MSME Loan

Micro, Small, and Medium Enterprises (MSMEs) are vital to India’s socio-economic growth but often struggle with obtaining timely funding. PSB59 is designed to ease this challenge by providing quick access to financing, helping MSMEs secure funds for their business needs efficiently. With PSB59, MSMEs can receive digital loan approvals ranging from ₹10 lakh to ₹5 crore within just 59 minutes through a simple, single application, streamlining the credit process and empowering businesses to grow without delay.

Benefits of MSME Loan

High Loan Amount

Low Interest Rates

Simple Process

Seamless Integration

Flexible Tenures


Benefits of MSME Loan

Types of Loans under MSME loan

  • Term Loan: Can be used for various business needs, such as purchasing new machinery or expanding into new markets.
  • Working Capital Loan: Provides short-term funding to boost cash flow and ensure smooth day-to-day operations.

Documents required for MSME Loan

  • GST Registered Business: Sales details fetched automatically from the GST portal using GSTIN and username. If not, GST registered, manually declare 12 months of sales details.
  • Income Tax Return (ITR):
    • For Working Capital Loan: Latest 1-year ITR in XML format.
    • For Term Loan: Last 3 years ITR in XML format.
  • Bank Statements: Latest 6 months’ bank statements in PDF format, downloadable from net banking or mobile banking apps. Multiple files can be uploaded if needed.
  • Other Business Details: Business and loan requirement information.

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