Magma Fincorp Commercial Vehicle Finance | Interest Rates | Eligibility
Magma Fincorp Commercial Vehicle Loans: Get Details on Eligibility, Documents, Fees & Charges, Benefits of Commercial Vehicle Finance from Magma Fincorp.
Features & Benefits of Magma Fincorp on Commercial Vehicle Finance:
- Pan India presence with more than 200 branches across India to provide better service and easy access for the customers.
- Loans ranging from 80%-100% of the asset value depending on customer grading.
- Loans to all profiles of customers including First Time users & First time buyers.
- Additional Benefits like top up funding to existing customers.
- Catering to customers in a radius of 125 Kms from our nearest location.
- Transparent process and fair dealings.
- Easy and hassle free documentation.
- Prompt loan approvals.
- Affordable interest rates.
- Customized offerings as per the need and demand of the customer.
Interest rates
| Personal Use Segment | ||||||
| PDC/ECS Local Clearing | ||||||
| Tenure | Seg A | Seg B | Seg C/SUV | Seg D | Seg MUV | |
| 35-60 M | 11.25% | 11.25% | 11.00% | 10.75% | 11.00% | |
| <35 months | 12.00% | 12.00% | 11.75% | 11.25% | 11.75% | |
Eligibility Required for Magma Fincorp Vehicle Finance
- Deployment letter for proposed asset.
- Property ownership proof required.
- Resident stability of 2 years.
- Trade references required.
- External guarantor required.
Documents Requirement
- Experience proof
- Property ownership proof required.
- Resident stability of 2 years.
- Trade references required.
- External guarantor required.
|
SMALL FLEET OPERATOR |
MEDIUM FLEET OPERATOR |
LARGE FLEET OPERATOR |
| – Vehicle Ownership proof required.
– Repayment track record. – Resident stability proof. – External/Internal Guarantor required. – Trade references required. |
– Vehicle Ownership proof of 3 years.
– Repayment track record required. – External/Internal Guarantor required. – Trade references required. |
– Vehicle Ownership proof of 5 years.
– Repayment track record required. – External/Internal Guarantor required. – Trade references required. |
Available Loan Products of Magma Fincorp
