ZeedFund
← Back to main site
Closing SoonDebt

PSB Loans in 59 Minutes

Offered by PSB Loans in 59 Minutes

Overview

PSB Loans in 59 Minutes (psbloansin59minutes.com) is an online lending marketplace introduced as a Government of India initiative to speed up MSME and Mudra loan approvals through participating public sector and private banks. It allows self-employed professionals and MSMEs to apply for business loans through a standardized digital process, with in-principle approval delivered within 59 minutes, supported by more than 21 lending partners.

Eligibility

  • Business must be GST-registered
  • At least one year of Income Tax Return (ITR) filed, submitted in XML format
  • Six months of bank statements required
  • Loan eligibility is also assessed on income/revenue, repayment capacity, existing credit facilities, and other criteria set by the specific lending partner

Funding Purpose

Fast, digital-first working capital and term loans for MSMEs.

Application Process

Applicants apply online through the psbloansin59minutes.com portal by uploading minimal documentation. Loans range from 10 lakh to 5 crore rupees, with interest rates starting from 8.5% per annum, and in-principle approval is issued within 59 minutes.

Apply Now ↗

How to Apply

  1. 1Click "Apply Now" above and submit your application directly on the official page.
  2. 2The offering organisation screens applications against its own eligibility criteria.
  3. 3Shortlisted applicants may be invited to a pitch or interview round.
  4. 4The final decision rests solely with the offering organisation.
  5. 5There is no guarantee of funding at any stage.

Before You Apply

  • ZeedFund is an independent tracker, not the offering organisation or a funding body.
  • Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
  • Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.