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Home > Videos > Loan in 59 Minutes - How to Get PSB loan in 59 Minutes | MSME Loan in 59 Minutes | Loan for MSME

Loan in 59 Minutes - How to Get PSB loan in 59 Minutes | MSME Loan in 59 Minutes | Loan for MSME

 
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How to get Loan for MSME: PSB loan in 59 minutes - How to get Upto Rs 5 crore Loan approval in just 59 minutes? PSB loans

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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