Protium Business Loan: Key Details

Loan AmountFrom Rs 50,000 to Rs 35 Lakh
Rate of InterestStarting from 16% p.a.
Repayment Tenure1 to 3 Years
Processing FeeStarting from 1% 

Key Features & Benefits of Protium Business Loan

  • Protium business loan proceeds can be utilised for various business-related purposes including purchasing machinery and equipment, working capital finance, invoice financing, upgradation of existing infrastructure, etc. 
  • Protium Finance Ltd has widened its service base to more than 5,000 PIN codes, thereby maximising the outreach of credit facilities to underserved and new-to-credit customers. 
  • Protium loan is available to most of the businesses under Micro, Small and Medium Enterprise (MSME) framework, irrespective of the nature of operations. Retailers, traders, restaurants, e-commerce enterprises, service providers, hotel operators and travel agents. 
  • Protium business loans are collateral-free loans without any hidden charges. Customers can avail quick credit in just three steps which includes filling in the personal details, updating your latest bank statements and completing KYC and eNACH.

Documents Required for Protium Business Loan

  1. In order to secure a Protium business loan from Protium Finance Ltd, a customer is required to furnish a handful of necessary documents including a PAN and an Aadhaar. 
  2. As a business unit, the firm should have proof of registering the business and government-validated documents that can act as proof of address for the business owner, as well as for the enterprise. 
  3. A copy of the latest income tax return is required for a business loan over a loan amount of Rs 15 lakh, while a 9-month bank statement of the firm’s account is needed irrespectively.

Eligibility Conditions for Protium Business Loan

Minimum Business TurnoverRs 10 Lakh p.a.
Age of the Applicant22 to 60 years
Credit ScoreOver 650
Impaired Loans HistoryCustomer should not have more than one 90+DPD in last 36 months
Average Daily Bank BalanceRs 5,000
Type of CompanyProprietorship Firm, Partnership Firm, Limited Liability Partnership, Private Limited Companies

Fees & Charges for Portium Business Loan

Foreclosure ChargesProtium Finance charges up to 6% of the principal outstanding amount as a foreclosure fee. However, no foreclosure is not allowed for Protium business loans within the first 12 months of availing loan.
Loan Cancellation ChargesA fee of Rs 10,000 is levied on loan cancellation. Over and above this, Protium Finance also collects the interest amount accrued from the date of the loan disbursement till the date of loan cancellation.
Cash Collection ChargesRepayment of loan in cash attracts an additional fee of 1% of the receipt or collected amount.
Modification of Loan TermsIn order to modify the terms of the Protium business loan, the financial services firm can charge up to 2% of the outstanding principal amount.
Late Payment PenaltyAll deferred and missed repayments, Protium Finance charges a fee of 2-3% per month of the overdue installment amount.
PDC/ ECS / NACH Bounce ChargesPayments disobeyed through a post-dated cheque (PDC), National Automated Clearing House (NACH) and Electronic Clearance Service (ECS) attract a penalty of Rs 750.

Protium Business Loan Customer Care

All the Protium business loan customers can contact the customer care of Protium Finance Ltd on the customer support toll-free number 18008432466 or at wecare@protium.co.in. Alternatively, the customers can also contact Protium Finance Ltd at +91-8828820004 or customerservice@protium.co.in.

Protium Finance Ltd Mumbai Office Address: 7th Floor, Block B2, Phase – I, Nirlon Knowledge Park, Pahadi Village, Off. Western Express Highway, Cama Industrial Estate, Goregaon(E), Mumbai, Maharashtra 400063. 

Protium Finance Ltd Bengaluru Office Address: 244, 2nd Floor, Fortune Summit IT Park, Hosur Rd, Muneswara Nagar, Roopena Agrahara, Sector 6, HSR Layout, Bengaluru, Karnataka 560068

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Get Kotak Mahindra Bank Business Loan up to Rs. 2 Crore online at interest rate starting from 16% p.a.


What is the rate of interest in Protium Finance?


The rate of interest on Protium business loans begins from 16%. The applicable interest rate for different loans can vary on the basis of different customer profiles, distinct company financials, age of the applicant and the type of company.

What type of businesses are eligible for Portium Loan?


All firms under the corporate framework of Proprietorship Firm, Partnership Firm, Limited Liability Partnership and Private Limited Companies are eligible for Protium business loan.

What is the maximum tenure for a Protium Business loan?


The maximum repayment tenure for Protium business loans is up to 3 years.

How can I pay my Protium EMI online?


The EMIs for Protium business loans can be paid online by clicking on the Pay Now button through its webpage or mobile application. The borrower is required to validate the identity by requesting an OTP on the registered mobile number.