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Magma Housing Finance
4.4
based on 150 Reviews
Company Overview
Company Locations
Working at Magma Housing Finance
Company Summary
Magma Housing Finance specializes in offering home loans, targeting the rural populace to facilitate access to housing finance and address housing needs.
Overall Rating
4.4/5
based on 150 reviews
15% above
industry average
Highly rated for
Job security, Skill development, Work satisfaction
Work Policy
Monday to Saturday
53% employees reported
Flexible timing
61% employees reported
Within city
63% employees reported
Day shift
98% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
8 employees reported
Job/Soft skill training
5 employees reported
Cafeteria
3 employees reported
Professional degree assistance
2 employees reported
View all benefits
About Magma Housing Finance
Founded in1989 (36 yrs old)
India Employee Count5k-10k
Global Employee Count5k-10k
India HeadquartersKolkata, West Bengal, India
Office Locations
--
Websitemagmahfc.co.in
Primary Industry
Other Industries
--
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Since the commencement of the legacy in 1989, Magma has been driven by one single goal, investing in the smallest dream. We understand your dream and aim to be a stepping stone in realizing it, by providing home loans to help you create your very own dream home!A home loan every minute means a million lives touched every year. Today, we manage assets worth over Rs. 160 billion, yet for us this is just a humble beginning.Over 60% of the Indian population resides in rural areas. Our goal is to reach the household of every Indian at the grassroot level and turn it into a dream home. Consequently, more than 80% of our 270+ branches are located in semi-urban and rural India. Our 6900+ dedicated Magmaites promise unmatched support and guidance in procuring a home loan. This, along with an experience of over 25 years, has enabled us to serve the large masses that remain impervious to the traditional financial systems.
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Magma Housing Finance Ratings
based on 150 reviews
Overall Rating
4.4/5
How AmbitionBox ratings work?
5
83
4
37
3
14
2
4
1
12
Category Ratings
4.1
Job security
4.1
Skill development
4.0
Work satisfaction
3.9
Company culture
3.9
Work-life balance
3.8
Salary
3.8
Promotions
Magma Housing Finance is rated 4.4 out of 5 stars on AmbitionBox, based on 150 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Magma Housing Finance Reviews
Top mentions in Magma Housing Finance Reviews
+ 5 more
Compare Magma Housing Finance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.4/5 based on 150 reviews | 3.9/5 based on 38.5k reviews | 4.0/5 based on 407 reviews | 3.8/5 based on 2.2k reviews |
Highly Rated for | Skill development Job security Work satisfaction | Job security Skill development | Job security Salary Skill development | No highly rated category |
Critically Rated for | No critically rated category | Promotions | No critically rated category | Promotions |
Primary Work Policy | - | Work from office 85% employees reported | Work from office 78% employees reported | Work from office 90% employees reported |
Rating by Women Employees | 4.2 Good rated by 6 women | 3.7 Good rated by 7.9k women | 4.1 Good rated by 67 women | 3.5 Good rated by 307 women |
Rating by Men Employees | 4.4 Good rated by 133 men | 3.9 Good rated by 28.6k men | 4.0 Good rated by 302 men | 3.8 Good rated by 1.7k men |
Job security | 4.1 Good | 4.0 Good | 4.0 Good | 3.4 Average |
View more
Magma Housing Finance Salaries
Magma Housing Finance salaries have received with an average score of 3.8 out of 5 by 150 employees.
Relationship Manager
(100 salaries)
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₹2.4 L/yr - ₹5.2 L/yr
Sales Manager
(22 salaries)
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₹3.6 L/yr - ₹10.4 L/yr
Branch Credit Manager
(22 salaries)
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₹4.7 L/yr - ₹12.5 L/yr
Technical Manager
(17 salaries)
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₹3.4 L/yr - ₹7.5 L/yr
Credit Manager
(14 salaries)
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₹3.5 L/yr - ₹10.5 L/yr
Credit Analyst
(13 salaries)
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₹3 L/yr - ₹3.8 L/yr
Senior Sales Executive
(11 salaries)
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₹2 L/yr - ₹4 L/yr
Branch Sales Manager
(9 salaries)
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₹6 L/yr - ₹8.5 L/yr
Assistant Credit Manager
(7 salaries)
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₹3.8 L/yr - ₹5.6 L/yr
Area Sales Manager
(7 salaries)
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₹7.8 L/yr - ₹12 L/yr
Compare Magma Housing Finance with
Piramal Capital Housing Finance
4.2
PNB Housing Finance
3.8
Can Fin Homes
2.9
GIC Housing Finance
3.9
Repco Home Finance
3.8
L&T Finance
3.9
Edelweiss
3.9
Bajaj Finserv
4.0
Wells Fargo
3.9
JPMorgan Chase & Co.
4.0
Motilal Oswal Financial Services
3.7
ICICI Securities
3.9
Aditya Birla Capital
3.9
Bajaj Capital
3.8
The Muthoot Group
3.6
Sharekhan
3.9
Nippon Life India Asset Management
4.6
Religare
3.7
Satya MicroCapital
3.7
Shriram Housing Finance
3.9
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Magma Housing Finance FAQs
When was Magma Housing Finance founded?
Magma Housing Finance was founded in 1989. The company has been operating for 36 years primarily in the Financial Services sector.
Where is the Magma Housing Finance headquarters located?
Magma Housing Finance is headquartered in Kolkata, West Bengal.
How many employees does Magma Housing Finance have in India?
Magma Housing Finance currently has more than 9,500+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Magma Housing Finance based on the number of reviews submitted on AmbitionBox.
Does Magma Housing Finance have good work-life balance?
Magma Housing Finance has a Work-Life Balance Rating of 3.9 out of 5 based on 100+ employee reviews on AmbitionBox. 80% employees rated Magma Housing Finance 4 or above, while 20% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Magma Housing Finance work-life balance reviews for more details
Is Magma Housing Finance good for career growth?
Career growth at Magma Housing Finance is rated fairly well, with a promotions and appraisal rating of 3.8. 80% employees rated Magma Housing Finance 4 or above, while 20% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Magma Housing Finance reviews for more detailed insights.
What are the pros of working in Magma Housing Finance?
Working at Magma Housing Finance offers several advantages that make it an appealing place for employees. The company is highly rated for job security, skill development and work satisfaction, based on 100+ employee reviews on AmbitionBox.
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