My Money Karma Credit Score | Home Loans | Personal Loans Online
Verified On: 16 June 2019
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5 ways to reduce your credit card utilization and improve your credit score
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Get the loan of up to Rs. 1 crore within 59 minutes now!
You can get the loan of up to Rs. 1 crore within 59 minutes through MSME.
Key Features of this Scheme:-
- MSMEs can apply for loans from SIDBI (Small Industries Development Bank of India) and other partner banks through the Indian government’s new 59-minute loan portal.
- MSMEs can connect with these banks without physically visiting a branch.
- The entire procedure is devoid of any human intervention until the stage of sanction or disbursement of the loan.
- The sophisticated algorithm of the web portal reads and analyzes data gathered from sources like GST data, IT returns, bank statement, etc.
- There is no physical paperwork involved. The entire procedure, from application to disbursal of loan, is digitized.
- The MSMEs that are registered with GST may get a concession of up to 2% on the interest rate.
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