Protinum Finance Ltd. provides business loans starting at an interest rate of 1.5% per month for loan amounts up to Rs 5 crore and repayment periods of up to 10 years. These loans can be used for various purposes such as business expansion, working capital, purchasing equipment and machinery, and more. Borrowers can choose from different credit facilities including Line of Credit/Overdraft (OD), Term Loan, Merchant Cash Advance, and Invoice Financing. Additionally, Protinum Finance Ltd. offers business loans specifically tailored for educational institutions to support infrastructure upgrades, acquisition of new schools, and financing working capital needs.
Highlights of Protium Finance Business Loan |
|
|---|---|
| Interest Rate | Starts from 1.5% per month |
| Processing Fee | Up to 4% of the loan amount |
| Loan Amount | Up to Rs 5 crore |
| Tenure | Up to 10 years |
*Terms and conditions apply.
| Table of Contents | ||
|---|---|---|
| Protium Finance Business Loan Interest Rates | ||
| Fees & Charges | ||
| Types of Business Loans provided by Protium Finance | ||
| Eligibility Criteria | ||
| Documents Required | ||
| Loan Variants | Interest Rates (p.a.) |
|---|---|
| MSME/Business Finance | 1.5% per month onwards |
Also read: Best Business Loan Interest Rate
Fees & Charges of Unsecured Business Loan
| Description | Charges | |
|---|---|---|
| Processing Fees | Up to 4% of the loan amount | |
| Foreclosure Charges | You can't pay off your loan in the first year. After a year, if you want to pay it off early, you might be charged up to 6% of the remaining amount. | |
| Refund of Processing Fee | Pre Sanction – fee paid less Rs 10,000 as administrative charges | |
| Post Sanction – Nil | ||
| 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 | |
| Foreclosure Letter Issuance Charges | Rs 500 | |
| Duplicate NOC | Rs 500 | |
| Asset Verification Charges | At actuals | |
| Demand Draft Charges | At actuals | |
| Cash Collection Charges | 1% of the receipt or collected amount | |
| Document Retrieval | Rs 1,000 | |
| 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 | ||
| 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 | |
Also read: Best Business Loan EMI Calculator
Purpose: Protium provides a loan against property facility for MSMEs with minimal documentation requirements.
Loan Amount: Up to Rs 5 crore
Purpose: Protium Finance gives loans to small and medium businesses like shops, factories, and service providers. They also offer special loans for hotels, restaurants, travel agencies, shops, and online businesses.
You can apply for a loan online to buy equipment, expand your business, renovate, hire new staff, or do marketing. They offer different types of loans like overdraft, term loans, cash advances, and invoice financing.
Loan amount: Up to Rs 30 lakhs
Purpose: Schools can use this loan facility to cover their day-to-day operational expenses. It's an unsecured loan, meaning schools don't need to provide any collateral to secure the loan.
Loan amount: Up to Rs 25 lakhs
Tenure: Up to 3 years
Purpose: Protium Finance provides a "New School Acquisition Facility" for individuals who are looking to acquire a new school.
Loan amount: Up to Rs 5 crore
Tenure: Up to 10 years
Business Loan for Infrastructure Upgrade in Education Institutes
Purpose: Schools can access the "Infrastructure Upgrade Scheme" to finance repairs, set up new blocks, perform maintenance work, purchase new furniture, and invest in digital infrastructure for smart classrooms. This loan requires collateral, making it a secured business loan.
Loan amount: Up to Rs 5 crore
Tenure: Up to 10 years
Purpose: Individuals can use this facility to finance their purchases of equipment and machinery. The loan is primarily aimed at helping people buy machinery. The main industries targeted by this product are light engineering, food processing, material handling, plastic/injection molding, packaging, printing, extrusion, woodwork accessories, and gensets.
Loan amount: Rs 10 lakh to Rs 3 crore
Tenure: Up to 10 years
LTV: Up to 80% of the cost
Also read: Best Business Loan Eligibility
Business Loan Documentation
E-Commerce Business Loan Documentation
Shop Loan Documentation
Also Read : Best Business Loan Documents Required
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