Magma Housing Finance FAQs
At Magma, we understand the unique needs of the low & middle income housing-segments where end-users are keen to own their own home. We provide localized processing of your proposals, to facilitate property purchase. With competitive home loan interest rates, multiple product options and a team of dedicated professionals bringing our services to your doorstep.
- For construction & purchase of a property
- For acquiring a plot to construct a house
- For re-sale, renovation/Home Improvement & Extension of an existing house
- For balance-transfer & top-up of an existing Loan from a few specified Lenders
- For personal as well as for business-purpose, Loan Against Property is available
- Step 1: Submit loan application with all required documents for KYC, Income, Property title and Valuation.
- Step 2: Official visits for Filed Investigation, Personal Discussion & Tele-verification
- Step 3: After clearance of all queries related to Income, Property Title and valuation,the sanction decision is made
- Step 4: Submission of all requisite Documents for Disbursal, post verification the Disbursal is made, depending on the Loan type.
All key internal processes are handled by a dedicated and knowledgeable in-house team to ensure your application is given due attention and to maintain the highest level of confidentiality.
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Leave your contact details in the Contact Form
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Write to us at Contact Us
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Visit any of our branches Branch Network
Yes. You can prepay the loan, subject to terms & conditions specified and as per guidelines stipulated by NHB from time to time.
Loan amount is subject to income and valuation of Property.
No, You would need to show a bank statement for the past 6 months.
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