(Updated on 06.02.2019) Magma Housing Finance Home Loan – Apply & Get Best Interest Rate on Home Loan Eligibility. Check Monthly EMI Calculator, Documents Required & Processing Fee.
Magma Housing Finance – Get Instant Home Loan Quotes Online
Magma Housing Finance is a registered finance company which offers the best housing loans, altered at every step based on individual level. With an experience of 28 years in the industry they have managed to get 5 lakh + customer base with 250+ branches spread across 22 states.
They offer a wide range of home loan products to choose from with expert legal and technical agents who helps you through quick loan approval.
Consider the below given features & benefits of Magma housing finance for a better view of the product offered.
- Individual(s) with valid KYC documents in the name of all the borrowers is mandatory.
- Proprietor, Partnership or Corporate entity can also apply.
- Developers making residential projects / townships.
- The customer applying for home loan should have a clear banking & loan repayment history with stable source of income.
Salaried Individuals and / or business – owners of the following segments can apply too :-
- Service providers
- Traders & retailers
- Self employed professionals
Magma Housing Finance Home Loan EMI Calculator
Other Fee and Charges
|OTHER FEE & CHARGES|
|Cheque swapping charges||₹ 500/-|
|Loan cancellation / Re – booking charges (allowed within first 20 days from the date of first disbursement)||₹ 3,000/-|
|Legal, Re possession & Incidental charges||At actual|
|Duplicate no due certificate / NOC||₹ 500/-|
|Statement of account||₹ 200/-|
|Special NOC||₹ 500/- per request|
|Valuation charges for BT/Home equity/Refinance Cases||₹ 1,500/-|
Features & Benefits
- Minimum documents are needed to apply loan with Magma Housing Finance.
- Competitive home loan interest rates are offered.
- Home loan can be availed for Construction & Purchase of a property / Acquiring a plot for Construction / Re – sale / Renovation / Improvement & Extension.
- Loan tenure range from 1 to 20 years with a minimum loan amount of 3 lakhs.
- Balance transfer & top – up facility of an existing loan is also available.
- End to end doorstep service is provided through the nearest registered office.
- Zero foreclosure charges for all floating rate home loans (Otherwise which may vary from depending on term and conditions specified by NHB).
|Salaried Individuals||Self – Employed professionals|
|Application form duly filled|
|2 passport sized photograph|
|ID Proof – Passport/ Driving License/ Voter ID/ PAN Card|
|Address Proof – Registered Rent Agreement / Utility bill (up to 3 months old), Passport|
|Income documents – 6 months pay slip, 2 year Form 16, 6 months bank statement disclosing salary credit & EMI debits||Business proof such as VAT/ Service tax registration, Incorporation details in case of companies, business address proof, profit & Loss account and balance sheet duly attested by CA, Copy of partnership deed & proof of business existence|
As applicable on the company’s Term & Conditions.