Protium Finance Business Loan

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 7 November 2024

Protium Finance Business Loan Fees & Charges

Fees & Charges of Unsecured Business Loan

Description	Charges
Processing Fee	Up to 4% of the loan amount
Refund of Processing Fee	Pre Sanction – fee paid less Rs 10,000 as administrative charges
	Post Sanction – Nil
Foreclosure Charges	Borrowers are not allowed to foreclose their loan in the first 12 months of the loan start date. After 12 months, foreclosure charges can go up to 6% of the principal outstanding.

Fees & Charges of Equipment Backed Loans

Description	Charges
Processing Fee	Up to 4% of the loan amount
Refund of Processing Fee	Pre Sanction – fee paid less Rs 10,000 as administrative charges
	Post Sanction – Nil
Application Fees / Initial Money Deposit	Charged from time to time
Foreclosure Charges	Borrowers are not allowed to foreclose their loan in the first 12 months of the loan start date. After 12 months, foreclosure charges can go up to 6% of the principal outstanding.

 Fees & Charges of Property Backed Loans

Description	Charges
Processing Fee	Up to 4% of the loan amount
Refund of Processing Fee	Pre Sanction – fee paid less Rs 10,000 as administrative charges
	Post Sanction – Nil
Application Fees / Initial Money Deposit	Charged time to time
Part Prepayment Charges	Above 1 year of prepayment: (i) No charges levied on prepayment of up to 25% of the outstanding loan amount of the financial year (ii) 5% is charged on the prepayment above 25% of the outstanding loan amount at the beginning of the financial year (Borrowers are not allowed to part prepay loan for the first 1 year)
Foreclosure Charges	Loan foreclosure is not allowed within the first 12 months of availing loan. After 12 months, foreclosure charges can go up to 6% of the principal outstanding.

Other Charges

Loan Cancellation Charges	Rs 10,000 + interest rate from the date of the loan disbursement till the request date for cancellation
Application Fees	Up to Rs 30,000
Legal Charges	At actuals
Asset Verification Charges	At actuals
Demand Draft Charges	At actuals
Cash Collection Charges	1% of the receipt or collected amount
Instalment Repayment Date Change (with no other changes)	Rs 1,000
PDC/ ECS / NACH Bounce Charges (per presentation)	Rs 750
Penal interest	For property-backed loans – 2% p.m. on the instalment overdue
	For others – 3% p.m. on the installment overdue
Foreclosure Letter Issuance Charges	Rs 500
Duplicate NOC	Rs 500
Modification of loan terms after first loan disbursement including re-scheduling of loan repayment conditions, addition or deletion of co-borrower(s), etc	Up to 2% of the outstanding principal amount
Document Retrieval	Rs 1,000

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 15 lakhs

Loan Against Property

Purpose: Protium offers loan against property facility to MSMEs with minimal documentation.

Loan amount: Up to Rs 5 crore

Educational Institutional Finance

Business Loan for Infrastructure Upgrade in Education Institutes

Purpose: Schools can avail Infrastructure Upgrade scheme for financing repairs, new block set-up, maintenance work, new furniture and digital infrastructure for smart classes. This is a secured business loan.

Loan amount: Up to Rs 5 crore

Tenure: Up to 10 years

Working Capital Finance

Purpose: Schools can avail this loan facility to meet their working capital requirements. This is an unsecured loan, and therefore, no collateral is required.

Loan amount: Up to Rs 25 lakhs

Tenure: Up to 3 years

New School Acquisition

Purpose: Protium Finance offers New School Acquisition Facility to individuals planning to acquire a new school.

Loan amount: Up to Rs 5 crore

Tenure: Up to 10 years

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 80% of the cost

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.

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.

Shop Loan Documentation

• Last 6 months of bank account statement.
• Identity proof like PAN card, driver’s license.
• Business PAN Card
• Business documents such as a sole proprietorship declaration.