Loans up to 100% of the value of the car.
No Income Proof Loan:
Loans up to 65% of total value based solely on your KYC and bank documents
Same-day delivery order:
Apply online in the morning, get your loan processed in less than 4 hours, and drive the car out of a dealership that very evening.
- Competitive Interest Rates.
- Flexible documentation and quick processing.
- End-to-end doorstep service
- Loans for personal and commercial-use cars or utility vehicles, both new and used.
- Loan eligibility for the widest range of customer profiles.
- Flexible Loan payment options- in monthly cash installments, auto debit, ECS (Electronic Clearing Services) or PDC’s (Post Dated Cheques).
- Option to borrow up to three-times your annual salary (for salaried professionals) or six-times your annual income (for self employed professionals).
- Easy loans (without income documents) for existing Magma customers with good repayment records for 12 months or more.