Magma Fincorp Limited, the leading asset finance company, today
launched the tyre loan for the existing customers. The tyre loan, which is part of the Magma’s CV and Suvidha business,
will provide an opportunity to the existing customers needing funds for tyre
replacement. Salient features of the scheme are as follows:
Customers who have an excellent repayment
track for eighteen months are eligible for same.
Tyre loan is available for LCV &
M&HCV both type of vehicles.
One vehicle owner is eligible for 1 pair
of tyre while multiple vehicle owners are eligible for Max 2 Pair of tyres.
Easy & Hassel free process with much
less documentation .Loan can be repayable in 6 months. Direct Payment to dealer
of customer choice.
Mr. Sumit Mukherjee, Chief Sales Officer, Magma
Fincorp said, “We are quite pleased to introduce the tyre loan for our existing
customers in terms value addition as a part of our CV and Suvidha business.
This is in keeping with our history and tradition of providing benefits to our
existing customers in terms of fulfilling their dreams and aspirations and
Magma’s motto of investing in the smallest dream”.
About
Magma Fincorp Limited
Magma Fincorp
Limited (“Magma”) is a non-deposit taking non-banking finance company (NBFC),
registered with the Reserve Bank of India (RBI) as an Asset Finance Company.
The Company, having started operations over two decades back, is listed on the
Bombay Stock Exchange Limited and the National Stock Exchange in India.
Magma
provides a bouquet of financial products including financing of Utility
Vehicles & Cars, Commercial Vehicles, Construction Equipment, Used
Commercial Vehicles, Tractors and SME Loans. It has also entered Affordable Housing
Finance, General Insurance and Gold Loans segments. Magma has a dedicated base
of around 4.3 lac active customers. The company has 280 branches in 21 states /
1 UT and employs more than 8000 people.
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