NeoGrowth Business Loan

Note: The mentioned interest rates are subject to change and depend on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Note: The mentioned interest rates are subject to change and depend on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

• Minimum 2 years of business experience
• Last 6 months’ bank statement
• Sales of more than Rs. 2 lakh/month from online channels
• Applicant should be Indian citizen

Financial documents not required

NeoGrowth offers business loans based on the current cash flow of the business. Financial documents are not required by the NBFC before loan sanctioning. Business stability and performance are checked on priority before sanctioning loan.

Doorstep Service

Applicants are just required to fill the application form online and relax, as they are not required to visit the office for any loan formalities. Desired cash flow shall be provided once the application form is processed and documents are verified by NeoGrowth within 3 days.

Minimum paperwork

The required documents are very limited that include basic proofs and bank statement. Loan application form is already submitted online, therefore no physically depositing form at the bank’s branch. However, all the required documents can be collected from the applicant’s location itself.

• Address proof – Residence
• Business address proof
• Valid passport
• Voter’s ID card
• Aadhaar Card
• Rent Agreement
• PAN card
• VAT Certificate

Established in 2013, NeoGrowth is a NBFC specialized in providing business loans to retailers and online sellers. The company started operations 6 years back and have expanded to various cities that include Ahmedabad, Delhi, Chennai, Pune, Hyderabad, Mumbai, Bengaluru, Chennai, Coimbatore, Pune, Kolkata, Hyderabad, Jaipur, Chandigarh, Lucknow, Ludhiana, Surat, Mysore, Madurai, Nagpur, Indore, Vizag, Vijayawada and Vadodara.

Under RBI Act 1934, NeoGrowth has a certificate of Registration under section 45-1A.

NeoGrowth is backed by various renowned investors, such as Aspada Investment Company, IIFL Seed Ventures Fund, Omidyar Network, Khosla Impact, Accion Frontier Inclusion Fund – Quona Capital and Leapfrog Investments.

NeoGrowth partners with various industries and sectors that are as follows:

• Apparel
• Consumer durables
• Electronic items
• Food and Grocery
• Footwear & Accessories
• Gift Shops
• Gyms
• Handicraft
• Health and Diagnostic Centres
• Hotels
• Opticians
• Restaurants

Contact Us:

For any information email at digital@neogrowth.in or helpdesk@neogrowth.in

or call at Customer Support: 18004195565 / 9820655655

For business loan just give a missed call at 9222272881 

NeoGrowth Credit Pvt. Ltd. (Corporate Office)

503, Tower 2B,
One India Bulls Centre,
841 S.B. Marg,
Mumbai – 400 013, India
Phone: +91 22 4921 9999

Ques. At what interest rate I can get business loan?

Ans. For retail purposes you can get business loan at 24% onwards and in case of vendor finance the interest rate offered is 21% onwards.

Ques. Can I pre-pay my loan anytime during the tenure?

Ans. Yes, you can pre-pay the loan anytime without any extra charges.

Ques. What is the minimum and maximum loan amount I can get from NeoGrowth?

Ans. The minimum loan amount is Rs. 2 lakh whereas the maximum loan amount offered is up to Rs. 75 lakh.

Ques. How much time does it require to get a business loan from NeoGrowth?

Ans. It takes around 3-5 days for processing the documents and loan is disbursed in 24-48 hours after sanction.

Ques. How will the loan be disbursed to me?

Ans. The loan will be disbursed either in form of NEFT or RTGS.

Ques. What is the repayment tenure of business loan?

Ans. The minimum loan repayment period is 6 months and goes up to 24 months.