Processing Time

NA

Interest Rate

17.50% onwards

Processing Fees

Upto 2%

Pre-Payment Fees

3%

Tenure

1 - 3 years

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Magma Business Loan on Rubique
Business Loan

Apply Magma Business Loan Online @17.50% Interest Rate Onwards


  • No need of Guarantors or giving any collateral for loan.
  • Maximum 2 Crores of loan amount are offered.
  • Faster approval and quick disbursements.
  • Minimum 5 years of experience in the business.
  • Manufacturing and trading industries should have minimum of 40 lakhs turnover.
  • Service industry should have minimum of Rs.15 lakhs turnover in buisness.
  • Net worth should be positive.
  • Transparent Account history.
  • Address Proof
  • Age and identity proof.
  • Application form signed by the applicant.
  • Passport size photograph.
  • Income Proof : Last 3 months salary slips, Form 16 / ITR statements for salaried individual and last 3 years ITR with computation income and audited balance for self employed individuals.
  • Last 6 months banking statements.
  • Property proof
  • Processing Fees : Upto 2%
  • Pre-closure Fees : 3%
  • No offers available
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