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We are all in the midst of an unprecedented crisis in the wake of the outbreak of COVID 19 Novel virus cases that are being detected across states. We are trying our best to keep our call centers open to serve you . However we are experiencing a surge in call volumes. We request your patience if you are trying to reach us.
We know it must be frustrating for you not to get an immediate response or to be on hold for a long period. Our sincere apologies for keeping you waiting.
Please be assured that we are trying our best to continue serving you.
We wish you, your family and friends a safe and healthy environment.
Customers should not respond to any messages or call asking for the OTP to avail the benefit of EMI Moratorium.
Thanking you and assuring our best services always.
We are glad to inform you that Magma Fincorp Limited is a registered Member Lending Institution (MLI) with National Credit Guarantee Trustee Company (NCGTC) to extend term loan to our existing Micro, Small, & Medium Enterprise (MSME) borrowers under ‘Emergency Credit Line Guarantee Scheme (ECLGS)’. Credit extended under the scheme is named as ‘Guaranteed Emergency Credit Line (GECL)’.
The Scheme is a specific response to the unprecedented situation COVID-19. It seeks to provide much needed relief to the MSMEs to meet their operational liabilities and restart their businesses.
Magma Fincorp Limited takes pride in being one of the first NBFCs to disburse GECL loan to MSMEs. We made our first loan disbursal under the aegis of this scheme on 15th June, 2020. At present, we are processing over 2500 GECL applications to provide required support to business enterprises during this pandemic environment. In Magma, GECL loan applications are being processed Digitally with end to end Digital Work Flow with e-signature on loan documents and eNACH.
To know more details on Emergency Credit Line Guarantee Scheme (ECLGS), please click the link – //www.ncgtc.in/en/eclgs