9248777899
    Gulbarga 0847-2250520
    Guntur 7993328447
    Hubli 8364247900
    Shimoga 8182403107/405432
    Hyderabad 040-45453333
    Hassan 9886769349
    Hospet 08394-22013
    Hyderabad-Satellite (Kukatpally) 040-42004080
    Belgaum 8312425412
    Hyderabad-LB Nagar 040-24039411/24039711
    Davangere 8192237759
    Karimnagar 8782247991
    Tumkur 8164014396
    Khammam 9248777899
    Mangalore 0824-4284284
    Kurnool 7993328441/42/43/45/46
    Nelamangala 9844300072
    Mahabubnagar 8542249613/14
    Kengeri 9886025254
    Nalgonda 040-45452100/45452222
    Kolar 9036001037, 9036001057
    Nellore 08612307935/36
    Vasanth Nagar 080-41316286/41326286
    Ambala 0171-2600148, 7082012624
    Ongole 9248777899
    Bahadurgarh 7082012621/622
    Rajahmundry 9248777899
    Bhiwani 7082012601/602
    Tirupathi 9248777899
    Chakri Dadri 9728633604
    Fatehabad 7082012603/604
    Vijayawada 9030003317
    Gohana 9992256611
    Visakhapatnam 9248777899
    Hissar 7082012617/618, 01662-248018, 248028
    Vizianagaram 9248777899
    Jind 7082012613/614
    Warangal 7993328434/35
    Kaithal 7082012611/612
    Ambikapur 7415034921
    Karnal 7082017008/17009
    Baloda Bazar 9111240122
    Kurukshetra 7082012615/616
    Bhilai 9981514140
    Panipat 7082012625/627
    Bilaspur 9893129759
    Rohtak 7082012607/608
    Khammam 9248777899
    Dhamtari 9109107596/9109102631
    Sirsa 01666-234006/234005
    Gariyabandh 9893590222
    Sonipat 9034001164, 9034001327, 0130-2200365
    Jagdalpur 9109119430/9109119431
    YamunaNagar 7082012623, 01732-209004
    Kanker 9893129754
    Chennai 044-2374 0930/31/32/33/34
    Nawada 07320923581
    Kawardha 9669233111
    Coimbatore 0422-4376290
    Chapra 8507143540
    Korba 9109105129/9109102574
    Madurai 0452-2349122
    Mahasamund 8819999051
    Manendragarh 9926135999
    Trichy 0431-6533340
    Raigarh 9109119416/9109119415
    Raipur 0771-6610152/6610127
    Vellore 0416-2245988
    Rajnandgaon 7869215671
    Angul 8114371160
    Saraipali 9893257103
    Balasore 6782241389
    Brahmapur 6802233149
    Bhawanipatna 6670232117
    Bhubaneswar 9040824907, 8114371148
    Bolangir 6652230315
    Cuttack 7752019041
    Jajpur 06726223045/223046
    Jeypore 06854230757/230747
    Jharsuguda 6645273875
    Bhopal 0755-4036301 to 324
    Keonjhar 06766253321/255169
    Bharuch 9662237248/02642248442
    Guna 07542-404051/52
    Paradip 672228291
    Gwalior 0751-4218216 to 21
    Rourkela 7328839681
    Indore 0731-4700725 to 4700770
    Sambalpur 9238101072
    Indore 0731-4284901/02/03/05/06
    Allahabad 0532-6600500
    Khargone 07282-235024
    Auraiya 7887013888/7887012888
    Bettiah 7541807332
    Mandsaur 0742-2437700/1/2
    Bahraich 05252-239864
    Pachore 8435500132, 8435500291, 8435500180
    Banda 9119602362
    Ujjain 0734-2527540/41/42/43/44
    Barabanki 7880341777, 7880342777
    Chhatarpur 07682-240903/05
    Bareilly 9119800390
    Basti 05542-281088
    Chindwara 7162245253
    Harda 07577-222535/32/222353
    Etawah 05688-250379/80
