PSB Loans in 59 Minutes

• Loan type: MSME Loan/ Working Capital Loan.
• Loan amount: Rs. 10 Lakhs to Rs. 5 Crores.
• Rate of interest: 8.50% per annum onwards.
• Tenure: 1 to 15 years.
• Advanced technology-backed loan: These loans are processed digitally without any human intervention till the sanction or disbursement. 
• Multiple lenders: PSB Loans in 59 minutes are offered by more than 21+ public & private sector banks and NBFCs.
• Safe & secure process: The entire information of the applicants is utilized safely and securely with the highest level of security
• Integration with government facilities: psb59 is integrated with advanced government facilities like CGTMSE, Income Tax Returns, Bank Statements, and GST, so it helps in ease of decision-making of the loan application.
• Multipurpose loan: PSP Loans in 59 minutes can be availed for various purposes including business expansion, purchasing plant & machinery, meeting working capital needs, infrastructure development, technology upgrade, purchasing raw materials, scaling operations, expansion of products & services, business diversification, and so on.

PSB Loans in 59 Minutes are offered at affordable interest rates starting from just 8.5% per annum. The interest rate may vary depending on the loan amount required, income of the borrower, CIBIL score, and other factors.

Here are some fees and charges for psbloansin59minutes:

• Processing fee: 0.1% - 6% of the sanctioned loan amount.
• Rate of interest: 8.50% p.a. onwards.

Following are the psb 59 minutes loan eligibility criteria in detail:

• Any existing business that wants to apply for a PSB 59 term loan or working capital loan, should be IT-compliant.
• Existing businesses must have bank statements of at least 6 months. 
• The platform caters to business financial requirements of GST-registered as well as non-GST-registered businesses. 
• If your business is not registered with GST, you can declare 12 months of sales details manually.
• The applicant’s loan eligibility is determined by their income/revenue, repayment capacity, existing credit facilities availed, and any other factors as set by lenders.
• For existing businesses, the borrower should have a Login ID of psbloasnin59minutes.com

Existing business owners can apply for a PSB small business loan with the following documents:

• Duly filled in and signed loan application form with passport-sized photographs.
• GST Identification Number (GSTIN) and GST User Name.
• Income Tax Return (ITR) of last 3 years for term loan and 1 year for working capital loan, in XML format.
• Bank statement for the past 6 months in PDF Format. The applicant can upload bank statements for a maximum of 3 bank accounts on the portal.
• Details of the loan required and Proprietorship/ Partners/ Directors.
• E-KYC documents of the applicant.
• Any other document as requested by the lender.

You can easily apply for a PSB Loan in 59 Minutes by following the steps given below:

• Visit psbloansin59minutes.com.
• Click on the register and register by entering your name, email address, and mobile number.
• Click on ‘Get OTP’ and mention the OTP received on your mobile number.
• Agree to the ‘Terms & Conditions’ mentioned in the checkbox.
• Click on the ‘Proceed’ button after entering all the columns.
• Create a Password for your account for future reference.
• Login into your profile by entering the username and password.
• Select ‘Business’ as your profile for business/MSME loan and click on ‘Proceed’.
• Create your profile by entering your business PAN card and then click on ‘Proceed’.
• Add GST details, Tax Returns (in XML format), and bank statements of the last 6 months (in PDF format).
• Upload your ITR and add the required details before clicking on ‘Proceed’.
• Upload your bank details and click on ‘Proceed’.
• Enter details of your business and any existing loan (if any).
• Enter ‘OTP’ in the given space to verify your email address.
• Choose the desired lender and respective branch from where you want to take a PSB loan.
• You will receive in-principle approval from the selected bank.

Here are the customer care contact details for PSB Loans in 59 Minutes:

• Phone: 079-41055999
• Email: support@psbloansin59minutes.com