Business Model of MAGFINSERV

MAGFinserv Co. is established under Indian Companies Act and approved by RBI.It is non banking finance company.With the aim of up-liftment of needy class of population working in finance sector.Company provides finance for the purchase of two/four wheelers,finance against pledge of gold and gold ornaments,finance through Bachat Gats.We also provide cash loans on selective basis.Co.also provides finance against security of used vehicles.Usually Organised banking sector is not financing for used vehicles and also the terms of sanction from banking sector are not suitable for the weaker section of the society who cannot provide financial papers like balance sheets, income-tax returns,etc. but their repaying capacity remains good.Also there lot of technical difficulties to get finance from the banking sector.To seal this gap Co. is considering the genuine need of the borrower and trying to find out the friendly solution.