    Jabalpur 0761-4068600
    Farrukhabad 9119602360
    Narsinghpur 07792-230160/230242/230244
    Fatehpur 9119602358
    Sagar 07582-401619/20
    Gonda 9119602354
    Satna 07672-420100,-101,103,104,105,106,107,108, 7415030779
    Gorakhpur 9119602353
    Shahdol 07652-231982
    Hamirpur 9532672649/9532674303
    Shivpuri 903900512
    Hardoi 05852-220155
    Dabra 7524429900
    Jhansi 7510000832
    Dhar 07292-420005/6
    Kannauj 9119602357
    Ganj Basoda 7594222066
    Kanpur 0512-6712100-30(PRI)
    Hoshangabad 8109094946/9039000207
    Gaziabad 0120-4330486/4330487
    Ratlam 07412406804/05
    Lakhimpur Kheri 05872-270149
    Shujalpur 7360244146
    Lucknow 0522-4092301
    Mau 0547-2220364/94
    Mirzapur 7388702366
    Kolkata 033-44017243
    Moradabad 7054095111/7054096111
    Kolkata 033-44027797
    Lucknow 0522-2359935/2359910
    Kolkata 033-44017231
    Orai 05162-251240
    Kolkata 033-4408 7800/900
    Pratapgarh 9119602356
    Rai Bareli 9119602365
    Kolkata 033-4409 5300-400
    Renukoot 05446-254281/252466
    Kolkata 7604020192/7604020193
    Shahjahanpur 07880444544, 07880444644
    Sitapur 0586270228, 270229
    Gariahat 7604020194/7604020195/96/97
    Sultanpur 05362 -221066 , 221067
    Kolkata 760420186
    Haldwani 05946-245013
    Darbhanga 7763805521
    Kolkata 033-69000159
    Unnao 9119800386
    Varanasi 0542-2220299
    Asansol 0341-2302173/2302174
    Bokaro 06542-231698/232931
    Baharampur 03482-252578/259021
    Deoghar 74638822034
    Dhanbad 8825108583
    Burdwan 0342-2567395
    Hazaribagh 06547-222801/07488042182
    Basirhat 9903209308
    Jamshedpur 0657-2317355/2317353
    Durgapur 0343-2587839/2587840
    Jhumri Telaiya 8092095804
    Kharagpur 03222-225024
    Krishnanagar 7044045808
    Pakur 7091093700
    Ranchi 0651-3051349/3051333
    Malda 03512-252025/252014/25
    Alappuzha 0477-2241711
    Purulia 9933003311
    Cochin 0484-4223333
    Siliguri 0353-2640957/2640956/ 2640476/2640477
    Kannur (0495)-2369040
    Siuri 7044032390
    Kasargod 9526499666
    Kollam 4742761615
    Kottayam 0481-6051555
    Kozhikode 0495-2369040
    Palakkad 0491-6050006
    Pathanamthitta 0468 2228444
    Ahmednagar 0241-2430514/15/16
    Pattambi 9249545892
    Amravati 7212510285
    Malappuram 0483-2733747
    Bhagalpur 7763816405
    Aurangabad 0240-6628043
    Thrissur 0487 2320212
    Beed 02442-228371/229371
    Tirur 0494 - 2433744
    Belapur 8291659385
    Trivandrum 0471-2460024
    Mumbai 8291659388
    Amritsar 0183-5015236
    Warangal 0870-2420881
    Mumbai 62291100
    Baddi 01795-645330
    Begusarai 06243-245719/245718
    Mandi 01905- 645211/ 645213
    Kolhapur 0231-2528090
    Shimla 0177-2843803, 6450140
    Latur 02382-244833
    Ballabhgarh 9891073511
    Agra 0562-4007223 / 4006223
    Aligarh 0571-2401241, 2401243
    Thane 022 21722526/27/28/29, 022-65866999/65966999
    Dehradun 0135-2720190, 2520068
    Haridwar 01334-690090/690091
    Mathura 0565-2420035/36
    Mumbai 022-66262000/022-66262100
    Meerut 0121-4051500, 4051501

