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Protium Finance offers competitive home loan interest rates for 2025, with floating rates starting from 9.00% p.a. and fixed rates ranging between 9.25% and 10.50% p.a., depending on the borrower's profile and loan amount. These floating rates are typically repo rate linked, adjusting with changes in the RBI's repo rate, while fixed rates provide stability against market fluctuations. The annual percentage rate (APR) incorporates additional costs, making the effective rate slightly higher. For instance, MCLR-based loans may vary quarterly.
Processing fees are charged at 0.75% of the loan amount plus GST, with a minimum of ₹5,000. Prepayment charges apply only to fixed-rate loans at 2% of the outstanding principal if prepaid within the first three years. For floating-rate loans, there are no prepayment penalties if done via own funds. Foreclosure charges are 4% on the outstanding amount for full repayment before tenure ends, excluding floating rate options.
The Protium Finance Home Loan EMI Calculator is a user-friendly tool to estimate monthly repayments. To use it, input the principal loan amount, interest rate (e.g., 9.00% p.a. for floating rate), and tenure in months or years. The calculator computes the Equated Monthly Installment (EMI) using the formula: EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly interest rate, and n is number of installments. It also shows total interest payable and amortization schedules, helping users compare fixed rate versus floating rate options based on current 2025 rates.
Eligibility for Protium Finance home loans requires applicants to be aged 21-65 years at loan maturity. Income eligibility starts at a minimum monthly salary of ₹25,000 for salaried individuals and ₹3 lakh annual income for self-employed. A strong CIBIL score of 700 or above is essential, as it influences interest rates and approval. Employment type matters—stable jobs in reputed firms or businesses with at least two years of operation are preferred. The loan-to-value ratio (LTV) is up to 80% for properties valued under ₹75 lakh and 75% for higher values, ensuring borrowers contribute sufficiently.
Loan tenures range from 5 to 30 years, allowing flexibility based on age and repayment capacity. Shorter tenures reduce total interest but increase EMI, while longer ones ease monthly burdens. Repayment options include standard EMI, step-up EMI for growing incomes, or balloon payments. Prepayment is flexible for floating rate loans without charges, up to 25% annually from own sources. Foreclosure is allowed after 6 months, with rules mandating notice and applicable fees for fixed rates. Opt for repo rate linked loans for potential rate reductions during tenure.
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