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Protium Finance, a tech-driven NBFC founded in 2016 by ex-Flipkart executives, offers Loan Against Property (LAP) as its primary property-backed financing product, usable for home purchase, construction, or renovation up to 80% of property value (max ₹5 crore). As of November 2025, Protium Finance home loan interest rate starts at 18% p.a. (1.5% per month) for eligible MSME/business owners with CIBIL 680+, with tenures up to 15 years. It emphasizes minimal docs, 3-7 day approvals, no hidden charges, and digital disbursal—targeting small business owners needing ₹10-50 lakh for housing/business growth in 74 cities.
|
Feature |
Details |
|
Interest Rate |
Starts at 18% p.a. (1.5% per month, profile-linked) |
|
Processing Fee |
Up to 4% of loan amount + GST |
|
Loan Amount |
Up to 80% property value (₹10 lakh–₹5 crore) |
|
Repayment Tenure |
Up to 15 years |
|
Applicant Age |
21-65 years |
|
Approval & Disbursal Time |
3–7 working days approval; 2–7 days disbursal |
|
Prepayment Charges |
Up to 6% of outstanding (foreclosure) |
|
Eligibility (Salaried/MSME) |
Turnover ₹50 lakh+; CIBIL 680+; no recent bounces |
|
Eligibility (Self-Employed) |
2 years business; income proof via statements |
Protium Finance home loan interest rate (for LAP) is reducing balance at 1.5% per month (18% p.a. min), adjusted for risk/profile—higher for low CIBIL (up to 25% p.a.). No PMAY integration; fixed or floating options available. Eligibility emphasizes MSME turnover >₹50 lakh, no DMD/bounces, bureau score >680. Processing 3-7 days with minimal docs (KYC, property papers, income statements).
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
MSME Prime (CIBIL ≥700) |
18% |
20% |
Turnover ₹50L+, clean bureau |
|
Self-Employed Low Score |
20% |
25% |
Surrogate income, property value |
|
Balance Transfer |
18.5% |
22% |
Existing repayment, add-on funding |
|
Lender |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Protium Finance |
18% |
Up to 4% |
15 years |
|
SBI (LAP) |
9.50% |
Up to 0.35% |
15 years |
|
HDFC LAP |
9.00% |
0.5%–1% |
15 years |
|
ICICI LAP |
9.25% |
0.5%–1% |
15 years |
For ₹30 lakh over 10 years at 18%, EMI ₹45,000—₹15,000 higher than HDFC's 9%, but faster 3-day approval suits urgent MSME needs; no hidden charges offset.
● MSME-Focused Speed: 3-7 day approvals with digital underwriting, ideal for business owners needing quick property-backed funds for home/business.
● Minimal Docs: Only KYC, property title, 6-month bank statements—no ITR mandatory for informal, enabling CIBIL 680+ access.
● No Hidden Charges: Transparent upfront; foreclosure up to 6% only if early exit, with 80% LTV on residential/commercial property.
● Scalable Funding: Up to ₹5 crore against property, with add-on for expansion; reducing balance lowers effective cost over time.
● Tech-Driven: Proprietary APIs for instant eligibility; serves 74 cities, 98 branches, 15,000+ pin codes for rural-urban reach.
● Responsible Lending: Low leverage, asset quality focus—backed by strong equity for reliable disbursal.
Protium Finance home loan calculator (for LAP) at protium.co.in/loan-calculator: Input property value, rate (18%+), tenure for EMI, eligibility score, and total cost.
Loan Amount: ₹30 lakh (80% of ₹37.5 lakh property)
Interest Rate: 18% p.a.
Tenure: 10 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
₹45,000 |
₹24 lakh |
₹54 lakh |
Reduce to 7 years: EMI ₹52,000, saves ₹6 lakh interest; early prepay reduces to 4% fee after 6 months.
|
Charge Type |
Amount |
|
Processing Fee |
Up to 4% + GST (e.g., ₹1.2 lakh on ₹30 lakh) |
|
Legal & Valuation Fee |
Actuals (₹5,000–₹10,000) |
|
CERSAI Registration |
₹500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment/Foreclosure |
Up to 6% of outstanding |
GST at 18%. Total <5%; no commitment/ledger fees.
● Age: 21–65 years
● Income/Turnover: ₹50 lakh+ annual (MSME focus)
● Job/Business: 1-2 years stability
● CIBIL: 680+ (no recent bounces/DMD)
● Age: 23–65 years
● Business: 2+ years
● Income: Bank statements/surrogate proofs
● Property: Clear title, residential/commercial
80% LTV max; co-applicants OK for boost.
|
Service |
Contact Details |
|
Toll-Free Helpline |
1800 843 2466 |
|
Email Support |
wecare@protium.co.in |
|
Grievance Redressal |
nodal.officer@protium.co.in |
|
Working Hours |
9 AM–6 PM (Mon-Sat) |
Access protium.co.in/customer-portal with ref no./mobile OTP—track stages: Submitted, Verified, Sanctioned, Disbursed. Call 1800 843 2466 or email wecare@protium.co.in for updates (24-hour response); SMS alerts on registered mobile.
For MSME/salaried, minimum turnover/income is ₹50 lakh annual or equivalent stable cash flow via statements; self-employed use surrogate proofs without strict min ITR. DTI ≤50% for EMI fit up to ₹5 crore; co-applicants (business partners) enhance eligibility by 20-30%, prioritizing clean bureau >680.
NRIs qualify for LAP with 2+ years overseas job, valid visa, NRE proofs, and India property collateral; rates +0.50% at 18.5% p.a., 75% LTV via POA. Submit attested docs like work contracts; contact 1800 843 2466 for NRI desks, with disbursal in 7-10 days via remittance.
PMAY-CLSS supported for LAP used as home finance: 6.50% subsidy up to ₹2.67 lakh on ₹12 lakh loans (property ≤₹45 lakh). EWS/LIG/MIG eligible (<₹18 lakh income); apply integrated for ~11.5% effective rate, with doorstep claims saving ₹1 lakh+ yearly on EMIs.
Transfer existing LAP/home loan at 18.5%-22% (0.5-1% lower than originators); up to 4% processing fee, minimal docs (NOC/statements). Includes 20% top-up for renovation; 3-5 day processing saves ₹3,000+ monthly on ₹30 lakh via reduced rates, no early closure penalty after 6 months.
With MSME housing needs up 15% in 2025 (NHB data), Protium Finance home loan interest rate calculator processing fee requirements application process customer care status empowers business owners with fast LAP, minimal docs, and PMAY ties—ideal for ₹10-50 lakh property-backed funding.
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