    BankBazaar Finance app

    The Bankbazaar Finance app boosts your financial IQ by offering you insights on several financial topics. The Personal Finance feature of the app tracks your bank account and credit card expenses. The app can be downloaded from the Google Play Store on Android phones. Customers have access to the car loan customer care numbers of their banks through the app. It can be used 24x7, on all days of the week.

    The application is essentially an extension of the BankBazaar website, offering you the facility to compare car loans and apply for the one that suits your needs. Additionally, your car loan eligibility and calculation of EMI can be done through the app. You can also read news related to car loan products in the country.

    Another significant feature of the product is the availability of discounts, offers, and promotions exclusively for the users of the application. You can also apply for car loans and keep track of your loan status through the BankBazaar Finance app.

    About Magma Fincorp

    Magma Fincorp has a diverse product portfolio including loans for private cars and utility vehicles, commercial vehicles, tractors, construction equipment, used vehicles, etc. The company has an extensive network of 290 branches, spread across 22 states in the country. With over 27 years of experience in the industry, they have been offering effective financial solutions to the urban and rural regions of India.

    Car Loan Reviews

    • Magma Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My car loan experience was average with Magma, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 2
      , navi mumbai
      Reviewed on Aug 09, 2018
    • Magma Car Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      My experience with Magma Fincorp was not satisfactory. I had a car loan with them and the whole process was not up to the mark. The rate of interest and processing charges was high and when I went over to close the loan, there were a lot of charges taken.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 02, 2018
    • Magma Car Loan
      "Need to be transparent"
      0.5 1.0/5 "Really Bad"
      Earlier I took my car loan with Magma Fincorp and it was closed 1.5 years back. They are not transparent and lot of hidden charges. I had purchased SWIFT. The rate of interest was around 9% which was nominal. The processing fee was high. They provided a 70% loan to purchase a car.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 07, 2018
    • Magma Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have closed my car loan with Magma Fincorp and the loan experience was very good. The loan amount was for Rs 4 lakhs with the nominal rate of interest when compared to other sources. The process was smooth and i received my loan amount within the given time. Customer service was good and they followed up on time. The tenure of the loan is 5 years.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Jan 16, 2018
    • Magma Car Loan
      "Quick approval, Excellent service & interst rate to b better"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with Magma Fincorp. I have approached my dealer since I don't have IT they offered loan so I have gone with Magma service. The rate of interest was very high compared to other banks. I am paying around 11,780 per month through ECS. The process was very faster and simple.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 09, 2017
    • Magma Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I took this loan in past 2011i took Car loan from MAGMA FINANCE . it was a good customer service i received from the MAGMA side. they gave me a full approval onthe amount i asked for .the money got Dibursed in a week to the dealer .the Rate of interest was low from the bank side .the Processing fee was also low . they provided the option of Per closure and part payment . it was a good experience with MAGMA .
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 01, 2017
    • Magma Car Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I had purchased a new car with the help of Magma Finance. The rate of interest is normal like other bankers. They have given 100% loan on road. I pay a premium of 13K through cash. The documentation process is simple. The loan disbursement was on time. There is no pre closure charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 27, 2017
    • Magma Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Magma fincorp.The loan amount is 1.85 lakhs,rate of interest is nominal as compared to other banks,tenure is for 3.5 years.The EMI amount is 5383 paid monthly.I make payment through online.The net banking service is good.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 21, 2017
    • Magma Car Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      Magma gave me 18% of interest on car loan, I took Maruthi swift worth Rs. 7.8 lakhs, I paid the down payment around one lakh remaining all paid by EMI. Now loan got closed, their customer support is also great , but they don't have proper call center rest of things its good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 06, 2017
