SBI in collaboration with the SIDBI & other PSBs developed & adopted Contactless Lending Platform(CLP) for MSME loans.
This scheme is especially for CAs who are in practice for at least 5 years.
Brief features of the scheme are-
Procedure to apply for Loan
- Loan can be applied under the website sbiloansin59minutes.com.
- A new Borrower can click on “Register”. An already registered borrower can click on “Login”.
- The borrower can Login using User ID and password or through Registered Mobile No. and OTP.
- And then below page would appear on the site for Login-
- A brief process flow has been explained in the below slide
- And details of helpdesk in case of any issues-