Magma Fincorp Limited Complaints & Reviews

My loan not credited but any month debit 570 RS E NACH MANDENTE please cancel E NACH MANDENTE

570 rs automatic deducted from my account unnecessary in this month 2 times money have deducted from my account

Dear sir plz provi my NOC of vehicle no UP77S7002 if any problem provide me that information that issue while my LOAN has been Fully paid...

I apply for a loan but not disbursed.but they are cutting 570 rupee per month by nach mandate.

Sir
Suchanda Das Chowdhury. I bought a 10 wheeler with ₹1077639 of loan from Magma Fincrop. Vehicle's number WB-D0033. The monthly installment of the car is ₹ 34, 500. I couldn't drive properly because of the lockdown.So 1.5 installments failed, the amount is ₹48, 990. The truck was taken away from our driver on NH34 Road in West Bengal on February 6 without informing me. Then I was asked to pay the full amount. That's amount is ₹821927. I couldn't pay this amount, For that, Magma Fincrop sold the truck to a third party without informing me. Then they demanded another ₹315, 000 from me. The third party illegally transferred the name of truck in Kalingpong RTO without me.
Due to this my civil score goes down a lot and for this I can't take any loan from anywhere else.
My humble request is that appropriate action be taken on this matter as soon as possible.I have been in a very bad situation since this car left because my family was dependent on this car.

Thank you.

(To communicate if necessary. Ph number-[protected])

I have worked for magma fincorp and relived from the company services on 6-1-2017. But still my pf amount not received, i have been trying to get the transfer thru epf govt site, but it is happening and magma fincorp ltd authorities are not clearing the same.

Dear sir/madam
I have already paid all my car loan installment and dues dated 31/03/2014 but till date magma finance limited company not given noc letter.
Yesterday when i'm visited thane office address - magma fincorp ltd 1st floor goldan plaza, opp. Navneet motors, gokul nagar thane west office and meet mr. Prashant at reception.
They have check there system and told me your loan was already settled, but we don't give...

Dear sir, i have purchased a car registration number:-up32fb 8719 in hypoteciation with magma fincrop ltd. The proposal number for the same is:"pg/0043 c/12000485". I have paid all my intallments and dues for the same. All my dues and intallments are cleared on 17.9.2018. But when i am asking for the no objection certificate for the same they are not giving me. The employee of this financial institutions atul tiwari, guard,
And others are also not behaving properly and also demanding bribe rs.1000/- kindly look into the matter and help me to get my noc. Thanking you best regards, abhishek singh +91-[protected]

My loan no. Pg/0462/f/16/000002 was closed on dtd 11.01.2018, while paying the all payment to cashier they told me noc issued withing 15 days, now after calling cusotmer care they told me that i have to told them about noc i informed them over phone through ref no [protected] dtd 29.01.18 even today dtd 08.02.2018 they yet not issue the noc.

Kindly look into this matter.
Regard's

महोदय,
में प्रकाश अवासिया.मेरा मैग्मा फिनकॉर्प - मालिक - उपेंद्र चौधरी पिता श्रीनिवास चौधरी, पता -, b-2 metro tower, 5, th floor pu-4, schno 54, vijay nagar से 07, लाख ₹ का लोन -लोन अगेंस्ट प्रॉपर्टी है.
वेलकम लेटर अनुसार मेरा लोन एन्ड डेट 07 nov17 है.किन्तु मैग्मा फिनकॉर्प से पता चला 07 लाख और बकाया है.
कृपया मेरे प्रकरण पे विचार कर हल करने का कष्ट करे.धन्यवाद.
प्रार्थी
प्रकाश अवासिया
E-3316 सुदामा नगर, इंदौर mail - prakash_awasiya @rediffmail.com

We are holding your 165 shares vide folio no. 6006122 in the name of SAVITABEN THAKORLAL SHAH 380002

We have recd your last dividend WARRANT no. 6507
We have lost the original share certificate so Kindly advice us the procedure for duplicate certificate.

