Magma Fincorp Business Loan Rate

Magma Fincorp Limited (MFL) is a Kolkata based non-banking financial company registered with the Reserve Bank of India as an Asset Finance Company. The company operates more than 235 branches in 21 states and a union territory and has a strong presence in rural and semi-rural India.

MAGMA FINCORP BUSINESS LOAN

Magma Fincorp SME Loan is the best way to meet your business cash flow requirement. This money helps a business owner to invest in trade, industry, or in assets. There is no primary or collateral security required for SME Loan from Magma Fincorp.


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BRANCH IN KOLKATA
Branch Address
Gariahat 2nd Floor, 226B, Rashbehari Avenue, Gariahat, Kolkata, WEST BENGAL 700019
Park Street 24, Park Street, Park Centre, 4th Floor, Room No - 4A, Kolkata, WEST BENGAL 700016
Rajarhat 3rd Floor, Premises No-304, Block 4A, New Town, Rajarhat, Kolkata, WEST BENGAL 700156
Ecospace Business Park Block-3B, B201-202, Ecospace Business Park, Ambuja Realty Campus, Action Area II, New Town, Rajarhat, Kolkata, WEST BENGAL 700156
Barrackpore trunk road Ground Floor, 11, Barrackpore trunk road, Dunlop, Kolkata, WEST BENGAL 700056
Everything You Need To Know About

Magma Fincorp Business Loan

Overview

Online Lowest Business Loan interest rates for Magma Fincorp loans on Loanadda.India top bank loans providers.Apply Online

For Salaried individuals- These loans are unsecured i.e. there is no collateral required and can be availed by Salaried individuals. They are usually ideal for meeting your short term financial needs like unexpected expenses, dream holiday, home improvement expenses etc.

Unsecured Business Loans

An unsecured business loan is without any collateral or security that can be availed by SME’s to raise debt for short term financing purposes.

Business Loan For Magma Fincorp

1. Proof of Business - Shop and Establishment Certificate/ Vat Registration Certificate/ Service Tax      Certificate.

2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA.

3. Existing Loans’ Sanction letters accompanied with repayment track.

4. Business profile on the letterhead of the company.

5. ID/ Age Proof - PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof – Passport/      Utility bills/ Bank Statements.

6. Cheque of Processing Fee.

1. Age proof of all the partners in the form of PAN Card, Passport or Aadar Card.

2. PAN Card of the company.

3. Residence proof of all the partners – Utility Bills/ Passport/Bank statement/ Registered rent      agreement.

4. Proof of Business - Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax      Certificate.

5. Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.

6. Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account.

7. Existing Loans' Sanction letters accompanied with repayment track.

8. Business profile on the letterhead of the company.

9. ID/ Age Proof - PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof – Passport/      Utility bills/ Bank Statements.

10. Cheque of Processing Fee.

1. Application form duly filled with photographs of directors.

2. Age Proof of Directors - PAN Card, Aadhar Card, passport.

3. Residence Proof of Directors - Utility Bills/ Passport/Bank statement/ Registered rent agreement.

4. PAN Card of Company.

5. Education Qualification - A professional qualification certificate in case of Doctors/CA/Architects.

6. Proof of Business - Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax      Certificate.

7. MOA, AOA, List Of Directors, Share Holding Pattern of the Company.

8. Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.

9. Latest 12 months bank statement of Company of all current accounts and the same for Director’s      Savings Bank Account.

10. Existing Loans’ sanction letter with repayment track of company and Individual Directors.

11. Business Profile on the Letter Head of the Company.

12. ID/ Age Proof - PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof –         Passport/ Utility bills/ Bank Statements.

13. Cheque of Processing Fee.

Eligibility Criteria
Documents required for Guarantor:

Your Magma Fincorp Business Loan eligibility is determined by the following factors:-

Income/ Other Income

Age

Qualification

Property value

No of dependents

Bank Balance

Assets/Liabilities