Get detailed information on Protium Business Loan interest rates and EMI calculations to plan your finances effectively.
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 charges applicable to a Protium Business Loan:
Particulars |
Details |
Interest Rate |
20.50% p.a. onwards |
Processing Fees |
1% - 6% |
Foreclosure Charges |
4% onwards |
*Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.
To understand how to calculate the monthly instalments for a Protium Business Loan, let’s consider an example. Suppose you borrow ₹5,00,000 at an interest rate of 20.50% per annum for a tenure of 36 months. In this case, your EMI will be approximately ₹18,709.
Here’s the breakdown:
Tenure |
Principal Paid |
Interest Charges |
Outstanding Dues |
1st Year |
₹1,34,155 |
₹90,358 |
₹3,65,844 |
2nd Year |
₹1,64,395 |
₹60,119 |
₹2,01,449 |
3rd Year |
₹2,01,449 |
₹23,063 |
₹0 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
Calculating your EMI manually can be time-consuming and may lead to errors. Instead, opt for the business loan EMI calculator on Bajaj Markets. This tool offers quick and precise results, enabling you to organise your finances effectively and prioritise your business growth.
There are several factors that influence the interest rate offered on a Protium Business Loan. Some key elements include:
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.
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.
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.
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.
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.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
|
---|---|---|---|---|
![]() Aditya Birla Finance Limited |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() Ambit Finvest |
20% p.a. |
₹50 Lakhs |
36 months |
|
![]() AYE Finance |
29.50% p.a. |
₹2 Lakhs |
30 months |
|
![]() Bajaj Finance Limited |
14% p.a. |
₹30 Lakhs |
96 months |
|
![]() FlexiLoans |
18% p.a. |
₹50 Lakhs |
36 months |
|
![]() IIFL Finance |
16.50% p.a. |
₹30 Lakhs |
48 months |
|
![]() InCred |
24% p.a. |
₹3 Lakhs |
60 months |
|
![]() KreditBee |
18% p.a. |
₹30 Lakhs |
36 months |
|
![]() Lendingkart |
19.20% p.a. |
₹35 Lakhs |
36 months |
|
![]() Credit Saison |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() UGRO Capital |
24% p.a. |
₹50 Lakhs |
72 months |
|
Follow these simple steps to apply for a Protium Business Loan online:
Click on the ‘Check Eligibility’ button provided on this page
Enter your personal and income-related details accurately
Select ‘Protium’ from the list of available lenders
Specify your desired loan amount and repayment tenure
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.
The foreclosure charges for a Protium Business Loan start from 4% onwards. For detailed information on applicable charges, it is advisable to confirm with the lender.
The interest rate for Protium Business Loans starts from 20.50% per annum. Details on the maximum interest rate can be obtained directly from the lender.
Yes, your credit score plays a crucial role in determining the interest rate. A higher score may help you secure a lower rate, while a lower score could result in higher interest rates due to increased perceived risk.