    • Magma Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am really happy with the service and the experience i had with the MAGMA FINSERV as i took a car loan from there . it was good as took the loan on January . the loan amount was of 8 lakhs i got a rate of interest of 7.25% and also there was no processing fee charged . the customer service was real good from their side delivered me the proper information .
      Was this review helpful? 1
      , bhopal
      Reviewed on Sep 21, 2017
    • Magma Car Loan
      "Satisfactory "
      0.5 2.0/5 "Expected more"
      I am having the car loan with the Magma finance limited and the interest rate is around 9%. The loan amount got disbursed to my account within two days of time. Response is good one. Also they have offered the top up loan too. Customer service is not really a good one.
      Was this review helpful? 0
      , meerut
      Reviewed on Aug 23, 2017
    • Magma Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Within 3 days of time Magma fin-corp has disbursed my car loan. The magma fin-corp came to my place to collect the required documents and they are done with the verification process within 24 hours of time. The rate of interest is nominal with Magma fin corp. I am happy and satisfied with the service and the loan amount.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 06, 2017
    • Magma Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I have requested car loan from Magma Fincorp to enlarge my car. Based on IT return, Income proof and car value they going to offer a loan. Currently I have Innova car. Magma fincorp taken some documents from end they will approve after registration of my car. Magma offered me the interest rate around 12.5% of car loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 29, 2017
    • Magma Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The service with magma finance limited is really good. They took around 1 week to disburse my car loan, The rate of interest is high with magma , The customer service with magma was average. I am satisfied with the loan amount of Rs.11 lakhs. I can say it was good service from magma fincorp.
      Was this review helpful? 0
      , alwar
      Reviewed on Jun 08, 2017
    • Magma Car Loan
      "Quick in process"
      0.5 5.0/5 "Blown Away!"
      It was an amazing experience with Magma Fincorp with regards to my car loan application. It was an excellent process and very convenient as well. The rate of interest was normal and the processing charges were also minimal when compared to other banks like HDFC Bank.
      Was this review helpful? 0
      , jodhpur
      Reviewed on May 19, 2017
    • Magma Car Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      It was much better experience with magma finance group in concern to my car loan application. There response and the follow up was good. The rate of interest and the charges are bit high when compared with others. It would be great if they bring down the interest rate.
      Was this review helpful? 1
      , jaipur
      Reviewed on May 03, 2017
    • Magma Car Loan
      "Not a good service"
      0.5 1.0/5 "Really Bad"
      Having contacted Magma for the car loan, sorry to say that I did not get a proper service from them.I had given instructions for ECS. I had produced all the required documents to them for the ECS instruction however the same was not action ed. Its because of which I had incurred a lot charges. I had been instructed to pay rs 1000 for the same issue at the end of the loan tenure only then they would provide the NOC it seems. Every month I had to visit the branch for paying the EMI via cash which I completely dislike.
      Was this review helpful? 4
      , faridabad
      Reviewed on Oct 22, 2016
    • Magma Car Loan
      "Good response!"
      0.5 4.0/5 "Great!"
      I have taken my car loan with Magma Fincorp. Their services are excellent till the end of the loan process. The car loan was disbursed within a weekâ??s time by them. It would be nice if they reduce the interest rate offered for the car loan, which is a bit high when compared to others.
      Was this review helpful? 0
      , delhi
      Reviewed on Mar 02, 2016
    • Magma Car Loan
      "90% of loan amount..."
      0.5 4.0/5 "Great!"
      Showroom people suggested me to go with Magma in terms of car loan. I was taken n 2014. I have no issues with them but their service and their response an all average. I paid only 10% of loan amount but they offered me 90% of loan amount which was good in magma. Interest rate also good.
      Was this review helpful? 0
      , maduranthakam
      Reviewed on Feb 16, 2016
    • Magma Car Loan
      "Best process.."
      0.5 3.0/5 "Satisfactory"
      Every thing was clear in magma fincorp so I have taken the car loan from them with 14% rate of interest. They also providing home loan. No charges for chque bounce and one more best part is they never consider the cibile rating. Loan process also good and fast.
      Was this review helpful? 4
      , bangalore
      Reviewed on Sep 22, 2015
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