Protium Business Loan is tailored for entrepreneurs and small enterprises and is your key to discovering the potential of your business aspirations. Protinum offers business loans at an interest rate of 1.5% per month onwards for loan amounts up to ₹30 lakhs and for tenures of up to 24 months.
You can use the Protium loans to finance your business expansion, working capital, equipment and machinery purchases, etc. You can also access credit facilities such as Line of Credit/Overdraft (OD), Term Loan, Merchant Cash Advance, and Invoice Financing.
So why wait? Empower your business with Business Loan today!
Protium Business Loan Details
Explore the diverse financing solutions tailored for your business needs with Protium Business Loans. From term loans to specialized options like e-commerce and hotel loans, Protium offers a variety of financial solutions. To know more, given below are the details of how to discover the right financing option for your business.
| Interest Rates | Starts from 1.5% per month |
| Loan Amount | Up to ₹30 Lakhs |
| Tenure | Up to 24 months |
Protium Business Loan Interest Rates, Fees & Charges
Get competitive interest rates, straightforward fees, and charges aligned with your business needs. Here is an overview of interest rates and charges for Protium loans:
| Interest Rate | 1.5% per month onwards |
| Processing Fee | Up to 2% of the loan amount |
| Foreclosure Charges | Up to 6% of the principal outstanding. |
Protium Business Loan Eligibility Criteria
Protium Business Loan opens doors to entrepreneurial aspirations, and to step through, one must meet specific goals. Let's explore the eligibility criteria to secure the financial support your business deserves.
Must be a sole proprietor business
Maintain a bank account, either current or savings, with options for net banking or ePDF.
Maintain a current and savings bank account.
Ensure access to a mobile number linked to your Aadhar for verification.
Provide proof of address for both your current residence and business location.
Demonstrate at least 1 year of business proof preceding the loan application.
Documents Required for Protium Business Loan
It's important to understand the documentation needed to streamline the application process. Let's get into the specifics of the required documents for your business loan with Protium.
PAN Card: furnish your PAN Card for individual and business identification.
Aadhar Card: provide your Aadhar Card, linked to the business for verification purposes.
Proof of Business Registration: submit documentation confirming the legal registration of your business.
Address Proof of Self and Firm: supply proof of address for both personal and business locations.
Last 9 Months Bank Statement: present the most recent nine months' bank statements for financial assessment.
Latest ITR for Loans Above Rs 15 Lakhs: for loans exceeding Rs 15 lakhs, submission of the latest Income Tax Return (ITR) is mandatory.
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Calculate EMI For Protium Business Loan
Prior to applying for a Protium Business Loan, it is crucial to evaluate your Equated Monthly Instalment (EMI) to ensure you align with your budget. A practical method for achieving this is by employing a business loan EMI calculator, facilitating the estimation and optimization of your loan.
Easily compute your EMI using the an online EMI Calculator. Just input the loan amount, interest rate, and tenure, and the calculator will furnish the accurate monthly instalment. This user-friendly tool adds value to your financial planning, effortlessly.
Compare Protium Business Loans Over Other NBFCs
Discover the ideal solution for your financial requirements by comparing Protium loan and other NBFCs for a business loan. The following details will assist you better,
| Top Business Loan NBFCs | Interest Rate (p.a.) |
|---|---|
| Protium | 18% onwards |
| Lendingkart | 12% onwards |
| Bajaj Finserv | 9.75% onwards |
| Flexiloans | 12% onwards |
| HDB Financial Services Ltd. | Up to 36% |
| Indifi | 18% onwards |
| Mcapital | 24% onwards |
| NeoGrowth Finance | 18% onwards |
| Tata Capital | 12% onwards |
| Aditya Birla Capita | 14% onwards |
| InCred | 12% onwards |
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Note: The interest rates mentioned above are subject to change at the lenders' discretion.Features & Benefits of Protium Business Loan
Enjoy a range of exclusive features and benefits that come with a Protium Business Loan:
5 Minutes Disbursal
Get Business loan upto ₹30 Lakhs
Superfast Loan Processing
Get your loan disbursed in 3 days.
Zero Hidden Cost
No hidden charges applied for your loan
Low Interest Rates
Interest rates starting from 1.5%p.m.
Extended Laon Tenure
Choose your tenure up to 10 years
Zero Colleteral
No collateral required for personal loans.
Types of Protium Business Loans
Protium offers a range of business loans, each designed to address specific requirements. Whether it's for operational flexibility, working capital, or strategic expansion, businesses can choose from an array of financing options. This flexibility ensures that Protium's customers can access tailored financial support for their enterprises forward. Let's explore the diverse business loans provided by Protium to meet the evolving needs of entrepreneurs.
Term Loans:
Flexible loans for various business expenses.
Loan amount is determined based on eligibility.
Interest rates start at 6% per annum.
Quick disbursal within 3 business days.
Line of Credit/OD Facility:
Credit line with interest charged only on the utilized amount.
Repayments can be made at any time.
Available for businesses over 1 year old with GST returns filed for at least 1 year.
Invoice Financing:
Instant funds for businesses awaiting client payments.
Invoice Receivables act as collateral.
Loan amount based on the value of outstanding invoices.
Merchant Cash Advance:
Suitable for businesses with significant card transactions.
Receives funds in exchange for a percentage of future profits.
E-commerce Business Loan:
Assists small businesses and e-commerce sellers.
Funding for sales boost, procurement, logistics, and working capital needs.
Quick process with funds available in 3 business days.
Hotel or Restaurant Loan:
For entrepreneurs and hotel owners.
Eligible for hotels operational for more than 1 year.
Submission of business and income documents required.
Shop Loan:
Ideal for retail shops like grocery, clothing, and medical stores.
Minimum turnover requirement of Rs.50,000.
Shops should be operational for at least 18 months to qualify.
How Do You Apply for Protium Business Loans with Buddy Loan?
Follow these steps to apply for a Protium Business Loan online on Buddy Loan:
Step 1 - Visit buddyloan.com or Download & installBuddy Loan app.
Step 2 - Fill out the application form, including the loan amount, the tenure in months, and contact details.
Step 3 - Fill out the following personal details where required:
- Email Address
- Employment Type : Salaried/ Self-Employed
- Company Type
- Industry Type
- Current Company Name
- Company Address
- Year of Employment
- Net Income
- Mode of Salary
- PAN Card Details
- Full Name (As Per Pan Card)
- Current Address with PIN Code
- Mobile Number
Step 4 - Submit the details & wait for the loan confirmation.
Ready to take next step ?
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Frequently Asked Questions
Protium Business Loan is a flexible financing solution for businesses, offering various types of loans to address specific business needs.
Apply online through Protium's website or contact their representatives for the application process.
Criteria include a minimum business operational period, promoter's age (24 years or older), and filing GST returns for at least 1 year.
Various businesses, including e-commerce, hotels, restaurants, and retail shops, are eligible based on specific loan types.
Loan amounts vary based on business needs and eligibility, with specific minimum and maximum limits for each loan type.
Interest rates start at 6% per annum, with both floating and fixed rate options available.
Repayments are flexible, and for certain loans like Line of Credit, businesses are charged interest only on the utilized amount. Repayments can be made at any time.
Yes, KYC documents, business documents, and other relevant paperwork are required for the loan application.
Repayment terms vary by loan type. Term loans, for example, have flexible repayment terms, while specific criteria apply to others, such as the minimum operational period for hotel loans or shop loans.
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