Magma Fincorp Ltd

Magma Fincorp Ltd Complaints & Reviews

Magma Fincorp Ltd — auto loan given to other person on my documents and name

 ashokrawat81 on Jul 31, 2018
Dear Sir,
My name is Ashok Kumar. Here i want to tell you that yesterday i came to know that i have taken auto loan from Magna Fincop Ltd while i did not take any loan from this bank but it is showing on my name. I have cibil score report. Magma bank given auto loan to a unknown person with below details:-

Bank-Magma
Account No-PG/0179/C/12/000357
Loan Amount-368447
Loan Open Date-31/07/2013
Loan Close Date-30/06/2018

It is very unethical and illegal. It is spoiling my image and reputation. Its totally cheating with common people...
Complaint comments  Read comments Complaint category Banks

Magma Fincorp Ltd — regarding loan/excess roi/excess overdue interest-magma fincorp

 amit garg82 on Sep 7, 2017
We have taken loan from magma fincorp ltd. Loan account no. Hl0039/hlhe00000545. It was home loan and company has been charged 22.5 % roi which are very huge roi against normal home loan roi. They has been charged overdue rate of interest as 2.5% per day. Which are also very huge. They have written 2.5% per month on day wise calculation but has been charged 2.5% per day. I has been complain many time on their customer care number and send written letter also on their company address but not provided any solution.
Complaint no 29.07.2017 – [protected]
Conplaint no 04.09.2017 –...
Complaint comments  Read comments Complaint category Loans

Magma Fincorp Ltd — Not getting PF amount

 Rudra Paul Abhijit
Inspite of application for withdrawal of my pf after 2 months of my last working day, now after receiving the form they are saying i have to wait for another 2/3 months.

They have not submitted the pf withdrawal form to epfo till date.

Firstly they are saying they don't have the pf trust and subsequently their senior manager saying they have the pf trust.

Everything they are giving new excuses.

Now a days everything in epf become online and it only takes 6/7 days for processing the pf.

So request you to please look into the...
Complaint comments  Read comments Complaint category Employees

Magma Fincorp Ltd — Magma submitted my cheques after loan termination without my authorization

 alexka8083
Customer name: alex k a ( kadeparambil antony alex)
Magma fincorp ltd, kochi

Contact number : [protected]

Loan number/ proposal number: pg/0119/c/13/000400

Dear sir,

Here is my vehicle account details:
Registration number: kl 43 g 8083
Vehicle: eon dlite +

I had taken a loan from magma fincorp ltd, kochi, kerala and i was unable to pay the last few installments due to my poor financial condition. I had then surrendered my vehicle kl 43 g 8083 to magma fincorp ltd, kochi, kerala. The vehicle was then...
Complaint comments  Read comments Complaint category Loans

Magma Fincorp Ltd — increased rate of interest without taking consent for housing loan

 mahatmaone
Respective authority,

We already sent detailed mail on Date: Thu, 19 Jun 2014 22:07:19 +0530 covering issue subject to the higher rate of interest than committed in the housing loan proposal.

Again same mail for your ready reference mentioned below kindly look and revert as soon as possible.

Regards,

Harnarayan soni


Dear Magma Fincorp. / GE country wide team,

Pursuant to your mail, firstly we wish to draw you kind attention for failed commitment from your side not arranging even a single call or...
Complaint comments  Read comments Complaint category Loans

Magma Fincorp Ltd — PROVIDENT FUND

 tarsemgill
MY SELF IS TARSEM SINGH S/O JAGGA SINGH R/O VPO MEHTA DISTT: BATHINDA STATE PUNJAB I WAS WORKING IN MAGMA CONVERGE SOLUTION LTD(A PART OF MAGMA FINCORP LTD) IN PERSONAL LOAN BRANCH BATHINDA FROM 08/11/2005 I LEFT THE JOB BUT MY PF PENDING IN COMPANY I SUBMIT ALL DOCS REGARDING PF LAST SEVEN MONTH IN MAGMA OFFICE BUT MY PF PAYMENT NOT RECIEVE ME OR NOT ANY RESPONCE FROM MAGMA EMP


TARSEM SINGH
EMP NO-M00287
PF NO-WB/CA/42155/208...
Complaint comments  Read comments [6]Complaint category Business & Finances

Magma Fincorp Ltd — very higher late payment interest and noc not releasing

 Mandheer Anand
TO , Date 20/09/11
MAGMA FINCORP LTD
RAM NAGAR , NAGPUR M.H
SUBJECT :- NOC REQUEST LETTER OF VEHCLE NO MH31CR-5101 NAME JASPREET KAUR ANAND
CONTRACT NO PG/0103/C/07/000276

RESP SIR/MADAM ,
THIS IS INFORN YOU THAT I HAVE PAID FULL INSTALLMENTS OF ABOVE MENTION SUBJECT BUT SIR I HAVE STILL NOT RECIVED NOC FROM YOUR END .TODAY I HAVE TAKEN LEGER STAEMENT OF MY A/C BY PAYING TWO HUNDRED RUPESS IN THAT RS 29581 IS OUTSTANING IS SHOWN .I HAVE TOLD THAT THE AMOUNT WHICH IS SHOWN IS...
Complaint comments  Read comments Complaint category Loans

Magma Fincorp Ltd — pf setlement

 sheminson jack
Respected sir,

iam sheminson jack emp code-5084,iam joined in 18 dec 2006,resigned in this firm-25 dec 2008 pf a/c no-wb/ca/27120/4141,location-cochin.All pf withdrawal foam are submitted in cochin hr executive merlin in same month.but the foams complaince indicated in after 2 month,then i submitted in new foam in again.After the resigning iam under the ayurveda medical treatment,finanicaly very weak.iam submited pf withdrawal foams again,I TOTALY SUBMITTED 4 TIMES.Many pepole are resigned in this firm this co. procegures are very bad and irresponsible company.One...
Complaint comments  Read comments [1]Complaint category Credit Cards

Magma Fincorp Ltd — No communication / very unprofessional

 Gurdei Devi
After our loan being transfered ICICI to Magma Fincorp the staff were very threatning and unprofessional so we decided to pay our loan off as the hassle of the company were not worth the stress,(Our bank manager was even verbally abused by them). After paying of the remainder of the loan they have not sent us conformation that now the vehicle belongs to us ,after asking for the second key to the vehicle we have been refused as we have no conformation from Magma this has been going on since the 30/11/2009.We have phoned on the 2 numbers they have and there is never any answer if there is it automaticaly...
Complaint comments  Read comments Complaint category Auto Insurance & Loan

Magma Fincorp Ltd — epf detail

 vipendra kumar mishra
Dear Sir,
Pls give me detail of my EPF amount .

Thanks & regards,
Vipendra Kumar Mishra...
Complaint comments  Read comments [1]

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