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Experience a simple car loan process in Chennai



Magma Car Loan Interest rates vary from 10% to 16%, depending on various factors. Apply online now so we can offer you the best rate based on your credit-background and our customized schemes.

  • 100% Car Loan in chennai:
    car Loans in chennai up to 100% of the value of the car.
  • No Income Proof Car Loan in chennai:
    Loans up to 65% of total value based solely on your KYC and bank documents
  • Same-day delivery Car Loan in chennai:Apply car loan in chennai online in the morning, get your car loan in chennai processed in less than 4 hours, and drive the car out of a dealership that very evening.

Competitive Car Loan in chennai Interest Rates.

  • Flexible documentation and quick processing.
  • End-to-end doorstep service
  • Car Loans in Chennai for personal and commercial-use cars loan in Chennai or utility vehicles loan in chennai, both new and used car loan in chennai.
  • Car Loan in chennau eligibility for the widest range of customer profiles.
  • Flexible car Loan in chennai payment options- in monthly cash installments, auto debit, ECS (Electronic Clearing Services) or PDC’s (Post Dated Cheques).
  • Option to borrow up to three-times your annual salary (for salaried professionals) or six-times your annual income (for self employed professionals).
  • Easy car loans in chennai (without income documents) for existing Magma customers with good repayment records for 12 months or more.

Our core business operation is Financing and refinancing all types of commercial vehicles. Since inception we have been working towards supporting entrepreneurs realize their dreams by financing vehicles. Our large geographical coverage is marked by a hub-and-spoke approach through an array of regional, branch and pocket offices. One of our key offering covers Heavy Commercial Vehicles. We are exclusively tied up with Ashok Leyland heavy vehicle department and enjoy special offers.

Commercial Vehicle Loan in Chennai Features & Benefits

  • Loans are also extended for both chassis and body fabrication.
  • We provide refinance on your existing vehicle or finance for the purchase of pre-owned vehicles.
  • Documentation process is absolutely simple and hassle-free.
  • Presence in multiple locations lets you have quicker access to funds and repayment
  • Repay with easy EMIs, cash or post-dated cheques
  • Maximum tenor of loan 48 months
  • Funding can go up to 100% based on the class of customers
  • Buses, Passenger vehicles Finance in Chennai

Features & Benefits

  • Funding option available for contract carriages, stage carriages, staff buses, school & college Buses.
  • Maximum tenor of loan provided is for 48 months.
  • Flexible funding option based on customer prediction.

Commercial Vehicle Loans

The rate of interest for the loan depends on various factors like customer profiles and location.

A commercial vehicle loan can be taken for a variety of commercial vehicles, which may be used at different locations. The loan is applicable to customers with diverse profiles.

For new Commercial Vehicles

  • Fast processing
  • Greater flexibility
  • Maximum tenure of 60 months
  • Competitive rates
  • Customised financing

For old Commercial Vehicles

  • Finance against vehicles that are up to 15 years old
  • Maximum tenure of up to 3 years
  • Maximum finance flexibility

Pre-Owned/ Used Car Loans in Chennai

  • Used vehicle loans available for vehicles up to 10 years old
  • Lower rates of interest on pre-owned cars as compared to other unsecured loans
  • Maximum flexibility
  • Speedy loan disbursements