Protium Business Loan Interest Rates

Business loans are offered with flexible tenure options, allowing you to customise the repayment schedule based on your business's financial requirements. With a Protium Business Loan, you can access the funds you need at competitive interest rates starting from 20.50% per annum. However, the exact interest rate you qualify for depends on a range of factors, including your credit profile, business performance, and prevailing market conditions.

Getting a clear understanding of these factors can help you secure the most suitable rate for your business needs.

Here are the interest rates and other details of a Protium Business Loan:

Here are the fees and charges applicable for a Protium Business Loan:

*Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.

An EMI calculator is an online tool available for free, designed to help you determine your monthly instalments, total interest payable, and overall loan cost. By using this, you can plan your repayment before applying for a loan, ensuring that it aligns with your budget and financial goals.

Let’s understand with an example. Suppose you take a Protium Business Loan of ₹35 Lakhs at an annual interest rate of 20.50% with a tenure of 36 months, here’s a detailed breakdown of the EMI across different tenure options:

There are several factors that influence the interest rate offered on a Protium Business Loan. Some key elements include:

• Loan Amount

Larger loan amounts may carry higher interest rates due to the increased risk for the lender. It’s essential to borrow an amount that aligns with your repayment capacity to avoid unnecessary financial strain.

• Credit Score

A high credit score indicates financial responsibility and lowers the perceived risk for lenders, often resulting in better interest rates. Conversely, a lower credit score might lead to higher rates.

• Repayment Tenure

Shorter repayment periods usually attract lower interest rates, as they reduce the lender’s risk. However, shorter tenures come with higher EMIs, so it’s important to find a balance between affordability and total loan cost.

• Credit History

Maintaining a good credit history by making timely repayments on loans and credit cards demonstrates reliability. A strong repayment record can improve your chances of securing favourable interest rates.

• Business Performance

The financial health of your business, including consistent turnover and profitability, plays a crucial role. Businesses with stable revenues and strong financials are more likely to receive better terms.

Follow these simple steps to apply for a Protium Business Loan online:

1. Click on the ‘Check Eligibility’ button provided on this page

2. Enter your personal and income-related details accurately

3. Select ‘Protium’ from the list of available lenders

4. Specify your desired loan amount and repayment tenure

5. Carefully review the details you have entered and submit your application.

Once your application is submitted, it will undergo verification. After successful verification, the lender will contact you to guide you through the next steps in the process.