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Protium Finance Limited is a financial institution providing business and MSME loans to micro, small and medium-sized businesses. One can apply for loans online and get loans approved with relatively lesser documentation. In case any assistance is required, it is provided by the in-house team. Apart from unsecured loans, this lender provides secured loan such as loan against property as well.
These loans are available for up to Rs. 30 Lakh for micro, small and medium industries. Interest rates start from Rs. 50 per day or 1.5% per month where the interest is calculated on reducing balance.
Loans are provided to NBFCs, SMEs, Financing institutions, etc. to expand their businesses. Only registered institutions can opt for the wholesale loans.
One can get consumer financing loans to purchase appliances and electronics at partner brands/outlets. As of now, Samsung is the sole partner of Protium Finance in this field.
Educational institutions such as schools and colleges can apply for financing for infrastructure upgrade, working capital, new acquisitions, etc.
Big ticket business loans of up to Rs. 5 Crore is also available with a property as collateral.