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Magma Home Loan Interest Rates – SuGanta

At Suganta.com, we are committed to providing our customers with the most up-to-date and comprehensive information on home loan options. Magma Housing Finance, now known as Poonawalla Housing Finance, offers a range of home loan products tailored to meet diverse needs.

Magma Home Loan Interest Rates

Magma Housing Finance provides competitive interest rates, making homeownership more accessible:

  • Interest Rate: Starting from Starting from 9.55% per annum
  • Loan Tenure: Up to 20 years
  • Processing Fee: 1% to 2% of the loan amount plus applicable taxes
  • Foreclosure Charges: Nil for floating rate home loans

Features of Magma Home Loans

Magma Housing Finance offers a variety of features to cater to different borrower requirements:

  • Loan Amount: Starting from ₹3 Lakhs
  • Purpose: Purchase of property, construction of a house, home improvement, extension or renovation, balance transfer, and top-up loans
  • Loan Against Property: Available for personal or business purposes
  • Documentation: Minimal and straightforward
  • Application Process: Fast processing with doorstep service
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Eligibility Criteria

To be eligible for a Magma home loan, applicants should meet the following criteria:

  • Applicant Types: Individuals, proprietors, partners, corporate entities, and partnership firms
  • Professionals: Salaried individuals, self-employed professionals, service providers, manufacturers, traders, retailers, and entrepreneurs
  • Developers: Those undertaking residential projects or townships

EMI Calculator

Magma Housing Finance offers an EMI calculator to help borrowers estimate their monthly repayments based on loan amount, interest rate, and tenure. This tool assists in planning finances effectively and choosing the right loan parameters.
For more detailed information or to apply for a home loan, please visit Suganta.com. Our team is here to assist you every step of the way in securing your dream home.

 

Frequently Asked Questions

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The interest rates for Magma home loans start from 9.55% per annum, subject to the applicant's profile and loan specifics.
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There are no foreclosure charges for floating rate home loans offered by Magma Housing Finance.
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Magma offers home loan tenures ranging from 1 year to a maximum of 20 years, providing flexibility to borrowers.
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Yes, Magma Housing Finance provides loans against property for both personal and business purposes.