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.

Founded in

India