If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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  • Car Loan Reviews

    • 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? 0
      , 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? 0
      , 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? 2
      , 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? 3
      , bangalore
      Reviewed on Sep 22, 2015
    • Magma Car Loan
      "Good service.."
      0.5 4.0/5 "Great!"
      My brother told me about the MAGMA FINCORP. They offered me a car loan. Loan process was good they finalized within 10days. I am not sure about the rate of interest. 1lakh is down payment and monthly emi was 6000rs. Over all I am happy with their process.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Sep 21, 2015
    • Magma Car Loan
      "Can be flexible"
      0.5 3.0/5 "Satisfactory"
      I had a tough time in foreclosing the car loan with MAGMA . I had approached their Branch for the foreclosure. However they dragged it for 2 months and later the car loan was closed . Adding up to that they charged me interest for the 2months which they have delayed , which could have been waived off.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 15, 2015
    • Magma Car Loan
      "Average "
      0.5 3.0/5 "Satisfactory"
      The service provided by Magma finance was really good.They have processed the application within a weeks time process.The interest rate applied for the loan was around 13.5% and i would say it was a average service provided by Magma finance and I will not recommend other about this financial institute.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 12, 2015
    • Magma Car Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I took a car loan from Magma company withe interest rate of 10.50% and with the normal processing fee.Once i approached them they sent the representative at the earliest and disbursed the amount within 15 days. They processed the loan with easy documents.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Aug 24, 2015
    • Magma Car Loan
      "Needs Improvement "
      0.5 3.0/5 "Satisfactory"
      I got a Car loan from MAGMA through my dealer. There service was good to the customers and I never defaulted with any EMI payments. I closed this car loan tow years back and it would be good if they reduce their rate of interest.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 13, 2015
    • Magma Car Loan
      "After sale zero response "
      0.5 3.0/5 "Satisfactory"
      The back office process of my car loan application with Magma was not good.I asked for the tracking details of my application which was unable to provide by them.The customer service provided was good and they are processing the loan very instantly.The interest rate offered was on the higher side.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 03, 2015
    • Magma Car Loan
      "Its fine"
      0.5 5.0/5 "Blown Away!"
      Magma car loan process is fine. As I am a ex employee of Magma I have been offered the best price with discounts and there is no processing fee for the same. Interest rate offered by them was 8.75% reducing and I did not produce any documents however the customer service offered by them was good.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Jun 10, 2015
    • Magma Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Magma Fincorp gives the best service to the customers in terms of loan process. I took the car loan with them and very happy with the service.As my loan got approved within 24 hours of our time. They offered the low interest rate of 10.30% and waived off the processing fees too..
      Was this review helpful? 3
      , new delhi
      Reviewed on May 15, 2015
    • Magma Car Loan
      "Poor service"
      0.5 0.5/5 "Unacceptable"
      I am really unhappy with the customer service provided by Magma in the process of availing the car loan. The response which I got was really poor and there is no direct contact number or toll free number to contact them. I searched in the website but its not so easy to access.They charged nearly 4000 for ESI return but I paid my my payment on time but they didnâ??t inform me about the reduction. I felt there is no accurate information provided to the customer.
