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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.

Details of the Protium Business Loan Rate of Interest

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.

How To Calculate Protium Business Loan Interest

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.

Factors Affecting Protium Business Loan Interest Rates

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.

Compare Protium Business Loan Interest Rates with Other Partners

Our Partners
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Minimum Interest Rate
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Maximum Loan Amount
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Maximum Loan Tenure
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Aditya Birla Finance Limited

22% p.a.

₹10 Lakhs

36 months

4.5
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Ambit Finvest

20% p.a.

₹50 Lakhs

36 months

4.4
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AYE Finance

29.50% p.a.

₹2 Lakhs

30 months

4.2
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Bajaj Finance Limited

14% p.a.

₹30 Lakhs

96 months

4.8
Image

FlexiLoans

18% p.a.

₹50 Lakhs

36 months

3.9
Image

IIFL Finance

16.50% p.a.

₹30 Lakhs

48 months

3.9
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InCred

24% p.a.

₹3 Lakhs

60 months

4.1
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KreditBee

18% p.a.

₹30 Lakhs

36 months

3.9
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Lendingkart

19.20% p.a.

₹35 Lakhs

36 months

4.3
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Credit Saison

22% p.a.

₹10 Lakhs

36 months

4.1
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UGRO Capital

24% p.a.

₹50 Lakhs

72 months

4.4
View More

How to Apply for Protium Business Loan on Bajaj Markets

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.

FAQs

What are the foreclosure charges on Protium Business Loan?

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.

What is the minimum and maximum interest rate on Protium Business Loans?

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.

Does my credit score affect the interest rate on a Protium Business Loan?

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.

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