| Highlights of Protium Finance Business Loan | |
| Interest Rate | Depends on the applicant’s credit profile |
| Loan Amount | Up to Rs 5 crore |
| Tenure | Up to 10 years |
| Processing Fee | Up to 4% of the loan amount |
Note: Updated as of 18 March 2025
Protium Finance Business Loan Fees & Charges
| Description | Charges |
| Processing Fee | For Unsecured Business Loans: Up to 7% of the loan amount;
For Equipment Backed Loans: Up to 4% of the loan amount; For Property Backed Loans: Up to 4% of the loan amount |
| Application Fees | For Unsecured Business Loans: Up to Rs 30,000;
For Equipment Backed Loans: Up to Rs 75,000 For Property Backed Loans: Up to Rs 30,000 |
| Part Prepayment/Foreclosure Charges | 5% of principal outstanding |
| Legal Charges/Stamp Duty Charges | At actuals |
| Asset Verification Charges | Up to Rs 1,000 per asset |
| Cheque/NACH Bounce Charges (per presentation) | For loan amount up to Rs 10 lakh: Rs 1,000
For loan amount above Rs 10 lakh: Rs 2,000 |
| Loan Cancellation Charges | Rs 10,000 + interest rate from the date of disbursement till date of request for cancellation |
| Delayed Instalment Payment Charges | 3% p.m. on the instalment overdue |
| Modification of loan terms after first disbursement including but not limited to addition/ deletion of co-borrower(s), re-scheduling of loan repayment terms, etc. | Upto 2% of outstanding principal amount |
| Cash Collection Charges | 1% of the receipt or collected amount |
| Repayment Instrument Swap Charges | Rs 1,000 |
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Types of Protium Finance Business Loan
Business Finance
Purpose: Protium Finance offers unsecured business loans to Micro, Small and Medium Enterprises (MSME) engaged as manufacturers, traders, service providers, and retailers. The NBFC also offers customised loans for hotels, restaurants, travel agents, retailers, and eCommerce businesses.
Prospective borrowers can use the lender’s integrated online application process to finance their equipment purchases, business expansion, renovation, new staff hiring and marketing activities. The types of credit facilities offered through Protium Finance include Line of credit/Overdraft (OD), Term loan, Merchant Cash Advance and Invoice Financing loan solutions.
Loan amount: Up to Rs 50 lakh
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Loan Against Property
Purpose: Protium offers loan against property facility to self-employed professionals and business owners whose business has been operational active for at least 3 years.
Loan amount: Up to Rs 5 crore
LTV Ratio- 80% of the property value
Educational Institutional Finance
Purpose: Schools (Kindergarten to 12th Grade) and colleges (Nursing, B.Ed, Pharma, Veterinary) can avail Educational Institutional Finance Funding for expansion, modernization/upgradation of existing facilities and addition of new infrastructure.
Loan amount: Rs 25 lakh to Rs 5 crore
Tenure: Up to 10 years
Collateral: School/Commercial/Residential
Equipment & Machinery Finance
Purpose: Individuals can avail of this facility for financing their equipment and machinery purchases. First charged on machinery purchased through this loan. The key focus segments of this product include light engineering, food processing, material handling, plastic/injection moulding, packaging, printing, extrusion, wood-work accessories and gensets.
Loan amount: Rs 10 lakh to Rs 3 crore
Tenure: 1 to 5 years
LTV: Up to 85% of the asset cost
Collateral: First charged only on the machinery funded
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Eligibility Criteria for Availing Protium Business Loan
Business Finance
- Business should be sole proprietorship
- Applicant have a bank account (current and savings), net banking or ePDF
- Applicant should have Aadhar linked with mobile number
- Applicant should have valid Proof of Address for current residence and business
- Business should be in operation for a minimum 1 year before the loan application.
Loan Against Property
- Self-employed professionals/business owners i.e., traders, manufacturers, distributors, wholesaler and service provider.
- Business has been operational and active for at least 3 years.
- Eligible property types considered for availing LAP – Residential, Commercial, Industrial properties, Hotels, Hospitals, Warehouses, Cold Storage Facility, PGs, School properties, Industrial properties.
Documents Required for Protium Business Loan
Business Loan Documentation
- Pan Card
- Aadhar Card
- Proof of Business Registration
- Address proof of self and firm
- Last 9 months bank statement
- Latest ITR is required for loan above Rs 15 lakhs
E-Commerce Business Loan Documentation
- KYC documents of your organization & business registration proof.
- GGST certificate mandatory & latest GST filing
- Bank account statements of the past 6 months.
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