Magma Finance Home Loan | Interest Rate | Eligibility | Documents Required
Magma Housing is just another destination for your home loans. With over 230 branches in semi urban and rural areas, the Magma Housing aims to provide housing finance to the people who are in dire need of the financial support for purchasing their own homes. It is an estimate that the 80% of the branches of Magma Housing is in Semi urban and rural areas.
With an experience of more than 27 years, the bank has ensured that the maximum support is received by the people who are in fact excluded by the traditional banking of India.
Offers through Magma Housing
Magma Housing offers are as follows:
• Home Loans for all Residential, Commercial & Plot collateral security.
• Home Loan through Magma Housing starts from as low as Rs. 3 Lac
• Home Loans for a wide range of personal & business purposes through Loan Against Property
• With the loan tenure of 1 to 20 years, the Magma Housing is the Wide Home Loan option as provided by Magma Housing
• Project Finance for Developers available through Magma Housing Finance
Features of Magma Housing
• Flexible and minimum documentation
• Quick processing of home loan application
• End-to-end doorstep service with an experienced executive through the nearest Magma office
• Best and Competitive home loan interest rate with very flexible terms & conditions.
• Support through Well-trained and knowledgeable team of executives for best processing of home loans
Eligibility and Documentation
The eligibility criteria for the people seeking home loans through Magma Housing are as mentioned below :
All individuals or Proprietor, Partner, Partnership Entity, Corporate-entity are eligible for housing loans from Magma
The availability of home loans is also available for all developers and builders who are Residential projects and townships
Other Eligibility Criteria
• The need of all valid KYC documents must be available on the name of all the borrowers
• Continuity of income with requisite stability norms
• The entire history of loan repayment and banking must be clear
• Legal & technical clearance of the property-collateral
• Positive checks & references
Other Facilities through Magma Housing
The availability of home loan EMI Calculator is just one of the several features available through Magma Housing. With such a tool, you can quite easily check the EMIs and thus can better analyze the needs and requirements. You can get better prepared for upcoming EMIs to be paid to the bank for your home loans.
With easy processing of home loans with the lowest processing fees and no prepayment charges applicable in the case of floating rate of interest, the Magma Hosing is a best choice for the Home loans. So, if you are in need of home loans, just fill in the form and request a callback through our representatives. You can also visit any of the branches of Magma Housing nearest to you and can know all required details and processing for the home loans.