You can apply for an instant business loan through NeoGrowth. This is a digital loan approval process. NeoGrowth offers up to 75 lakhs instant loans. You may get different types of loan products like NeoCash, NeoCash Express, NeoCash Insta, NeoCash Emerger Plus, Vendor Finance, Accelerator, Purchase Finance, and Supply Chain Emerger Plus.
The interest rate starts from 19% to 24% p.a. Let’s start the application for a NeoGrowth business loan.
NeoGrowth Business Loan Quick Recap
|Loan Amount||Rs. 50,000 – Rs. 75 lakh|
|Interest Rates||19%- 24% p.a.|
|Processing Fees||Up to 4%|
|Loan Tenure||1 year to 7 year|
|CIBIL Score||-1 / 700+|
|Eligible For||Self-Employed Business|
Benefits of NeoGrowth Business Loan
Fast Processing: The disbursement process is fast. It will take a maximum of 72 hours to get the money to your account.
Minimum Documents: The documentation process is simple. You will need KYC documents & Trade License to apply for a NeoGrowth loan.
High Ticket Loan: NeoGrowth provides up to 75 lakhs instant loan & you can borrow the loan as per your requirement.
Repayment Tenure: You may pay the loan within 7 years.
No Collateral: You can apply for a NeoGrowth business loan without collateral.
Top-up Loan: If you need more money, you can get the top-up loan facility through NeoGrowth.
Also Read: FlexiLoans Business Loan
NeoGrowth Business Loan Eligibility
The following eligibility criteria will require to apply for a NeoGrowth loan:
- Indian Citizen
- The customer’s age should be 18 years or above
- The monthly average online business sale should be 1 lakh
- Minimum 2 years of business experience required
- CILBIL Score should be -1 or 680 required
Documents Required for NeoGrowth Loan
- Applicant Aadhaar Card
- Pan Card
- 2-year vintage proof (Trade License)
- Last 1 year’s bank statement
- VAT registration Certificate
NeoGrowth Loan Interest Rate
|Minimum Interest Rates||19% p.a.|
|Maximum Interest Rates||24% p.a.|
Also Read: How to get business loan up to 30 lakh
NeoGrowth Business Loan Fees & Charges
|Type of Loan||Processing Charges|
|Accelerator Finance||Up to 2.25% of the loan amount|
|NeoCash Retail||Up to 4%|
|Vendor Finance||Up to 2.25%|
|NeoCash Loan||2% of the loan amount|
|Vendor Finance Plus Loan||2% of the loan amount|
|Purchase Finance||Up to 4%|
How to Apply for NeoGrowth Business Loan
Step 1: Click on the “NeoGrowth Business Loan” button.
Step 2: Fill in the details carefully.
Step 3: Now, NeoGrowth customer cares check your eligibility.
Step 4: After eligibility, your documentation process will start.
Step 5: Send your documents to [email protected].
Step 6: Within 72 hours, you will get the money.
NeoGrowth Business Loan Customer Care
You may contact NeoGrowth customer care for any queries. Customer cares are happy to help you.
Customer Care Number: 1800-419-5565/ 9820655655 (Mon to Sat 10 AM – 6 PM)
Official Email ID: [email protected]
Mention clearly your queries. Customer Care will reply to your message within 24 hours.
FAQs on NeoGrowth Business Loan
Can I apply for a NeoGrowth loan without ITR?
You may apply for a loan without IT File. But, Trade License or other documents (GST File) will require.
Is NeoGrowth RBI registered?
Yes, NeoGrowth is an RBI-registered NBFC company.
What is the NeoGrowth interest rate?
NeoGrowth provides a 19% to 24% interest rate per annum.
What loan amount NeoGrowth offer?
NeoGrowth offers Rs.2 lakhs to Rs.75 lakhs instant loans.