Protium Business Loan

Last Updated : Feb. 20, 2025, 12:19 p.m.

Protium Finance offers a range of business loans to meet the diverse needs of small and medium-sized enterprises (SMEs) in India. With loan amounts up to Rs.30 lakhs and flexible repayment tenures extending to 3 years, Protium provides financial solutions to support business expansion, working capital requirements, equipment purchases, and more.

Benefits of Protium Business Loan

Below are the Business Loan of Protium highlights -

• No Minimum CIBIL Score Cut-Off – Businesses with no or low credit scores can still apply, expanding financial access.
• New-to-Credit Customers Allowed – First-time borrowers can avail of loans without a prior credit history.
• No Limit on Number of Enquiries – Multiple loan applications or credit inquiries do not impact eligibility.
• Fully Digital Process – End-to-end electronic fulfillment ensures a smooth and paperless experience.
• Preliminary Decision Within 2 Hours – Quick assessment helps businesses plan finances efficiently.
• Final Sanction Within 24 Hours – Fast loan approval ensures timely fund availability.

Other Important Interest Rate and Fee Details of Protium Business Loan

Serviceable Locations for HTS:

Note: Serviceable locations for LTS cases are as per the pin code list (5000+ pin codes)

Eligibility Criteria For Protium Business Loan

Here are some criteria that have been set by the Protium to avail of their business loan , make sure to go through them -

• Maximum Loan Amount: Rs.30 Lakhs – Businesses can avail loans up to Rs.30 lakhs based on their financial profile.
• Minimum Banking Turnover: Rs.36 Lakhs Per Annum – Applicants must maintain a minimum annual banking transaction of Rs.36 lakhs to qualify.
• No DPD (Days Past Due) in the Last 6 Months – The borrower should have a clean repayment history with no delayed payments in the past 6 months.
• Minimum Average Bank Balance: Rs.25,000 – A steady average balance of at least Rs.25,000 ensures financial stability.
• No 30+ DPD in the Last 12 Months – There should be no instances of payments being overdue by more than 30 days in the last year.
• Zero Current Overdue – The applicant should not have any outstanding overdue payments at the time of application.

Documents Required for Protium Business Loan Application

Here are the different documents for Proprietorship, partnership firm, and Private Limited Company needed when logging in to avail of the Protium Business Loan -

For Proprietorship

• KYC Documents – PAN Card and Aadhaar Card of the proprietor.
• Business Registration Proof – Any valid document confirming business registration.
• Business Vintage Proof – The business must be at least 1 year old, supported by either a current account bank statement or any old business registration document.
• Bank Statements – The latest 12 months' bank statements to assess financial health.
• Residence Address Proof – Can be provided using KYC documents (Aadhaar, PAN), gas bill, rental agreement with stability proof, or Aadhaar card acknowledgment.
• Office Address Proof – Acceptable documents include business registration proof, Udyam certificate, and rental agreement with electricity bill (E-Bill).

For Partnership Firms

• KYC Documents – PAN Card and Aadhaar Card of all partners.
• Business Registration Proof – Any valid document confirming business registration.
• Business PAN Card – PAN Card of the partnership firm.
• Partnership Deed – A copy of the registered partnership deed.
• Business Vintage Proof – The business must be at least 1 year old, supported by a current account bank statement or any old business registration document.
• Bank Statements – Latest 12 months' bank statements for financial assessment.
• Residence Address Proof – Can be provided using KYC documents (Aadhaar, PAN), gas bill, rental agreement with stability proof, or Aadhaar card acknowledgment.
• Office Address Proof – Acceptable documents include business registration proof, a Udyam certificate, or a rental agreement with an electricity bill (E-Bill).

For Private Limited Company

• KYC Documents – PAN Card and Aadhaar Card of Directors.
• Business Registration Proof – Valid proof of business registration.
• Business PAN Card – PAN Card of the company.
• Memorandum of Association (MOA), Articles of Association (AOA), and Certificate of Incorporation (COI) – Essential company formation documents.
• Shareholding Pattern – Document showing the ownership structure of the company.
• Business Vintage Proof – The business must be at least 3 years old, supported by a current account bank statement or any old business registration document.
• Bank Statements – Latest 12 months' bank statements for financial assessment.
• Residence Address Proof – Can be provided using KYC documents (Aadhaar, PAN), gas bill, rental agreement with stability proof, or Aadhaar card acknowledgment.
• Office Address Proof – Acceptable documents include business registration proof, a Udyam certificate, or a rental agreement with an electricity bill (E-Bill).

Conclusion

Protium Business Loan is a reliable financial solution designed to empower MSMEs with easy access to capital. With loan amounts of up to ₹50 lakhs, competitive interest rates starting from 18% p.a., and a fully digital application process, businesses can secure funding quickly and efficiently. Whether you're looking to expand operations, invest in new equipment, or manage working capital, Protium provides flexible repayment options and minimal documentation requirements.

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