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Loan

PSB 59 Minute Loan

Digital in-principle approval for MSME loans up to ₹5 Crore

59 Min

Approval Time

7–15 days

Timeline

Overview

A digital platform providing contactless, fast, and transparent 'In-Principle' approval for business loans up to ₹5 Crore.

Eligibility Criteria

GST registered business units
Income Tax filers (last 3 years)
Active bank accounts with digital data
Valid Udyam certification
Clear credit history

Key Benefits

Fastest in-principle approval in under an hour

Contactless and paperless digital process

Access to multiple public and private banks

Integrated with CGTMSE for collateral-free options

Transparent fee structure

Required Documents

1
GST User ID & Password
2
Income Tax XML files (3 years)
3
Bank Statements (6 months PDF)
4
Director/Partner details
5
Udyam Certificate

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

Ready to Apply for PSB 59 Minute Loan?

Our experts handle the entire application process — from eligibility assessment to documentation to final approval. Get started with a free consultation.