Magma Fincorp Limited India - Housing Finance
Magma Fincorp Limited is a leading non-banking financial company in India that provides housing finance solutions to individuals and families looking to buy or construct their dream homes. With a strong presence across the country, Magma Fincorp offers competitive interest rates, flexible repayment options, and quick approval processes.
Key Features of Magma Fincorp's Housing Finance:
- Competitive interest rates
- Loan amounts tailored to individual needs
- Quick and hassle-free application process
- Flexible repayment options
- Dedicated customer support
Eligibility Criteria:
To avail of Magma Fincorp's housing finance, individuals need to meet certain eligibility criteria, including:
- Minimum age of 21 years
- Stable income source
- Good credit history
- Meeting the company's specific requirements
Documents Required:
Applicants need to submit the following documents to apply for housing finance with Magma Fincorp:
- Proof of identity (Aadhar card, passport, driver's license)
- Proof of address (utility bills, rental agreement)
- Income proof (salary slips, bank statements)
- Property documents (sale deed, construction agreement)
Contact Magma Fincorp Limited:
For more information on Magma Fincorp's housing finance solutions, eligibility criteria, and application process, please visit their official website or contact their customer support team.
Website: www.magmacare.com
Customer Support: 1800 266 3200
Frequently Asked Questions
1. What is Magma Fincorp Limited?
Magma Fincorp Limited is a housing finance company based in India that offers various loan products for purchasing or constructing homes.
2. What types of housing loans do you offer?
We offer various types of housing loans including home loans, home improvement loans, plot loans, and home extension loans.
3. What are the eligibility criteria for applying for a housing loan?
The eligibility criteria vary depending on the type of loan you are applying for. Generally, you need to be a resident of India, have a stable income, and meet the credit requirements.
4. How much loan amount can I get for purchasing a home?
The loan amount you can get for purchasing a home depends on various factors such as your income, credit score, and the value of the property. We offer up to 90% of the property value as a loan amount.
5. What is the interest rate offered on housing loans?
The interest rate offered on housing loans varies depending on the market conditions and your credit profile. We offer competitive interest rates to our customers.
6. What is the tenure for repaying the housing loan?
The tenure for repaying the housing loan can vary from a minimum of 5 years to a maximum of 30 years, depending on the loan amount and your repayment capacity.
7. How can I apply for a housing loan from Magma Fincorp Limited?
You can apply for a housing loan by visiting our nearest branch office or by filling out an online application on our website. Our representative will guide you through the application process.
