⚡
Loan7–15 days
PSB 59 Minute Loan
Digital in-principle approval for MSME loans up to ₹5 Crore
Loan
Category
59 Min
Approval Time
7–15 days
Timeline
95%
Success Rate
About This Scheme
A digital platform providing contactless, fast, and transparent 'In-Principle' approval for business loans up to ₹5 Crore by analyzing digital footprints like GST and ITR.
Eligibility Criteria
- 1GST registered business units
- 2Income Tax filers (last 3 years)
- 3Active bank accounts with digital data
- 4Valid Udyam certification
- 5Clear credit history
Key Benefits
Benefit 1
Fastest in-principle approval in under an hour
Benefit 2
Contactless and paperless digital process
Benefit 3
Access to multiple public and private banks
Benefit 4
Integrated with CGTMSE for collateral-free options
Benefit 5
Transparent fee structure
Application Process
1
Step 1
Register on official portal
2
Step 2
Upload GST, ITR, and Bank data
3
Step 3
Select bank and branch from generated offers
4
Step 4
Pay convenience fee for approval letter
5
Step 5
Sanction and disbursement by bank
Exclusive MSME Access
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