Magma Car Loan interest rates vary from 12% to 16%, depending on various factors. Apply online now so we can offer you the best rate based on your credit-background and our customized schemes.

• 5% of the Principal Outstanding for pre-closures beginning 6 months after date of agreement.
• Foreclosures are not permitted within 6 months from date of availing of the car loan. Foreclosures within 6 months are allowed under exceptional circumstances with lock-in period charges.

3% per month

• Up to Rs. 2.50 lacs:  Rs. 3500
• From Rs. 2.51 lacs to 5 lacs: Rs. 4050
• Over Rs. 5 lacs: Rs. 4625
• 0 processing fees on select schemes