Regards

SAVITABEN THAKORLAL SHAH
+91-[protected]
+91-[protected]

Dear sir,

I'm atul kolekar son of shri jk kolekar living in jabalpur ( madhya pradesh)

Sir, i have taken a loan of 2920000 last year 10/03/15 which i have cleared in 30/03/16 . My pnb ( punjab national bank) saving acount no is [protected] from which i have cleared the total loan amount of magma fincorp ltd. The amount that i paid is 2887632 . Loan no is hl/0260/h/13/000040.

Sir, this company told me that after paying the full amount of loan then in after 7 days i can collect my original documents from the company. But it is now 8 days gone but i didn't get my original documents from the respected company residential.Even i also contact the local branch and head office which is located in kolkata to get my papers back to me but there was no response or reaction from them.I also contact the toll free no[protected] but they also didn't response me.

Sir, i have applied another loan request from national bank because the rate of interest is less than as compare to magma fincorp ltd and this is the main reason to closing my loan from magma fincorp ltd because there rate of interest is very high.

Sir, i have arranged the total loan amount from my friends and some by market and i have to pay them in limited time and if i can't return the total money to them then it is a great spoil of my image in front of my society.

Sir, i heartly request you to help me to get my original documents back from the company.
Sir please help me please.

Sir, plz take a strict action towards this company because in future it could be dangerous for many other peoples

Thanking you sir
Regards:-atul kolekar

Sir, I had applied to Magma Finance Allahabad for financing a car and my loan was approved with customer proposal no.- PG/0044/C/12/000334 and they sent a delivery letter Dt-15/10/2013 (Annexure-1) to Ananya 5motors stating conditions and receipts regarding delivery of vehicle. I had paid the money but more than 2 years had passed but the vehicle is still not delivered to me as of 05 March 2016.they also presented few of my cheques and got it cleared without delivering vehicle, their statement showing my down payment and installments is annexed as annexure-2.I had done various correspondences and personally requested them to deliver my vehicle but in vain.I had also sent a notice but they paid no heed and insulted me.Therefore, I request you to kindly look in to my matter and get my vehicle delivered at the earliest, compensate me for mental, physical and financial trouble caused due to it and also punish the guilty.
waiting for your prompt action and reply

Dear Team I have applied for my provident fund almost 3 months back, still i am not aware of this whether my PF application has been processed or not. my PF number is WB/CA/27120/3487. my contact number is [protected]. Email id: [protected]@gmail.com With Regards Parwinder saini Ex Junior relationship manager (Car Loan) Magma fincorp limited

I had purchased a Maruti Omni from the above mentioned co proposal no PG/0011/C/05/000269 at the end of the term when i went there to collect the termination of contract they told me there was an outstanding amount of approx Rs 37,000/- (Thirty seven thousand only). I asked them to provide a break up they told me that a mount of Rs 27,743/- (Twenty seven thousand seven hundred and forty three) was due as insurance premium where as from the...

dear sir,
i m mr. mukesh kumar,MAINE EK 10 WHELER GADI LOAN PE LIYA THA,maine pahle bhi aapke pass ek Complain kiya tha lekin koi replay nahi mila, mera Complain hai kee mujhe MAGMA FINCORP LIMITED ..SE PURA details chahiye jo mangne se nahi diya ja raha hai,mujhe ye janana hai ke,mera RATE OF INTREST,INSURANCE, KYA HAI,JO KEE MUJHE NAHI BATAYA JA RAHA HAI.AUR BAR-BAR EK HI DETAILS DIYA JA RAHA HAI,JO MAIN AAPKE PASS BHEJ RAHA HUN, MAGMA FINCORP LIMITED
Party Ledger as on 08-NOV-10 for the Agreement Code HP/3/0025/JAHJ00810 Serv.Location:DHANBAD
Proposal No:P3/0025/V/JAHJ00810 Old No Div. Name : COMMERCIAL VEHICLES Location Name:JAMSHEDPUR OTS :No

Party Code : S/0025/JA105275 Party Grp :
Party Name : MUKESH KUMAR City : JAMSHEDPUR Locality : SIJUA
Address : QR. NO. 175 TETULMARI ZERO SEAM P.O. SIJUA P.S. TETULMARI DHANBAD Pin : 828121
Tele No. : [protected] Ct. Person: MUKESH KUMAR Dealing Exc.: BROKER
Agr. Date : 05/01/2007 Mob. No.: [protected] Comm Date : 05/02/2007 Party Status: DISBURSED (FULL) CASE: EXPIRED
Agr.Exp.Dt : 04/11/2010 Lt.Rent.Dt: 05/10/2010
Termi Dt:

