NeoGrowth Business Loan

Highlights of Neogrowth Business Loans
Interest Rates	18%-24% p.a.
Loan Amount	Up to Rs 75 lakh
Tenure	Up to 7 years
Processing Charges	Up to 5%

Rates as of 11th September 2023

Neogrowth Business Loan Interest Rates

Loan Type	Interest Rates (p.a.)
NeoCash Retail	18% onwards
Vendor Finance	18% onwards
NeoCash and Vendor Plus Loans	15% onwards
Purchase Finance	18% onwards
Accelerator	23.99% onwards
Purchase Finance Pay Later	24% onwards

Neogrowth Business Loan Fees and Charges

Loan Type	Processing Charges
NeoCash Retail	Up to 5% of loan amount
Vendor Finance	Up to 5% of loan amount
NeoCash and Vendor Finance Plus Loans	2% of loan amount
Purchase Finance	Up to 5% of loan amount
Accelerator	3% of loan amount
Purchase Finance Pay Later	Up to 5% of loan amount

Types of Neogrowth Business Loans

Neogrowth Retail Finance

NeoCash

Product: Neogrowth offers NeoCash business loans, short-term business loans to small and medium enterprises having point of sale machines or online sales.

Loan Amount: Rs 1 lakh-Rs 75 lakh

Tenure: Up to 3 years

NeoCash Express

Purpose: NeoCash Express Loans are quick loans offered to retailers with simplified features and application

Loan Amount: Rs 9 lakh-Rs 20 lakh

Tenure: Up to 2 years

NeoCash Insta

Purpose: NeoCash Insta Loans are offered to applicants engaged with small and medium enterprises with instant online approval and speedy disbursal

Loan Amount: Up to Rs 8 lakh

Tenure: 500 days/720 days

Neocash Emerger Plus

Purpose: Neocash Emerger Plus are secured business loans for retailers offered against residential, commercial, industrial, warehouse or vacant land property. It also offers balance transfer and top up on existing loans with other financiers

Loan Amount: Up to Rs 50 lakh

Tenure: Up to 7 years

Neogrowth Supply Chain Finance

Neogrowth Vendor Finance Loan

Purpose: Neogrowth offers Vendor Finance, a supplier friendly loan facility, to vendors, suppliers, service providers and manufacturers catering to large corporates, i.e. corporates with turnover of more than Rs 250 crore.

Loan Amount: Rs 25 lakh-Rs 75 lakh

Tenure: Up to 3 years

Neogrowth Accelerator

Purpose: Accelerator business loans are collateral-free term loans offered to manufacturers, traders, dealers, distributors and service providers having GST registration. Neogrowth Accelerator Business Loan eligibility depends on the KYC and banking data of its applicants and not on their financials.

Loan Amount: Rs 15 lakh, Rs 20 lakh, Rs 25 lakh

Tenure: 2 years-30 months

Neogrowth Purchase Finance

Purpose: Purchase finance is a sourcing friendly loan facility offered to traders, manufacturers and service providers who purchase trading goods and raw materials from large corporates or who are channel partners of large corporates. Neogrowth also offers a PayLater Open option to its Purchase Finance applicants, with 50% of the loan amount offered as term loan facility and 50% as credit limit.

Loan Amount: Rs 15 lakh-Rs 75 lakh

Tenure: 2-3 years

Neogrowth Supply Chain Emerger Plus

Purpose: Neogrowth offers Supply Chain Emerger Plus loan facility to traders, manufacturers or service providers against their residential, commercial, industrial, warehouse or vacant land property. Applicants can also avail Supply Chain Emerger Plus Business Loans as top up or balance transfer on existing loans. The eligibility for Neogrowth Supply Chain Emerger Plus loan is based on liquid income or ITR of its applicants.

Loan Amount: Rs 15 lakh-Rs 50 lakh

Tenure: Up to 7 years

Eligibility Criteria for Neogrowth Business Loans

• Offline and online retailers are eligible for Neogrowth Business Loans
• Average monthly online sales of the business should be at least Rs 1 lakh
• Business operations for at least 2-3 year