Indian Bank & PSB Loans in 59 Minutes: Fast-Track Your Financing

Having timely access to financing is crucial for MSMEs, entrepreneurs and individuals in India. However, conventional loan procedures can be uncertain, time-consuming, and incredibly paper-heavy.  Running a business is tough, but availing a loan to grow it shouldn’t be. That’s where PSB Loans in 59 Minutes comes into play.

PSB Loans in 59 Minutes: What Is It?

Introduced in 2018, PSB Loans in 59 Minutes is a digital lending platform, developed with the objective of making business loan approvals for MSMEs and individuals easier and quicker. This ground-breaking digital initiative, launched by a SIDBI-led consortium of five Public Sector Banks (PSBs), incubated under the aegis of the Department of Financial Services (DFS), Ministry of Finance, streamlines financing for MSMEs.

Benefits and Features of the platform:

• Quick Approvals: Get in-principle loan approval in just 59 minutes, completely online.
• Eligible borrowers can access loans of up to ₹5 crore.
• Wide Loan Options: Apply for business and Mudra loans.
• Smart Eligibility Check: The platform determines a borrower’s loan eligibility based on factors such as income/revenue, repayment capacity, existing credit facilities, and other parameters set by lenders. It evaluates the application digitally using data from sources such as bank statements, credit history, ITR, GST, MCA, and more.
• Transparent & Trackable: Real-time application tracking digitally with full transparency. 

Why use Indian Bank for your application?

Indian Bank is a key partner on the platform and brings to the table a trusted legacy, and a deep expertise in MSME lending.

• Strong MSME Expertise: Indian Bank has a proven track record of supporting MSMEs with tailored business loans.
• Seamless Integration with the Platform: As an active lender on the PSB Loans in 59 Minutes platform, Indian Bank ensures a smooth and quick transition from digital sanction to loan disbursal.
• Customer-Centric Approach: Indian Bank is known for its personalized service and relationship-driven banking, ensuring that borrowers get the attention and guidance they need.

Types of Loans Available:

Whether you’re a business owner or an individual borrower, the PSB Loans in 59 Minutes platform offers a wide range of loan options through Indian Bank for your business needs

• MSME Loan: Get funding up to ₹5 Crore to expand or support your business operations.
• Mudra Loan: Looking to start or grow your business? Apply for loans up to ₹10 Lakhs under the Mudra scheme.

Ready to Apply?

Visit psbloansin59minutes.com, start your application, and select Indian Bank as your lending partner.
Empower your business with quick, transparent, and hassle-free financing—because with Indian Bank, your growth is in trusted hands.

Indian Bank. “Your Own Bank, Always with You”

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