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Magma Construction Equipment Eligibility

FIRST TIME USERS
  • No experience required to get construction equipment loan
  • 2 trade references required
  • External guarantor required
  • Property ownership proof required
FIRST TIME BUYERS
  • 1 year experience required
  • 2 trade references required
  • Internal/external guarantor required
  • Property ownership proof required
SMALL BUSINESS CUSTOMERS
  • 2 years experience required
  • Prior ownership of minimum one Construction Equipment asset required
  • Live track record of 12 months required
  • Internal Guarantor required
MEDIUM SIZED BUSINESS CUSTOMERS
  • 3 years experience required
  • Minimum asset ownership greater than Rs. 100 Lacs
  • Live track record of 12 months required
  • Internal Guarantor required
STRATEGIC CUSTOMERS
  • 3 years experience required
  • Turnover should be Rs 7.50 Cr or more
  • Minimum asset ownership greater than Rs. 150 Lacs
  • Live track record of 12 months required
  • Internal Guarantor required