Cust Prof. : Gua/Cohirer : LALMATI DEVI
Tot Cost : 1099467.00 Fin. Amt. : 1025000.00 Tot Recvl.: 1357515.00 NANDLAL CHOUHAN
Other Finance: 0.00
Mode : M in ADV Pay Term : NON-PDC Outstation : N Loan Suraksha: No
Rentalised : Insurance/ No.of Inst: 45

Sec. Dep. : 0.00 Adv. Inst.(otherthan 1st): 0.00 (0)
Ins. Resp. : C

[protected][protected][protected][protected][protected][protected][protected][pr...⇄
Product Make Model Size Reg. No. Invoice No. Sl.No. Ins.Exp.Date IR Status
[protected][protected][protected][protected][protected][protected][protected][pr...⇄
TRUCK TATA MOTORS LTD LPT 2515 EX,GVW 25T 0 30-DEC-10 Policy Branch Receipt

[protected][protected][protected][protected][protected][protected][protected][pr...⇄
| Voucher | | | | | | |
|[protected][protected]| Cheque | Debit | Receipt | Running | Delay |DPC(C) (M) |
Eff.Date | No. Date | No. | Amount | Amount | Balance | Days | @(3 %) | Remarks
[protected][protected][protected][protected][protected][protected][protected][pr...⇄

05/02/2007 JIR/S3/0025/0105/[protected]/02/2007 30167.00 30167.00 7 211.17 Rental(1)
12/02/2007 BRC/S3/0025/01F[protected] 12/02/[protected] 29000.00 1167.00 21 24.51 Receipt
05/03/2007 JIR/S3/0025/0105/[protected]/03/2007 30167.00 31334.00 5 157.85 Rental(2)
10/03/2007 BRC/S3/0025/01F[protected] 10/03/[protected] 31334.00 6.13 Receipt
05/04/2007 JIR/SG/0025/0105/[protected]/04/2007 30167.00 30167.00 18 550.20 Rental(3)
23/04/2007 JSU/SG/0011/0706/[protected]/07/2007 0 30167.00 4.80 Others
05/05/2007 JIR/SG/0025/0105/[protected]/05/2007 30167.00 30167.00 4 124.49 Rental(4)
09/05/2007 JSU/SG/0011/0706/[protected]/07/2007 0 30167.00 20.05 Others
30/05/2007 JSU/SG/0011/0506/[protected]/05/[protected] 30167.00 -30167.00 6 5.73 Others
05/06/2007 JIR/SG/0025/0105/[protected]/06/2007 30167.00 15.47 Rental(5)
19/06/2007 JSU/SG/0001/0606/[protected]/06/[protected] 30167.00 -30167.00 16 17.68 Others
05/07/2007 JIR/SG/0025/0105/[protected]/07/2007 30167.00 34.14 Rental(6)
04/08/2007 JSU/SG/0001/0806/[protected]/08/[protected] 30167.00 -30167.00 1 1.14 Others
05/08/2007 JIR/SG/0025/0105/[protected]/08/2007 30167.00 36.37 Rental(7)
05/09/2007 JIR/SG/0025/0105/[protected]/09/2007 30167.00 30167.00 2 62.75 Rental(8)
07/09/2007 JSU/SG/0011/0906/[protected]/09/[protected] 5000.00 25167.00 1 26.38 Others
08/09/2007 JSU/SG/0001/0906/[protected]/09/[protected] 25167.00 32.66 Others
05/10/2007 JIR/SG/0025/0105/[protected]/10/2007 30167.00 30167.00 5 157.49 Rental(9)
10/10/2007 CRC/SG/0069/1006/[protected]/10/2007 30170.00 -3.00 26 34.62 Receipt
05/11/2007 JIR/SG/0025/0105/[protected]/11/2007 30167.00 30164.00 Rental(10)
05/11/2007 CRC/SG/0069/1106/[protected]/11/2007 30170.00 -6.00 25 38.09 Receipt
30/11/2007 CRC/SG/0152/1106/[protected]/11/2007 30170.00 -30176.00 5 7.62 Receipt
05/12/2007 JIR/SG/0025/0105/[protected]/12/2007 30167.00 -9.00 31 48.65 Rental(11)
05/01/2008 JIR/SG/0025/0105/[protected]/01/2008 30167.00 30158.00 3 95.33 Rental(12)
08/01/2008 CRC/SG/0152/0106/[protected]/01/2008 30170.00 -12.00 23 37.21 Receipt
31/01/2008 CRC/SG/0152/0106/[protected]/01/2008 30170.00 -30182.00 5 8.09 Receipt
05/02/2008 JIR/SG/0025/0105/[protected]/02/2008 30167.00 -15.00 29 51.00 Rental(13)
05/03/2008 JIR/SG/0025/0105/[protected]/03/2008 30167.00 30152.00 Rental(14)
05/03/2008 CRC/SG/0152/0306/[protected]/03/2008 30170.00 -18.00 31 56.10 Receipt
05/04/2008 JIR/SG/0025/0105/[protected]/04/2008 30167.00 30149.00 2 64.03 Rental(15)
07/04/2008 CRC/SG/0152/0407/[protected]/04/2008 30170.00 -21.00 23 42.91 Receipt
30/04/2008 CRC/SG/0152/0407/[protected]/04/2008 30170.00 -30191.00 5 9.33 Receipt
05/05/2008 JIR/SG/0025/0105/[protected]/05/2008 30167.00 -24.00 31 61.44 Rental(16)
05/06/2008 JIR/SG/0025/0105/[protected]/06/2008 30167.00 30143.00 Rental(17)
38_party_ledger

