Protium Business Loan EMI Calculator

You can estimate the monthly instalments for your business loan from Protium using this calculator. Follow these steps to calculate business loan EMI accurately:

1. Enter the total loan amount using the slider or the input field

2. Input the applicable annual interest rate for your business loan

3. Select the repayment period in months that aligns with your business requirements

The calculator displays your estimated EMI, total interest payable, and overall loan amount instantly. You get clear figures to plan your business finances better.

Several factors influence the EMI of your Protium Business Loan. Understanding these can help you reduce the cost of borrowing.

• Loan amount: EMIs increase with higher loan amounts, as interest is calculated on the total principal. Borrow an amount that aligns with your repayment capacity. This ensures the EMIs do not adversely impact your cash flow.

• Interest rate: Higher interest rates lead to higher EMIs and increase the overall loan costs. Lower rates help reduce the monthly financial burden. The interest rate directly affects how much you pay each month.

• Repayment tenure: A longer tenure lowers the EMI but increases the total interest paid. A shorter tenure results in higher EMIs but reduces overall interest expenditure. You need to find the right balance between the two options.

• Part-prepayment and foreclosure: Some lenders provide part-prepayment or foreclosure options, enabling early repayment. Part-prepayment means paying a portion of the loan before the due date. This can decrease the interest burden and potentially lower future EMIs.

You can pay your Protium Business Loan EMI through multiple convenient methods. Choose the option that suits your requirements and ensure timely payments to avoid penalties.

• UPI payments: Use UPI-based apps such as PhonePe, Google Pay, Paytm, or BHIM for EMI payments if your monthly EMI is less than ₹1 Lakh

• Online payment portal: Visit the Protium website and use the "Pay Now" option to make EMI payments online for any amount

• Bank transfer: Add Protium Finance Limited as a beneficiary in your bank account for direct payments if your EMI is more than ₹1 Lakh

• Net banking: Pay using net banking by logging into your bank account and transferring the EMI amount to the Protium Finance Limited account

• Debit card payment: Use a debit card on Protium's official website to make EMI payments quickly

• Auto-Debit facility: Set up auto-debit for automatic EMI payments by providing your bank details to Protium

• Payment verification: Always confirm payment details before completing the transaction to avoid errors. Check your email or SMS for instant payment confirmation after every successful transaction.

• Prepayment option: Prepayment of the loan is allowed, but check your loan agreement for applicable charges and conditions.