Magma Used Vehicle Loans FAQs

What is used vehicle loan all about?
How do I apply?
What are the different segments and funding ranges available?
What documentation is required?
What is the maximum loan I can borrow?
Is there a pre-payment option for your product?
Do I need a guarantor?
What are my tenure options?
Can I take the used vehicle finance without Income Proof or Business Proof?
Can I get a used vehicle loan without a bank account?
I live 75 km from your nearest branch office. Can I still get the used vehicle loan?
Can I select to give either post-dated cheques or equated monthly installments for my entire loan payment structure?
Can I get the loan if I have been staying at my current residence for less than six months?