Reviewed by the CreditCares advisory desk · 13 years in business finance · Last updated 10 July 2026
In-principle approval in 59 minutes.
The psbloansin59minutes portal gives MSMEs an in-principle approval for loans from ₹1 lakh to ₹5 Crore — using your GST, ITR and bank-statement data instead of a paper file.
Your compliance data is your application
The portal pulls GST returns, ITR and bank statements digitally, runs the credit assessment, and issues an in-principle approval from your chosen public sector bank — often within the hour.
Final sanction still happens at the branch after verification, but the data-first route removes weeks of back-and-forth. Strong, consistent GST and banking data is what makes files sail through.
Who is eligible?
- GST-registered business with filed returns
- IT returns filed for the business / promoters
- 6+ months of banking history
- Any constitution — proprietorship to private limited
- No NPA / default history
Documents you'll need
- GST login credentials for data pull
- ITR e-filing details / XMLs
- 6 months' bank statements (PDF or net-banking pull)
- Director / proprietor KYC
- Ownership details of the enterprise
Want your file pre-approved before you walk into a branch? We map your profile to the right lenders, prepare a bank-ready file and coordinate until disbursal — at no upfront cost.
Check your eligibility