Company Information

Get to know Online PSB Loans

Launched in 2018, Online PSB Loans Ltd. operates the "PSB Loans in 59 Minutes" portal, a strategic government initiative led by the Small Industries Development Bank of India (SIDBI) and a consortium of Indian Public Sector Banks (PSBs). The fintech platform is designed to automate and digitize the loan application and approval process for Micro, Small & Medium Enterprises (MSMEs) as well as retail customers (for home, personal, and auto loans). Its mission is to streamline access to credit by using advanced algorithms to analyze data from sources like GST, Income Tax Returns, and bank statements, providing an in-principle decision within 59 minutes.

Industry

Financial FundraisingPRIMARY
Financial Other Service

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Online PSB Loans

India

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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2017

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Security Information :

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Security Information

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This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.