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Home > Videos > Business Loan - How to get Upto Rs5 crore Loan approval in just 59 minutes? PSB loans

Business Loan - How to get Upto Rs5 crore Loan approval in just 59 minutes? PSB loans

 
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The initiative reimagines and simplifies the overall process of fund raising and has been designed to ease access of credit to MSMEs. This is a unique platform that ensures seamless in-principle loan approval. The initiative aims at automation and digitization of various processes of Business Loan (Term Loan/ Working Capital Loan) in such a way that a borrower gets an in-principle approval (eligibility) letter in less than 59 minutes. The borrower has been given the flexibility to choose lender.

Business Loan In-principle Approvals, with /without collateral, are currently provided for value from INR 1 Lacs to INR 5 Crore. The Rate of Interest starts from 8.5% onwards. The Platform is integrated with CGTMSE to check eligibility of borrowers.

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