All Schemes
Loan

PSB 59 Minute Loan

Digital in-principle approval for MSME loans up to ₹5 Crore

59 Min

Approval Time

7–15 days

Timeline

95%

Success Rate

Overview

A digital platform providing contactless, fast, and transparent 'In-Principle' approval for business loans up to ₹5 Crore.

Eligibility Criteria

GST registered business units
Income Tax filers (last 3 years)
Active bank accounts with digital data
Valid Udyam certification
Clear credit history

Key Benefits

Fastest in-principle approval in under an hour

Contactless and paperless digital process

Access to multiple public and private banks

Integrated with CGTMSE for collateral-free options

Transparent fee structure

Application Process

1

Step 1

Register on official portal

2

Step 2

Upload GST, ITR, and Bank data

3

Step 3

Select bank and branch from generated offers

4

Step 4

Pay convenience fee for approval letter

5

Step 5

Sanction and disbursement by bank

Required Documents

GST User ID & Password
Income Tax XML files (3 years)
Bank Statements (6 months PDF)
Director/Partner details
Udyam Certificate

Quick Overview

CategoryLoan
Timeline7–15 days
Approval Time59 Min

Ready to Apply for PSB 59 Minute Loan?

Our experts handle the entire application process — from eligibility assessment to documentation to final approval. Get started with a free consultation.

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Join 500+ Indian entrepreneurs who scaled their business with GrowBridge. Free eligibility check — know your funding options in under 5 minutes.

Trusted Growth Partner From Last 12 Years

Free eligibility assessment95% scheme approval rateNo hidden chargesResults in 7–15 days
Official Notice
GrowBridge is the only official entity under the GrowBridge brandWe have no association with other similarly named companiesAlways verify authenticity before engagingGrowBridge — Trusted Growth Partner From Last 12 Years
GrowBridge is the only official entity under the GrowBridge brandWe have no association with other similarly named companiesAlways verify authenticity before engagingGrowBridge — Trusted Growth Partner From Last 12 Years