Personal Loan in 59 Minutes – Documents, Eligibility Info

Personal loans would be disbursed within 59 minutes. From September 1st, many Indian banks are going to introduce ‘psbloansin59minutes’ services at their various branches across the country. Our sources at Oriental Bank of Commerce informed that they are prepared and would introduce the ‘psbloansin59minutes’ from September 1.

PSB Loan in 59 minutes: Eligibility Criteria

For the Business which already exist the borrower should be GST, IT compliant and should have Six Months Bank Statement. The Loan Eligibility will be determined on the following factors:

  • Income/Revenue
  • Repayment Capacity of the Borrower
  • Existing credit facilities
  • Other factors set by the Financial Lender
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Top Personal Loan Banks in India
ICICI Bank Personal loan 10.99 – 16.50%
Kotak Mahindra Personal loan 10.50 - 17.25%
Standard Chartered Personal loan 11.00 - 15.00%
HDFC Personal loan 10.75 - 20.75%
Bajaj Finserv Personal loan 11.99% onwards
IndusInd Bank Personal loan 11.25% onwards
SBI Personal loan 11.65% - 15.05%
Citibank Personal loan 10.99%
Tata Capital Personal loan 11.25% - 19%
Fullerton Personal loan 11.99 - 26.00%