SBI launches 'SME Digital Business Loans', to sanction loans in 45 minutes.

Banking & Finance

“This innovative product marks a significant leap forward in digitalisation by offering SMEs a digital loan journey with an end-to-end sanction turnaround time of up to 45 minutes,” SBI said in a statement. The proposition eliminates the need for traditional credit underwriting and lengthy appraisal processes, ushering in a new era of simplicity, speed, and accessibility in MSME lending.


      Waives of financial statement requirement for SME loans below Rs 50 lakh.

      The country’s largest lender, State Bank of India (SBI), has floated ‘SME Digital Business Loans’ with the aim of sanctioning loans in 45 minutes.

     

 

     


About SBI

Chairman -Dinesh Kumar Khara
HQ - Mumbai
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