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PSB Loans in 59 Minutes from SIDBI

PSBloansin59minutes.com is an online marketplace, which enables self-employed professionals and MSMEs to apply for business loans and Mudra loan at an interest rate of 8.50% p.a. onwards. Under this loan scheme initiated by SIDBI, individuals and enterprises can get loan approval for amount from Rs. 10 Lakh to Rs. 5 Crore in less than 59 minutes from Public and Private Sector Banks (PSBs), NBFCs, etc.
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15.5L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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HDFC Bank
Max Loan Amt.Upto ₹75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto ₹50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto ₹75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Eligibility Criteria for PSBLoansin59Minutes

For the Business which already exists the borrower should have a Login ID of psbloasnin59minutes.com, GST, and IT compliant, and should have the last 6 months’ bank statement. Know your eligibility before applying for a business loan from psbloansin59minutes.com:

  • Income/Revenue
  • Repayment Capacity of the Borrower
  • Existing credit facilities
  • Other factors set by the Financial Lender

Loan Details

  • Loan Type: MSME Loan/Working Capital Loan
  • Rate of Interest: 8.50% p.a. onwards
  • Loan Amount: Rs. 10 lakh – Rs. 5 crore
  • Repayment Tenure: 1 year – 15 years
  • Processing Fee: From 0.1% to 6% of the sanctioned loan amount
  • MSME loan options from its 21+ partners
  • In-principal approval in 59 minutes
  • Minimal Documentation: Nominal paperwork required
  • Advanced Technology Backed Loans: Rs. 1000 + GST for Digital approval
  • Integration with Govt. Facilities: PSB Loans in 59 minutes is integrated with the latest facilities like Income Tax Returns, GST, and Bank statements so it helps in the decision-making of the loan applicant

Documents Required for PSBLoansin59Minutes

heck the following documents required to apply for loans under PSB loans in 59 minutes.

Loan Applicant with existing business can apply for business loan with the following documents:

  • Duly filled application form with passport-sized photographs
  • GST Details: GST Identification Number (GSTIN) and GST User Name
  • Details of Income Tax: Latest 3 years’ ITR in XML format
  • Last 6 months’ Bank Statement in PDF Format: The Loan Applicant can upload Bank Statements for a maximum of 3 bank accounts on the portal. It is preferable to upload the Bank Statement having the major bank activities
  • Details of the Loan Required
  • Details of Proprietorship/ Partners/ Directors
  • E-KYC Documents of the Loan Applicant
  • Any other document required by the lender

Steps to Register for PSBLoansin59Minutes

Step 1: Go to PSB’s Official website psbloansin59minutes.com and click on the register

Step 2: Register by filling in your name, Email Address, and mobile number and clicking on ‘Get OTP’

Step 3: Enter the OTP received on the mobile number

Step 4: Agree to the Terms and Conditions mentioned below in the checkbox

Step 5: Click on ‘Proceed’ after entering all the columns

Step 6: Create a Password for the account for future reference

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Steps to Apply for PSBLoansin59Minutes

Step 1: Login into your profile by entering your user name and password at the official website

Step 2: Select your profile as ‘Business’ for business or MSME loan and click on ‘Proceed’

Step 3: Create your profile, enter your business PAN card and click on ‘Proceed’

Step 4: Further, add GST details, Tax returns (XML format), and bank statements for the last 6 months in PDF format

Step 5: Upload your ITR, add required details and click on ‘Proceed’

Step 6: Upload your bank details and click on ‘Proceed’

Step 7: Mention your business details and any existing loan details as requested

Step 8: Enter ‘OTP’ to verify your email address

Step 9: Select the desired bank and respective branch that you wish to take a PSB loan

Step 10: You shall receive in-principle approval from the desired bank

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

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HDFC BANKHDFC BANKAxis BankAxis BankICICI BankICICI BankIDFC First BankIDFC First BankKotak bankKotak bankTata CapitalTata Capital
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FAQs

psbloansin59minutes.com is an online marketplace, introduced by the government of India with the aim to provide Business Loans to MSMEs in a process that can approve Loan Applications in 59 minutes. So, the applicant can apply for a small business loan through PSB Loan to meet their business requirements at an interest rates of as low as 8.50% p.a.

psbloansin59minutes.com takes 7-8 working days to disburse the Loan Amount after the Loan Application has been approved.

For any queries related to small business loans, pabloansin59minutes.com can be contacted by calling at +1800-103-7491 (Toll-free number), 079-41055999, or email them at support@psbloansin59minutes.com.

No, there is no registration fee to apply for PSB loans.

Yes, there shall be a defined processing fee that you will have to pay at the time of loan approval.

To check your loan application status, you can simply visit the bank’s official website keeping the loan application number or reference number handy.

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What our customers say

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Meher SinghJan 22, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

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Mohit DasJan 15, 2026

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Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

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Boutique ke liye small loan liya tha

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Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

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Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

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I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

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Chote business ke liye bhi loan mila

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Rupesh SharmaDec 29, 2025

Quick and easy steps

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Ishita SinghDec 28, 2025

Good Loan Mila

I appyled for business loan for my boutique. Proper Help given in the process. Always ready to help people. Very good experience. Will tell all to take loan only from here.

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