NeoGrowth is a leading NBFC company that provides easy & quick business loans in India. Provide different types of loans for businesses such as retail shop, restaurant, online merchants, hospitals, clinics, petrol pumps, clinics, salons, private business, distributors, pos machine and online retailers. Get business loan upto 75 lakhs.

Following are the types of Neogrowth SME Business Loans –

Loans Amount Tenure
Micro 2 Lakhs- 10 Lakhs 6-8 months
Small Loans Up to 25 Lakhs 8 months
Business Loans Up to 50 Lakhs 8-12 months
Elite/Signature Loans Up to 1 Cr 12-24 months

Neogrowth SME Business Loan Interest Rate, Charges, Fees and Commissions

Processing Time 3 days NA
Interest Rate 24% onwards
Processing Fees 2% + ST
PrePayment Fees Nil
Tenure 6 to 24 months

NeoGrowth SME Business Loans for Retailers- Features & Benefits

It’s way faster, way easier ! Here’s why –

  1. Minimum documentation: Simplifying the loan process by asking you minimal documentation & offer doorstep service to collect the same.
  2. Current business performance, not historic financials: Now, isn’t that music to your ears? We believe in looking more at your current business performance and stability. Loan approvals are based on current and future cash flows and not historic financial statements of the business. In fact, our experience and research tell us that traditional underwriting methods in India exclude more than 50% of creditworthy SMEs. And this is exactly the set we want to serve.
  3. Just sit back and watch the loan amount flow into your bank account: That’s right – You will never need to visit NeoGrowth office – we will come to you. NeoGrowth’s in-house technology platform, AdvanceSuite and our modern underwriting approach will ensure that the money flows into your account in 3 days flat. In fact, we are on our way to reducing this to just 30 minutes!

Neogrowth Business loans are exclusively designed for:

a) Businesses who uses EDC/POS card swipe machine. In short- you need to accept credit/debit cards.

b) Business who sell Online either through Marketplaces like Amazon, Flipkart, Snapdeal etc or have their own online portal.

Documents Required

  • VAT certificate of the business
  • Business PAN Card
  • Address Proof (Both Residential and Business) – Passport, Voter’s ID Card, Rent Agreement, Aadhar Card
  • VAT certificate of the business

Address: 911 & 912, Ansal Bhawan, Kasturba Gandhi Marg, Connaught Place, New Delhi, Delhi 110001

Neo Growth Contact Number

For further details and product information contact the executives on 91- 2249219999. The experts are available on all working days during the working hours. So, the customer care service can be availed on any of the working days.

Neogrowth Credit Pvt. Ltd. is located currently in all major cities. The applicant living in the following location can avail the benefit of business loan:

  • Delhi
  • Ahmedabad
  • Jaipur
  • Mumbai, Maharashtra
  • Chennai
  • Banglore
  • Hyderabad
  • Kolkata
  • Pune
  • Chandigarh

 

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Neogrowth Business Loan – Interest Rates March 2019

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