How to Apply for PSB Loans Online to Get Approval in 59 Minutes. Step 1: Go to the MSME Loan in 59 minutes website and register through adding details such as name, email address, and mobile number, click on the OTP to get OTP number, agree to …To apply for the loan scheme, the entrepreneurs have to log in via the online portal and signup through it. After clicking on sign-up option, entrepreneurs have fill up the details of the application form pertaining to the loan ;· The application process for ‘59 Minutes Loan’. The application starts with a ‘new user’ registration on the official website, Step 1: Complete the sign-up process by entering your name, email and mobile number. Click …12/26/2020 · Applicants, who want to opt for loan, can log in on the ‘59 Minute portal’ and fill in a digitized application form. The documents will be verified online and the loan will be issued before the completion of one hour, starting from the minute you clicked on the application submission ;· 59 Minutes Loan: The scheme has been launched by: Finance Minister, Arun Jetley: The launch date is: November 2018: The target beneficiaries are: All MSME Business Entity: Maximum Loan Amount: 1 Cr: Minimum Loan Amount: No Limit: Interest rate: Depends on Business Type: Time to Repay Loan: Around 5 years: Credit Rating: Should be goodMSME Loan in 59 minutesMSME Loan In 59 Minutes: How To Avail It?Apply Online for 59 Minutes Loan (MSME Business) - PRADHAN MSME Loan in 59 minutes