Is PSB59 a final sanction?

No. It is an in-principle approval. Final sanction is subject to the bank's own verification and policies.

PSB 59 in Vijayapura — Eligibility, Funding & How to Apply | Info Tree

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Overview

This guide is tailored for applicants in Vijayapura. PSB59 (psbloansin59minutes.com) is a fintech-enabled platform where MSMEs upload GST returns, ITRs and bank statements and receive an in-principle approval for working capital or term loans within 59 minutes. Final sanction and disbursement happen at the chosen bank branch.

Why it matters

Local support in Vijayapura: Infotree's consultants understand the local business ecosystem and help Vijayapura-based founders, MSMEs and entrepreneurs apply with confidence.

Key features

In-principle approval within 59 minutes
Integrated with GSTN, ITR and bank statement data
Multiple PSU and private banks on a single platform
Loans from ₹1 lakh to ₹5 crore

Eligibility

GST-registered MSMEs
At least 6 months of bank statements and last filed ITR
Clean credit history

Benefits

Significantly faster in-principle approval
Single application, multiple bank offers

Required documents

✓GST returns (12 months)
✓ITR (last filed)
✓Bank statements (6 months)
✓Business PAN and KYC

Application process

1
Register
Create an account on the PSB59 portal.
2
Upload data
GST, ITR, bank statements uploaded or fetched via API.
3
In-principle approval
Receive in-principle sanction letter within 59 minutes.
4
Branch processing
Visit chosen bank for final sanction and disbursement.

FAQs

Yes. PSB 59 are open to eligible applicants based in Vijayapura. Infotree Services Private Limited helps Vijayapura startups, founders, MSMEs and entrepreneurs check eligibility, prepare the project report and pitch deck, and file the application end-to-end.

Conclusion

For businesses and entrepreneurs in Vijayapura, Infotree Services Private Limited can guide your PSB 59 application from eligibility to disbursement.

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PSB 59 in Vijayapura