MAGMA FINCORP LIMITED
[protected][protected][protected][protected][protected][protected][protected][pr...⇄
| Voucher | | | | | | |
|[protected][protected]| Cheque | Debit | Receipt | Running | Delay |DPC(C) (M) |
Eff.Date | No. Date | No. | Amount | Amount | Balance | Days | @(3 %) | Remarks
[protected][protected][protected][protected][protected][protected][protected][pr...⇄

05/06/2008 CRC/SG/0152/0607/[protected]/06/2008 30170.00 -27.00 29 59.26 Receipt
04/07/2008 CRC/SG/0152/0707/[protected]/07/2008 30170.00 -30197.00 1 2.04 Receipt
05/07/2008 JIR/SG/0025/0105/[protected]/07/2008 30167.00 -30.00 31 65.25 Rental(18)
05/08/2008 JIR/SG/0025/0105/[protected]/08/2008 30167.00 30137.00 Rental(19)
05/08/2008 CRC/SG/0152/0807/[protected]/08/2008 30170.00 -33.00 31 67.27 Receipt
05/09/2008 JIR/SG/0025/0105/[protected]/09/2008 30167.00 30134.00 Rental(20)
05/09/2008 CRC/SG/0152/0907/[protected]/09/2008 30170.00 -36.00 29 64.88 Receipt
04/10/2008 CRC/SG/0152/1007/[protected]/10/2008 30170.00 -30206.00 1 2.24 Receipt
05/10/2008 JIR/SG/0025/0105/[protected]/10/2008 30167.00 -39.00 31 71.44 Rental(21)
05/11/2008 JIR/SG/0025/0105/[protected]/11/2008 30167.00 30128.00 Rental(22)
05/11/2008 CRC/SG/0152/1107/[protected]/11/2008 30170.00 -42.00 30 71.27 Receipt
05/12/2008 JIR/SG/0025/0105/[protected]/12/2008 30167.00 30125.00 7 228.00 Rental(23)
12/12/2008 CRC/SG/0152/1207/[protected]/12/2008 30170.00 -45.00 24 53.93 Receipt
05/01/2009 JIR/SG/0025/0105/[protected]/01/2009 30167.00 30122.00 Rental(24)
05/01/2009 CRC/SG/0152/0107/[protected]/01/2009 30170.00 -48.00 31 78.40 Receipt
05/02/2009 JIR/SG/0025/0105/[protected]/02/2009 30167.00 30119.00 Rental(25)
05/02/2009 CRC/SG/0152/0207/[protected]/02/2009 30167.00 -48.00 27 66.81 Receipt
04/03/2009 CRC/SG/0152/0307/[protected]/03/2009 30167.00 -30215.00 1 2.14 Receipt
05/03/2009 JIR/SG/0025/0105/[protected]/03/2009 30167.00 -48.00 30 66.31 Rental(26)
04/04/2009 BRC/SG/0152/0408/[protected]/04/[protected] 30170.00 -30218.00 1 2.21 Receipt
05/04/2009 JIR/SG/0025/0105/[protected]/04/2009 30167.00 -51.00 30 68.37 Rental(27)
05/05/2009 JIR/SG/0025/0105/[protected]/05/2009 30167.00 30116.00 Rental(28)
05/05/2009 CRC/SG/0152/0508/[protected]/05/2009 30170.00 -54.00 31 66.56 Receipt
05/06/2009 JIR/SG/0025/0105/[protected]/06/2009 30167.00 30113.00 Rental(29)
05/06/2009 CRC/SG/0152/0608/[protected]/06/2009 30113.00 63.80 Receipt
05/07/2009 JIR/SG/0025/0105/[protected]/07/2009 30167.00 30167.00 1 32.36 Rental(30)
06/07/2009 CRC/SG/0152/0708/[protected]/07/2009 30170.00 -3.00 30 Receipt
