Tag Archives: Magma Housing Finance

Magma Housing Finance – Home Loan Eligibility, Interest Rate, EMI Calculator

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

Professional Details
Loan Amount
Yearly Income
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

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 :-

  • Manufacturers
  • Service providers
  • Traders & retailers
  • Self employed professionals
  • Entrepreneurs

Magma Housing Finance Home Loan EMI Calculator 

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Other Fee and 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).

Documents Required 

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
Business profile

Processing Fee

As applicable on the company’s Term & Conditions.