MagicLoan

MagicLoans: Internal CRM for Home Loan Management

MagicLoans is a proprietary tool developed exclusively for internal use by Magicbricks teams. It enhances communication and collaboration between the Product, Pre-Sales, and Sales teams, ensuring efficient management of home loan leads in a secure and private environment.

Key Features for Internal Use

Centralized Lead Dashboard: A single interface for tracking and managing all home loan leads within the organization.

Lead Assignment System:Efficiently assign leads to team members based on internal protocols, expertise, and availability.
Internal Lead Management: Add, update, and manage leads internally to streamline workflows.

Loan Disclosure Information
Minimum and Maximum Period for Repayment:
Minimum Repayment Period: 10 years
Maximum Repayment Period: 30 years
Maximum Annual Percentage Rate (APR):
Maximum APR: 20%

Representative Examples of Loan Cost:
Example 1 (Minimum Period): For a loan of ₹10,00,000 with a 10-year tenure at 10% APR, the total cost of the loan would be ₹15,86,070. This includes the principal amount of ₹10,00,000 and interest of ₹5,86,070, payable in monthly installments of ₹13,217.
Example 2 (Maximum Period): For a loan of ₹10,00,000 with a 30-year tenure at 10% APR, the total cost of the loan would be ₹34,94,230. This includes the principal amount of ₹10,00,000 and interest of ₹24,94,230, payable in monthly installments of ₹9,706.

Disclaimer
MagicLoans is strictly intended for use by Magicbricks employees. It is not a consumer-facing application and does not facilitate loan applications, approvals, or disbursements. No customer data is solicited or accessible through this app, and its sole purpose is to support internal operations.
Compliance

We understand and respect Google Play’s policies and confirm that MagicLoans complies with all local and regional regulations.

Recent changes:
Bug Fixes