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Home > Videos > PSB Loans in 59 Minutes in Telugu | How to Get 5 Crores Loan in 59 Minutes | Kowshik Maridi

PSB Loans in 59 Minutes in Telugu | How to Get 5 Crores Loan in 59 Minutes | Kowshik Maridi

PSB Loans in 59 Minutes in Telugu

How to Get 5 Crores Loan in 59 Minutes

Availing business loans used to be a complicated task earlier for Micro, Small and Medium Enterprises (MSMEs). With no adequate finance, MSMEs may not accomplish their short and long-term business objectives. MSMEs had to wait for 30 plus days to get their business loan proposals approved.

MSMEs can contribute significantly to the country’s financial health. They should be supported financially. The good news for MSMEs is that the Government of India launched a comprehensive online platform for MSMEs seeking to apply for business loans.

Under this scheme, MSMEs can avail business loans within just 59 minutes. The loan amount starts from Rs.1 lakh and can go up to Rs.5 crore. The interest rate on PSB loans is expected to be 8.50% or more. Via this initiative, PSB loans within just 59 minutes, the government aims at fostering the growth of MSMEs and self-employed business model in India.

The approval loan amount shall be disbursed within just 7-8 business days. The PSB loans shall be approved by both private and public sector banks and NBFCs.

PSB loans in 59 minutes, on online marketplace, was launched by the government of Narendra Modi in November last year.

Documentation required

 Last 6-month bank statements

 e-KYC paper

 IT returns for the last 3 years

 GST certification is mandatory

 personal and educational details need to be furnished

 Ownership certificates are required to be produced

Benefits

Mininal documents, technology-backed business loans, safe and secure,

Steps to be followed to apply for PSB loans in 59 minutes

1. Go to psbloansin59minutes.com

2. Register yourself by filling in your name, Email Address, mobile number and click on ‘Get OTP

’ 3. Enter the OTP received on the mobile number

4. Agree to the Terms and Conditions mentioned below in the checkbox

5. Click on ‘Proceed’ after entering all the columns

6. Create a Password for your account for future reference

 

 
 
 
 
 
 
 
 
 

 
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