When it comes to your finances, you would want to be well-prepared for any obstacle that might come your way. In short, loans are the way to achieve that objective. Today, other than banking institutions, Non-Banking Financial Companies (NBFCs) have created a space for themselves in the lending department. MAG Finserv comes to the fore as one of the sought-after lending institutions if you want to access funds quickly and hassle-free.
Experienced and reliable, MAG Finserv helps you realize your dreams with a portfolio of loans that are easily accessible. With multiple loan options, depending on your need, you can apply and receive funds without going through a long-drawn process.
Here’s a look at MAG Finserv’s diverse lending portfolio!
MAG FINSERV AND ITS LOAN OFFERINGS
As mentioned earlier, MAG Finserv’s advantage lies in the hassle-free loans it provides. Whether a gold loan or a small business loan, the borrower finds the application process and the accessibility to quick funds a lot simpler. Let’s look at the multiple loan offerings by MAG Finserv for you to understand and choose from if need be.
Gold Loan is one of MAG Finserv’s flagship products. We launched this service in 2008 to balance the urgency of funds with the emotional value of a debtor. As a result, we designed a loan against gold service that truly honors your financial needs while providing you with a safe, trustworthy, quick, and hassle-free customer experience.
We expedite the Gold Loan process by requiring minimal documentation and providing you with the maximum loan amount on an immediate loan approval basis for a repayment period of up to one year. Along with this, we provide a slew of other significant advantages for taking a Gold Loan from us.
With its Small Business Loan offering, MAG Finserv made its foray into the financing solutions industry – its first financial solution product.
A simple application, minimal documentation, quick processing, flexible repayment slots, and substantial funding are all ideal ingredients for an SME to achieve its business objectives. We offer repayment plans ranging from one to two years in length, with the option of making daily, weekly, or biweekly payments.
Over the years, we have developed the best Small Business Loan to assist SMEs in achieving their entrepreneurial goals with an offering designed to help them thrive. We provide working capital of up to Rs. 5 lakhs to SMEs based on the market viability of their business over a minimum of one year.
MAG Finserv’s Two-wheeler Loan guarantees you one thing, among many others, that you will be able to take home your desired bike or moped with instant loan sanction and disbursement. We decided to expand our range of offerings in 2012 with a two-wheeler loan that offers a simple application process, minimal processing fees, and even the benefit of low down payment schemes.
All you need to get started is minimal documentation, and you can choose your loan repayment term between 1 and 3 years. In addition, we can help you get a loan for used cars, commercial vehicles, electric vehicles, and so on.
The Micro Finance facility provides financial assistance to the underprivileged, underserved, and unserved segments of society. People have always been at the heart of MAG Finserv, and this financial offering is our way of ensuring the upliftment of the rural population, particularly enterprising women, through empowering funds.
Starting in 2014, MAG Finserv assists self-help groups of women with easy and quick funds, with minimal documentation requirements such as PAN Card, Aadhaar Card, Voter ID (Voter ID Compulsory), and so on. With loan amounts ranging from Rs. 30,000 to Rs. 80,000, the repayment terms range from 1 to 2 years. Furthermore, we provide a top-up loan facility after six months of the loan disbursement and even provide a consumer loan or gold loan facility as a top-up.
Use your most valuable asset to finance, refinance, and support your dreams and goals, such as securing working capital to kickstart your dream startup or additional funds for existing business expansion plans. A Loan Against Property is an excellent way to raise funds by mortgaging a high-value owned property. With MAG Finserv, you have the opportunity to raise considerable sums of capital by utilizing your immovable and idle oversized assets over a long period with an easy and affordable repayment solution.
When it comes to finding funding, what’s better than getting all loan options under one roof! MAG Finserv makes it possible with its diverse portfolio and gives you the advantage of picking the right loan option. And with plenty of benefits like low-interest rates, flexible repayment tenure, etc., you can make the most of these loan offerings by MAG Finserv.
You can visit our website to learn more about the loans we offer and the application process, or you can even get in touch with us for further information through the contact us form or visit our office.