Is PSU Banks offer Auto and home loans within 1 hour?

Recently a portal launched for give a loan upto 1 Crore to Micro, Medium and Small enterprise (MSMEs) in just 59 minutes or less than an hour. Some banks like SBI, Corporations banks and Union Bank decided to extend in- principle approval up to 5 crore.

Also Bank of India (BOI) is planning to some retails products in hand with easy process.

The portal namedĀ  ‘psbloansin59minutes’ is launched to expand the retail loan business. Public Sector Banks are gearing up their business in retails products includings Auto loans and Housing Loans.

Public sector banks are gearing up to put up retail products, with include housing and auto loans, portal is created forĀ  ‘psbloansin59minutes’ expand their retail loan business.

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