MAGMA FINCORP LIMITED
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We come with a commitment to invest even in your smallest dream; extending a helping hand. At Magma, we provide finance and freedom to those who wish to rise; to those who are denied both.
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Indicative Rates

About Us - Indicative Rates


Normally applicable indicative minimum interest rates are :

Product
Rate
Car
13.25% - 18.75%
CV
13.50% - 17.50%
CE
14.25% - 16.75%
Suvidha
18.00% - 27.00%


Notes

  1. CAR - The applicable rates vary depend on the following:

    1. Mode of payment i.e. PDC or NPDC
    2. Model of vehicle being procured i.e. MUV or Passenger
    3. End use i.e. commercial or personal use
    4. Segment of customer i.e. Income proof, Non income proof, First Time User(FTU) Commercial, Non FTU Commercial
    5. Tenor of loan

  2. CV/ CE and Suvidha - The applicable rates vary depend on the following:

    1. Mode of payment i.e. PDC or NPDC
    2. Segment of customer i.e. First Time Buyer and Fleet Owners
    3. Tenor of loan

  3. The above rates have been worked out based on cost of funds, risk premium and return expectation

  4. Rates are subject to change as and when warranted by the situation and are always subject to the sole discretion of the management on case to case basis.

  5. For further details, please contact Company's office nearest to you.



 
    
 


 
    

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