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Poonawalla Fincorp vs Protium Business Loan Compared

Which loan suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero.

Poonawalla Fincorp versus Protium Business Loan compared
FeaturePoonawalla FincorpPoonawalla Fincorp
Protium Business LoanProtium Finance Limited
Loan identity
Loan typePersonalBusiness
Interest and amount
Interest rate from9.99%-
Minimum amount₹1,00,000-
Maximum amountsame₹50,00,000₹50,00,000
Minimum tenure1 year-
Maximum tenure7 years-
Fees and charges
Processing feeUp to 4% + taxes-
Prepayment chargesNil from own funds; 4% if repaid from another loan-
Late payment charges24% a year on the overdue EMI; bounce Rs 500-
Eligibility
Min monthly salary₹25,000-
Min age21 years25 years
Max age at maturitysame60 years60 years
Employment typeSalariedSelf-employed
Min credit score720700
Page content
EligibilityIndian, age 21 to 60, working full time at a government body, PSU, MNC or private or public limited company, earning at least Rs 25,000 a month.Sole proprietor businesses running for at least 1 year, with a bank account (net banking or e-statements) and an Aadhaar-linked mobile number.
Documents neededKYC and address proof, salary slips for the last 3 months, bank statement for the last 3 months, and office email or ID card.PAN, bank statements for the last 12 months (current and savings), proof of residence and business address, and business proof for at least 1 year. GST returns for larger loans.
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