Magma Housing Finance Interest Rate & Charges

  • NIL for all Floating Rate Home Loans
  • As applicable from time to time, specified in the Loan agreement for Loan Against Property & Fixed Rate Home Loans.
  • Or as per Terms & Conditions specified by NHB from time to time.
  • Varies from client to client and depends on factors like market Interest Rates, Credit Evaluations etc.

As applicable and specified in the Terms & Conditions

Other fees and charges

  • Cheque swapping charges:Rs. 500/-
  • Loan cancellation / re-booking charges (allowed within first 20 days from the date of first disbursement):Rs. 3,000/-
  • Legal, Repossession &Incidental charges :At actuals
  • Duplicate No Due Certificate / NOC : Rs. 500/-
  • Statement of Account:Rs 200/-
  • Special NOC:Rs. 500/- per request
  • Valuation charges for BT/Home Equity/Refinance cases : Rs.1,500/-