Online PSB Loans Limited (OPL) is a revolutionary digital credit infrastructure company that develops and integrates cutting-edge technologies to automate and digitize the lending process for both borrowers and lenders, by creating a completely scalable system. The company offers credit delivery to MSMEs and retail borrowers by addressing their pain points. They roll out unique analytics and algorithms for AI/ML-based credit products and provide high-end Fintech solutions to credit institutions. The platform also provides lenders with high-quality data, helping them make credit decisions faster.
A pioneer in digitizing end-to-end lending, OPL has already built and is constantly scaling up the highly advanced technology for the Lending ecosystem. The speed and agility of execution are the best in the Fintech Industry. We offer a credit marketplace for borrowers and lenders by simplifying borrower experience and providing ease in credit access. We provide white-labelled solutions for credit institutions that include STP processes, and digital monitoring encompassing the lending lifecycle. Today, the company has uniquely positioned itself in the digital lending credit ecosystem.
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Some of their leading clients include SIDBI, State Bank of India, Bank of Baroda, Punjab National Bank, Indian Bank, Bank of India, Canara Bank, Bank of Maharashtra, Central Bank of India, IDBI Bank, Indian Overseas Bank, Punjab & Sind Bank, Union Bank, HDFC ltd., Kotak Mahindra Bank, IDFC Bank, IndusInd Bank, ICICI Bank, Yes Bank, Federal Bank, etc. To add to the above, Top Financial Institutions, Top Public Sector Banks & Global Credit Players have invested substantially in the Company and thereby hold Equity in the Company.
PSBLoansin59Minutes.com is a pathbreaking platform of OPL designed for the automation of credit to borrowers. As the name suggests, the platform has set a new benchmark by offering digital approval for Business (MSME) Loans, Mudra Loans, Retail (personal, home and auto) Loans, and Microfinance in 59 minutes from anywhere, anytime without having to visit the bank. India’s largest online lending portal, the platform is mapped to all current lending processes irrespective of the type of bank/lending institution. Currently, there are 88,000+ branches integrated into the platform with more than 1,50,000 bank users using it. It has processed more than Rs. 1,10,000 crore applications with more than Rs. 71,000 crore of disbursements.
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Launched in June 2022, JanSamarth is a unique one-stop digital portal for credit-linked government schemes. An initiative by the Government of India, the portal links 13 government schemes under 4 loan categories on a single platform for ease of access to all beneficiaries and stakeholders. The portal uses cutting-edge technologies and smart analytics to provide intuitive guidance to beneficiaries for checking subsidy eligibility, and the auto recommendation system offers the best suitable schemes as per beneficiaries’ requirements and credentials. Advanced technologies automate the entire lending process based on digital verifications making the whole process simple, speedy, and hassle-free.
OPL is actively seeking to expand its infrastructure to various industry sectors, enabling quick and easy access to finance. The company will soon launch two more products, GST-Sahay and FIT Rank, to make MSMEs' lives even easier.
GST Sahay is an on-tap invoice-based financing app for MSMEs. This APP enables MSMEs to compare loan offers from multiple lenders & choose the best one. The app facilitates cash flow-based lending to MSMEs leveraging GST data, Bank Account details & Bureau data.
Fit Rank on the other hand is a first-of-a-kind credit rank for MSMEs using Artificial Intelligence/Machine Learning. MSMEs are ranked based on Finance, Income, and Trade. This ranking model will take underwriting decisions a notch higher by leveraging, Bureau Data, Bank a/c details, ITR data, and GST data.
OPL creates multi-dimensional products that achieve significant outcomes. Thanks to technological advancements that have made it possible, credit is now easier, more convenient, and low-cost to get. Even a small ticket-size credit can be addressed with precision and easily made available to borrowers.