05/08/2009 JIR/SG/0025/0105/[protected]/08/2009 30167.00 30164.00 Rental(31)
05/08/2009 CRC/SG/0152/0808/[protected]/08/2009 30170.00 -6.00 30 Receipt
04/09/2009 CRC/SG/0152/0908/[protected]/09/2009 30170.00 -30176.00 1 Receipt
05/09/2009 JIR/SG/0025/0105/[protected]/09/2009 30167.00 -9.00 30 Rental(32)
05/10/2009 JIR/SG/0025/0105/[protected]/10/2009 30167.00 30158.00 Rental(33)
05/10/2009 CRC/SG/0152/1008/[protected]/10/2009 30170.00 -12.00 31 Receipt
05/11/2009 JIR/SG/0025/0105/[protected]/11/2009 30167.00 30155.00 Rental(34)
05/11/2009 CRC/SG/0152/1108/[protected]/11/2009 30170.00 -15.00 29 Receipt
04/12/2009 CRC/SG/0152/1208/[protected]/12/2009 30170.00 -30185.00 1 Receipt
05/12/2009 JIR/SG/0025/0105/[protected]/12/2009 30167.00 -18.00 31 Rental(35)
05/01/2010 JIR/SG/0025/0105/[protected]/01/2010 30167.00 30149.00 10 301.42 Rental(36)
15/01/2010 CRC/SG/0152/0108/[protected]/01/2010 30167.00 -18.00 21 Receipt
05/02/2010 JIR/SG/0025/0105/[protected]/02/2010 30167.00 30149.00 3 90.42 Rental(37)
08/02/2010 CRC/SG/0152/0208/[protected]/02/2010 30167.00 -18.00 25 Receipt
05/03/2010 JIR/SG/0025/0105/[protected]/03/2010 30167.00 30149.00 Rental(38)
05/03/2010 CRC/SG/0152/0308/[protected]/03/2010 30170.00 -21.00 31 0.58 Receipt
05/04/2010 JIR/SG/0025/0105/[protected]/04/2010 30167.00 30146.00 1 30.17 Rental(39)
06/04/2010 CRC/SG/0152/0409/[protected]/04/2010 30170.00 -24.00 29 Receipt
05/05/2010 JIR/SG/0025/0105/[protected]/05/2010 30167.00 30143.00 Rental(40)
05/05/2010 CRC/SG/0152/0509/[protected]/05/2010 30170.00 -27.00 30 0.59 Receipt
04/06/2010 CRC/SG/0152/0609/[protected]/06/2010 30170.00 -30197.00 1 0.02 Receipt
05/06/2010 JIR/SG/0025/0105/[protected]/06/2010 30167.00 -30.00 30 0.61 Rental(41)
05/07/2010 JIR/SG/0025/0105/[protected]/07/2010 30167.00 30137.00 1 30.16 Rental(42)
06/07/2010 CRC/SG/0152/0709/[protected]/07/2010 30170.00 -33.00 30 Receipt
05/08/2010 JIR/SG/0025/0105/[protected]/08/2010 30167.00 30134.00 Rental(43)
05/08/2010 CRC/SG/0152/0809/[protected]/08/2010 30170.00 -36.00 29 0.61 Receipt
03/09/2010 CRC/SG/0152/0909/[protected]/09/2010 30170.00 -30206.00 2 0.04 Receipt
05/09/2010 JIR/SG/0025/0105/[protected]/09/2010 30167.00 -39.00 30 0.65 Rental(44)
05/10/2010 JIR/SG/0025/0105/[protected]/10/2010 30167.00 30128.00 6 180.90 Rental(45)
11/10/2010 CRC/SG/0152/1009/[protected]/10/2010 30170.00 -42.00 25 0.56 Receipt
08/11/2010 -42.00 4 0.81 Interest
[protected][protected][protected][protected][protected]
38_party_ledger

