In 59 minutes, get Rs 5 cr business loan approval; here’s how

In 59 minutes, get Rs 5 cr business loan approval; here’s how

Aug 29, 2023

Girish Khurana

Open www.psbloansin59minutes.com to get approval for up to Rs 5 crore collateral-free loan in 59 minutes’

Click on ‘Register'

Enter your Name, Email address and Mobile number

Enter OTP for verification, and click on ‘Proceed’

Set a password

Post-registration you will be redirected to the profile page

You may either create a profile first or directly apply for the loan by clicking on loan on the left side of the screen

Business Loans can be availed under Mudra (up to Rs 10 lakh) and MSME loans (up to Rs 5 crore)

The loan page is bifurcated into various products available

Click on MSME loan, and enter your PAN to verify your entity details

You will be redirected to the confirmation page. Fill in the details and click on proceed

You will reach the GSTIN Verification page

Fill in the details of your GST details. Fill in the details of all the enterprises registered with you

If your business is not eligible for GST, there is a self-declaration of your business sales available as well

Next, fill in your ‘income tax details’ for the previous 3 years along with bank details, personal details

Towards the end, click on ‘One Form’

Fill in the details of your previous loans, credit facilities or pre-existing loans in the form

Once done, click on ‘Apply for loan’

If the loan proposal gets matched with any of the lenders, a popup window will appear on the screen. Enter the email verification code

All the matched proposals will be available on the screen

Click on the match of your choice to get loan approval

Image: Pexels

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