Magma Fincorp was established in 1989 and currently has over 235 branches across India. The company offers a large portfolio of financial services such as: Car Loans, Home Loans, Gold Loan, SME Financing, General Insurance and much more.
Magma Home Loan scheme offers loans for residential and commercial purposes with a loan quantum starting as low as Rs. 3 Lakhs. It also offers schemes for developers to finance their projects.
Attractive home loan interest rate with flexible and customer-friendly terms and conditions.
Compare: Home Loan Interest Rate all Banks
The following individuals are eligible to apply for a home loan from Magma Fincorp:
|Special NOC||Rs. 500/- per request|
|Valuation charges for BT/Home Equity/Refinance cases||Rs. 1,500/-|
|Cheque swapping charges||Rs. 500/-|
|Loan cancellation / re-booking charges||Rs. 3,000/-|
|Duplicate No due certificate||Rs. 500/-|
|Statement of Account||Rs 200/-|
It is very important that you have a clear idea of the costs incurred when you avail a home loan since it will prepare you to plan your budget and manage your finances efficiently. Using an online home loan EMI calculator will help you to analyze the affordability of your home financing needs before applying for a home loan. Using a home loan EMI calculator is extremely simple and can be done from the convenience of your home at any time of your choice. All you have to do is enter some basic information such as the desired loan amount, applicable interest rate, loan tenure, etc and based on this you can find out the details of amortization. Just click on the “calculate” tab, and you will be redirected to the page that shows a detailed description of the amortization details, including the monthly EMI. The home loan calculator can be repeatedly used by altering the inputs till you arrive at the desired result. The home loan EMI calculator available on BankBazaar.com provides an accurate and elucidated report on your amortization schedule based on which you can make an informed decision.
You can apply for a home loan online through the Magma Fincorp website or by directly visiting any of the Magma Fincorp branches.
Yes, prepayment is allowed. However, prepayment charges may be levied by the company.
The maximum loan amount that can be borrowed is dependent on the income of the applicant as well as on the valuation of the Property, as assessed by the company.
Once all the queries related to Income, Property valuation, etc. is cleared, the sanction decision is made by the company.
The maximum loan tenure that can be availed by a borrower is for 240 months.
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