MAGMA FINCORP LIMITED
[protected][protected][protected][protected][protected][protected][protected][pr...⇄
| Voucher | | | | | | |
|[protected][protected]| Cheque | Debit | Receipt | Running | Delay |DPC(C) (M) |
Eff.Date | No. Date | No. | Amount | Amount | Balance | Days | @(3 %) | Remarks
[protected][protected][protected][protected][protected][protected][protected][pr...⇄


Total Amount: 1357515.00 1357557.00 1182 3813.51
[protected][protected][protected][protected][protected]

Peak Delay = 10 days as on Run Date. Average Delay = 1.75 days as on Run Date.

i) Peak Delay & Average Delay are calculated instalment-wise, whereas Delay Days are calculated on the basis of running balance.

ii) Peak & Average Delay are calculated on the basis of last 12 Instalment (Max) .

iii) Cumulative DPC calculation is net of DPC collection RS. 3609 .
[protected][protected][protected][protected][protected][protected][protected][pr...⇄
Summary of Debits | Summary of total Dues Amount | Debtors For Other Finance Amount | FR Details Amount
| | |
Rentals 1357515.00 | Rentals -42.00 | S/DRS - INITIAL PAYMENT 0.00 | STOCK-ON-HIRE 0.00
Bounce(0) 0.00 | DPC (net of Recd.) 204.51 | S/DRS - INSURANCE 8053.00 | UNMATURED FINANCE CHARGES 0.00
Others(0) 0.00 | CBC (net of Recd.) 0.00 | S/DRS - REGN CHG 0.00 | RENT RECEIVED IN ADVANCE 0.00
| | S/DRS - OTHERS 0.00 | SECURITY DEPOSIT 0.00
Total 1357515.00 | Total 162.51 | S/DRS - REPOSSESSION 0.00 | INTEREST ON SECURITY DEPOSIT 0.00
| | SERVICE TAX 0.00 |
| | S/DRS - CLOSURE 0.00 | Total Amount 0.00
| | REPOSSESSION EXPENSES 0.00 |
| | LEGAL EXPENSES 0.00 |
| | TDS RECEIVABLE (CUSTOMER) 0.00 |

Total Amount 8053.00
[protected][protected][protected][protected][protected][protected][protected][pr...⇄


Run Date: 08/11/2010 Run Time: 16:05:53 User : C02967

Note : CBC is calculated on all BCB & JCB vouchers.
CBC is also calculated on Dr. BPY & JNO vouchers upto 31/03/2003
NZ a/c - GN is not considered in DPC received column

























38_party_ledger
 ( MUKESH KUMAR,[protected],[protected] )

SIR/Madam

This is ramesh Chand worked with Magma Fincorp from Oct 07 to Jan '2010 as a senior executive in credit deptt. I have resigned from your company on dated 30th jan 2010. I want to withdraw my PF.

Pls confirm the process for withdrawal of same.

Details are as under

Name Ramesh Chand
Emp ID 6200
DOJ 24/10/2007
Dept credit
Designation Sr Executive


Best Regards
Ramesh Chand
Cell# [protected]
E-mailId ramesh.[protected]@gmail.com