NBFC
Poonawalla Housing (formerly Magma)
The former Magma Fincorp business, now under the Poonawalla group, offers retail asset finance and housing loans.
- Founded
- 1988
- Headquarters
- Kolkata, West Bengal
- Category
- NBFC
Products available through nSquare
We facilitate applications for the following Poonawalla Housing (formerly Magma) products. Final rates and eligibility are decided by the lender based on your profile.
- Home Loan
- Vehicle Loan
- SME Loan
Typical eligibility
- Indian resident aged 21 to 65 years at loan maturity
- Salaried, self-employed professional or business owner with stable income
- Healthy credit score, typically 700 or above
- Complete KYC and income documents
Documents required
- PAN, Aadhaar and address proof
- Last 3 months salary slips or 2 years ITR
- Last 6 months bank statements
- Property or asset papers (for secured loans)
Why apply through nSquare?
- One application across 125+ lenders
- Best-fit product, not the easiest to sell
- 25+ years of loan advisory experience
- End-to-end support until disbursal
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