Entrepreneur India TV's video: 59 5 PSB Loan in 59 Minutes

PSB Loan in 59 minutes is a marketplace that enables business individuals to apply for business loans online at an interest rate of 8.50% onwards. This loan is an initiative taken to ease the MSME Business and promote the self-employed business model in India by reducing the loan approval process and long queues at the bank. The Initiative (1:44) PSB Loan aims to get the business loan approved in 59 minutes that helps in reducing the 30-day long process of loan and receive the expected loan amount in 7-8 working days once approved. Banks that provide PSB loan in 59 minutes (3:46) SIDBI, SBI, BOB, PNB, Bank Of India, IDBI, Union Bank of India, UCO Bank, Kotak, IDFC First, IndusInd Bank, ICICI Bank, Yes Bank, etc. Products Available (4:16) PSB Loans in MSME Financing (4:57) How does it happen in 59 minutes? (5:31) Salient Features (6:46) Benefits to Lenders (10:14) PSB Loan in 59 minutes proved low-cost acquisition of the customers along with authenticated data with less paper work. It provides an in-built scoring model and auto loan assessment based on digital data analyst and less TAT for sanction and subsequent disbursement. It also helps in the development of new and innovative leading products. Benefits to Customers (12:03) BSP Loan in 59 minutes is launched keeping in mind the convenience of the customers, where they can apply with one online form to the multiple banks. The entire process is done digitally, which saves customer’s time and efforts to visit branches for applying for loans and also it provides competitive rates along with multiple offers. Fund Seeker Journey (12:43) Pradhan Mantri Mudra Loan (22:59) Mudra Scheme is a scheme of the Government of India to fund the unfunded people of India, by bringing such enterprises to the financial system and extending affordable credit balance to them. Any Indian citizen can avail the loan who has a plan for a non-farm sector income generating activity and needs less than Rs 10 lakh. FAQs on business loan (24:11) Institute for Industrial Development - Incubator with MSME, Govt. of India. Mission to impart detailed knowledge on various Govt. scheme under one roof. Know more about Institute for Industrial Development Visit: http://www.iid.org.in Facebook: http://www.facebook.com/IIDIncubator Twitter: http://www.twitter.com/IIDIncubator Instagram: https://www.instagram.com/IIDIncubator Mobile App: Entrepreneur India Live Android - bit.ly/Entrepreneurindialive Enquiry email - support@iid.org.in Call us on MSME Helpline - 7408733333, 7607655555 Addresses: DELHI OFFICE - Multi Disciplinary Training Centre Gandhi Darshan Rajghat New Delhi - 110002 LUCKNOW OFFICE - Samadhan Tower 27/1/B, Gokhale Marg Lucknow - 226001