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Magma Commercial Vehicle Loans Eligibility

FIRST TIME USERS
  • Deployment letter for proposed asset
  • Trade references required
  • External guarantor required
  • Property ownership proof required
  • Resident stability of 2 years
FIRST TIME BUYERS
  • Experience proof required to get commercial vehicle finance
  • Property ownership proof required
  • Resident stability of 2 years
  • Trade references required
  • External guarantor required
SMALL FLEET OPERATOR
  • Vehicle Ownership proof required
  • Repayment track record
  • Resident stability proof
  • External/Internal Guarantor required
  • Trade references required
MEDIUM FLEET OPERATOR
  • Vehicle Ownership proof of 3 years
  • Repayment track record required
  • External/Internal Guarantor required
  • Trade references required
LARGE FLEET OPERATOR
  • Vehicle Ownership proof of 5 years
  • Repayment track record required
  • External/Internal Guarantor required
  • Trade references required