      Was this review helpful? 4
      , faridabad
      Reviewed on Apr 14, 2015
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    MAGMA Car Loan Customer Care is Rated as "Excellent!" by 165 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN
    rated 4.5/5.0 by 165 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
    Agra 0562-2525498/518
    Ahmedabad 079-30009940 079-30169390-99 079-66829800 / 66829863
    Ajmer 0145- 2622286/ 2623286/ 2623875
    Akola 0724-2450560
    Alappuzha 0477-2241711
    Aligarh 0571-2412440/41/42
    Allahabad 0532-2401981-90
    Alwar 0144- 5131501 0144-5150500-5150529
    Ambala 0171-2600148
    Amravati 9011065636
    Amritsar 0183-5015236
    Ananthapur 08554-227667
    Angul 06764 230624
    Arrah 7320923579
    Aurangabad 0240-6628043
    Auriaya 7887013888 / 7887012888
    Baddi 01795-645330
    Bagalkot 08354-221865
    Bahadurgarh 01276-699722,01276-699721
    Balasore 0678-2241389
    Banda 05192-220877/78
    Bangalore 080-40544100 080-41316286 / 41326286
    Bareilly 0581-2320796
    Barmer 02982 - 221120 / 221130 / 224066
    Basirhat 9831867105
    Basti 05542-281149
    Beed 02442-228371/229371
    Begusarai 06243-24571
    Belgaum 8312425412
    Bellary 8394220139
    Berhampur 9238160111/9040000000
    Bettiah 7541807332
    Bhagalpur 0641-2301859
    Bharatpur 05644-221250, 05644 - 223249
    Bhatinda 0164-5004612
    Bhawanipatna 06670-232117
    Bhilai 0788-4010920/ 4038734/ 4035459/ 4039149/ 4086268/ 4032314/ 4035690/ 4039143/ 4086395/ 4033345
    Bhilwara 01482-230436
    Bhimavaram 9030001827
    Bhiwani 9254312301 / 02
    Bhopal 0755 4036300 - 23
    Bhubaneshwar 0674- 3012072 0674 -3010314 / 9040046096
    Bijapur +91 9901600886
    Bikaner 0151-2530056
    Bilaspur 07752-300900 to 300944
    Bokaro 06542 -232931
    Bolangir 06652-234315
    Calicut 04952369066, 04952365859
    Chandrapur 07172-272017
    Chapra 07320923582
    Chennai 044-2374 0930/31/32/33/34
    Chhatarpur 07682-240903/04/05
    Chindwara 07162-245253/63
    Cochin 0484-4055666 0484-4223333
    Coimbatore 0422-4376290
    Cuttack +91 7752019037
    Dabra 07524-429900
    Darbhanga 06272-295426
    Darjeeling 0359-2232604
    Dausa 01427-223313 / 223317
    Davangere 8192237758
    Dehradun 0135-2720190/286
    Delhi 1800 103 3375
    Deoghar 74638822034
    Dhanbad 0326-2303084
    Dhantari 7722-236513
    Durgapur 0343-2588687; 0343- 2587839
    Etawah 05688-250379/ 80
    Faridabad 0129-4057223
    Farrukhabad 05692-244044
    Fatehpur 05180-221032
    Firozabad 05612-230138 / 230139
    Gandhidham 02836 - 239331 / 230127 / 23
    Gaya 7763816412
    Gaziabad 0120-4330486/4330487
    Gulbarga 0847-2250520
    Guna 0754 2404051
    Guntur 08632-233162
    Gurgaon 0124-4316446/47
    Gwalior 0751 4218216 - 21
    Haldwani 05946-245012
    Hamirpur 9304836069
    Handaun 07469-232561
    Harda 07577-222535/32/222353
    Hardoi 05852-220144 05852-220155 /220144
    Hazaribagh 06546-222462
    Himmatnagar 02772 - 290203
    Hissar 01662- 248018, 248028
    Hoshangabad 8109094946 / 9039000207
    Hyderabad 040-23158658 040-24038711 / 24035711 40-45452222
    Indore 0731-4284901/02/03/05/06 0731-4271500
    Jabalpur 0761-4068600
    Jagdalpur 07782-221477
    Jaipur 0141-3092296 0141-5197400 - 430
    Jajpur 06725-226096 06726-223045
    Jalandhar 0181- 5011426
    Jalgaon 0257-2235174
    Jallandar 0181-5021429 to 32 01636-504295
    Jamnagar 0288-2674145/46
    Jamshedpur 0657-2317355
    Jeypore 06854-230757
    Jhalawar 07432 - 230140 / 190 / 490
    Jhansi 0510-2472112/102
    Jharsuguda 06645 -214393
    Jhumriteleya 06534-227327
    Jhunjhunu 9667569386 / 9667569450
    Jind 01681 - 651372, 651373
    Jodhpur 0291-5103498
    Kadapa 08562 - 222613
    Kaithal 01746-651370 / 651371
    Kannur 0497-2707881
    Kanpur 0512-3937670 to 3937689
