Protium Finance offers Loan Against Property (LAP) starting at 8.75 p.a. (1.5% per month) on a reducing balance basis for eligible borrowers. The maximum loan amount can go up to ₹5 crore, covering up to 80% of the property's market value.
Interest rates can increase to 8.75 p.a. For applicants with lower CIBIL scores or weaker financial documentation. Protium Finance prioritizes MSMEs with a minimum turnover of ₹50 lakh and a bureau score above 680.
| Feature |
Details (2026) |
| Minimum Interest Rate (p.a.) |
8.75 (1.5% per month, reducing balance) |
| Maximum Interest Rate (p.a.) |
11 (up to 25% for low CIBIL scores) |
| Loan Amount (as % of property value) |
Up to 80% |
| Maximum Loan Amount |
₹5 crore |
| Property-Backed Funding Range |
₹10 lakh to ₹50 lakh |
| Maximum Tenure |
Up to 20 or 25 years (for LAP); up to 10-12 years (for plot of land) |
| Processing Fee |
Up to 4% of the loan amount |
| Early Prepayment Fee |
4% (after 6 months) |
| Late Payment Penalty |
2-3% per month |
| Additional Markup for Weak Financials |
4-8.75 (for commercial property LAP) |
| Balance Transfer Option |
Available (rates 0.5-1% lower than originators) |
| Top-up Loan for Renovation |
Up to 8.75 of the loan amount |
Protium Finance aims for quick approvals within 3-7 working days and disbursals in 2-7 working days. This makes IT a viable option for MSMEs needing fast access to capital against their property.
Self-employed professionals or business owners must have an active business operational for at least 3 years to qualify for a Loan Against Property (LAP) with Protium Finance. The applicant's MSME must have an annual turnover exceeding ₹50 lakh, a bureau score above 680, and no history of bounced payments or DMD.
- Minimum business vintage required is 3 years for self-employed applicants (2026 norms).
- MSMEs must show a minimum annual turnover of ₹50 lakh to meet eligibility criteria.
- Borrowers need a bureau score greater than 680; a CIBIL score of 750 or higher is preferred.
- Applicants must not have any record of delayed payment defaults (DMD) or cheque bounces.
- Property must have clear title ownership and no legal disputes or encumbrances.
- For commercial property loans, combined individual and business income may be considered.
- Specialized LAP variants are available for doctors, CAs, and pensioners with tailored eligibility.
Eligibility hinges on borrower profile, income strength, and property quality as assessed during digital verification. The documents required for a Protium Finance Loan Against Property (LAP) are minimal, with processing completed in 3–7 days. Borrowers must submit KYC, property papers, and income statements for verification.
- KYC documents: PAN Card and Aadhaar Card (mandatory for identity and address proof).
- Property ownership papers: Title deed, sale agreement, and encumbrance Certificate (last 13 years) to confirm clear title.
- Income proof for self-employed: ITR (Income Tax Returns) for the last 2 years certified by a CA, or audited financials for MSMEs with turnover >₹50 lakh.
- Bank statements: 12-month current account statements for business verification and cash flow assessment.
- Property valuation report: As per Protium's empaneled valuer; required for properties valued up to ₹5 crore.
- Photographs and signature: Passport-sized photos and signed application form with declaration.
- Proof of business continuity: Business registration (GSTIN, Udyam), utility bills, or trade license confirming 3+ years of active operations.
Processing begins within 24 hours of document submission, with digital bureau checks completed in 2–3 days. - **Step 1: Online Pre-Check (2 minutes)** Use the loan calculator on [protium.co.in](https://protium.co.in) to check eligibility instantly. Enter property value, desired loan amount (up to ₹5 crore), and tenure (up to 20–25 years) to estimate EMI at 8.75 starting rate. - **Step 2: Submit Application via Portal or Branch** Apply online or visit any of Protium's 98 branches across 15 states and 3 union territories. Submit basic documents: KYC, property papers, and income statements (ITRs or bank statements for MSMEs with >₹50 lakh turnover). - **Step 3: Digital Verification (2–3 days)** Protium conducts a digital bureau check (CIBIL score >680 required, 750+ preferred) and property title verification. No DMD/bounces allowed in credit history. - **Step 4: Property Valuation & Legal Check** A third-party valuer inspects the property. For commercial properties, an additional 4–5% risk markup may apply if financial documents are weak. Clear ownership and no legal disputes are mandatory. - **Step 5: Loan Approval (3–7 working days)** Final approval is issued within 3–7 working days. The maximum loan sanctioned is up to 80% of the market value of the property (e.g., ₹30 lakh for a ₹37.5 lakh property). - **Step 6: Disbursal (2–7 working days)** Once all conditions are met, funds are disbursed in 2–7 working days. Loan tenure ranges from 7 to 25 years depending on borrower profile and property type. - **Step 7: Post-Disbursal Monitoring** Borrowers receive SMS alerts on registered mobile for payment reminders. SMA categories are monitored: SMA-0 (1–30 days overdue), SMA-1 (31–60 days), SMA-2 (61–90 days).
Protium's end-to-end process is fully digital and takes as little as 5 days from application to disbursal, serving 74 cities and over 15,000 pin codes.
Key Takeaways
- Protium Finance disburses loans in 2–7 working days, among the fastest for MSME-focused NBFCs in India (2026 data).
- Borrowers can access up to ₹5 crore with LTV of 80% of property value, significantly higher than industry average of 60–70%.
- Protium serves 15,000+ pin codes across 15 states and 3 UTs, offering one of the widest rural-urban LAP footprints for MSMEs.
Check eligibility and apply at protium.co.in
