•  
  •  
  •  

Magma Auto Lease Eligibility

WHO IS ELIGIBLE?
  • Small, Medium, and Large Indian Corporates, Multinational Companies and entities are eligible for Leasing from Magma.
WHAT ARE THE ELIGIBILITY CRITERIA?
  • At least five years of operations for the business.
  • Cash profit for the last two financial years.
WHAT ARE THE CORPORATE DOCUMENTS REQUIRED?
  • Audited financial statements for the past 2 years and provisional Statements.
  • Memorandum of Article & Articles of Incorporation.
  • PAN Card.
  • Address Proof (not older than 3 months).
  • Authorization Document
  • Copy of Authorized signatories ID or valid passport.
  • Other documents as maybe required or on a case by case basis. 
WHAT ARE THE LEASING DOCUMENTS REQUIRED TO CLOSE A LEASING TRANSACTION?
  • Master Lease Agreement
  • Transfer of title (Tax Invoice).
  • Vehicle Request Letter & Lease Schedule
  • Rental Repayment Instruction for the lease rent.
  • Other documents as maybe required or on a case by case basis.