    Karimnagar 0878-2277991 08782247991
    Kasargod 9526499666
    Kengeri 9886025254
    Keonjhar 06766-253321
    Khammam 08742-252913/14
    Khanna 01628-500436
    Khargone 07282-235024
    Kolar 9036001037 / 9036001057
    Kolhapur 0231-2528090
    Kolkata 033-44017231 0836-2258711/12 03482-252578, 259021 03512-264336, 266684, 265050
    Kollam 0474-2761615
    Korba 07759-245288/ 246792/ 246198/ 246203/ 245737/ 245218/246015
    Kota 0744-2360265
    Kotawali 7044045808
    Kottayam 0481-2570092
    Kurnol 08518-267443
    Kurukshetra 01744-651374, 651375
    Lakhimpur 05872-270149
    Latur 02382-244833
    Lucknow 0522-2359935/ 2359910 0522-2425662/ 2425670 0522- 4092300 to 4092330
    Ludhiana 0161-5048432
    Madurai 0452-4371050/1053/1056
    Mahabubnagar 08542-270613
    Malappuram 0483-2733747
    Mancherial 08736 - 259962
    Mandi 01905- 645211/ 645213
    Mandsaur 0742-2437700/1/2
    Mangalore 0824 4284284
    Mathura 0565-2420035 / 36
    Mau 0547-2220364 / 94
    Meerut 0121-4051500/01/02
    Mirzapur 05442-220386
    Mohali 0172-5037428/29/30, 5037437/47
    Moradabad 7054095111 / 7054096111
    Motihari 06252-241502
    Mumbai 022-27452873/74 022-2894 2937/6596/1175 022- 67284800 022-66262200
    Mehsana 9579 6600 6022
    Mohali 95161 6500 6022
    Morbi 95281 6600 6022
    Mumbai 6600 6022
    Muzaffarpur 0621-2266077
    Mysore 0821-2546262
    Nagpur 0712-6602426 0712-6622625 0712-6684318
    Nagure 01582 - 220544/45
    Nalgonda 08682-247087
    Narsinghpur 07792-230160/ 230242/ 230244
    Nashik 0253-6699655 / 57 / 58
    Nawada 07320923581
    Nellore 0861-2307935
    Nizamabad 08462 - 236044
    Noida 0120-6401980/81
    Pakur 9933003311
    Palakkad 0491-6050006 9249545892
    Palanpur 02742 - 256616/ 295616
    Panipat 9254312305 / 06
    Paradeep 06722 -228291
    Parbhani 02452-227492
    Pathanamthitta 0468-6050006
    Pathankot 0186-5080824
    Patiala 0175-5015235
    Patna 0612-2501211 9031003637, 8092095806
    Prakasham 08592 - 282670
    Pratapgarh 05342-232152 01478 - 220097 / 220070
    Pune 020 49029200/269
    Purnea 06454-244556
    Raigarh 07371-221070 07762-324152/320265
    Raipur 0771-4039813, 4091902, 6450148, 4004897 0771-3036651 to 3036699
    Rajahmundry 0883 - 2470240/270
    Rajkot 0281-6450586
    Ranchi 0651-3051349
    Ratlam 07412406804 / 05
    Renukoot 05446-254281/252466
    Rewari 01274-251963/252325
    Rohtak 01262-250018/257367
    Rourkela 0661-3059925
    Sagar 07582-401619/20
    Salem 0427-2333101 / 0427-2448472 0427-2333101
    Sambalpur 9238101764
    Sangli 02336512526
    Sangrur 01672-502042/53
    Sarguja 0774- 231306/ 231813/ 230769
    Sasaram 06184-220223
    Satara 02162 236337
    Satna 07672-403230
    Shahdol 07652-231982
    Shahjahanpur 07880444544, 07880444644
    Shimla 0177- 6450140
    Shimoga 8182403107
    Sholapur 0217-2651011
    Sikar 01572-270301 01572-270301
    Sindanoor 08535-230333
    Sirsa 01666-234006
    Sitamarhi 0622-6255532
    Sitapur 05862-270228 / 270229
    Siuri 7044032390
    Sonipat 0130-2200365
    Sriganganagar 0141-3092296
    Sultanpur 05362-221066 / 221067
    Sumerpur 02933 - 252260 / 65 / 66
    Surat 0261-3076326
    Swaimadhopur 07462 - 220192 / 220729 / 220787
    Thiruvananthapuram 0471-2572624
    Thrissur 0487-2421161
    Tirupati 0877-2242810
    Tirur 0494-2433744
    Trichy 0431 - 6533340
    Tumkur 8164014396
    Udaipur 0294-5103082
    Ujjain 0734-2527540/41/42/ 43/44
    Vadodara 0265-2385136/37/ 2385127
    Vapi 0260-2426844
    Varanasi 0542-2220299
    Vellore 0416-2245988
    Vijayawada 9247001089
    Vishakhapatnam 0891-3010700/707
    Vizianagaram 08922-272093
    Warangal 0870-2420881
    Washim 7252233277
    Yamunanagar 01732-264107
    Yavatmal 07232-247008

    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.

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