PSB Loans in 59 Minutes, as the name suggests, is a lending platform that takes only 59 minutes for loan approval. The largest digital lending platform in India, PSB loans in 59 minutes was created after a comprehensive analysis of financial and entrepreneurial ecosystems to cull tedious, time-consuming processes linked to lending and save time, energy, and costs - for applicants as well as institutions.
PSB loans in 59 minutes has set a new benchmark in the industry by offering digital approval for Business (MSME) Loans, Retail Loans (personal, home, auto) and Micro-finance in less than 59 minutes from anywhere, anytime, without having to visit the bank.
Backed by highly-evolved algorithms to read, analyse and deliver real-time data points from multiple sources including IT returns, GST data, bank statements, MCA, CIBIL and Fraud Database while capturing the applicant’s basic information using smart analytics, PSB loans in 59 minutes is mapped to all current lending processes irrespective of the type of bank/lending institution to ensure seamless data integration and work-flow. Currently, PSB loans in 59 minutes is used by 1,50,000 bankers across 88,000+ branches.
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