NeoGrowth Business Loan

Features and Benefits of NeoGrowth Business Loan 

• Customer-focused: NeoGrowth prioritises its customers. They make financing easy and hassle-free for all SMEs.
• Repayment at your Comfort: With flexible repayment options, you can repay your loan at your own pace and comfort. They also provide direct deductions from sales, so that manual repayment is eliminated.
• No Collateral: Unlike traditional financing houses where the collateral is a mandate, NeoGrowth has come up with no collateral schemes making the loan process easy and fun.
• Top-Up Facilities: If you are an existing customer at NeoGrowth and you make sure that your repayments are on time. The company offers top-up on loans with a minimal documentation process.
• High Loan Amount: NeoGrowth offers loans ranging from INR 1 Lakh to INR 1.5 Crores, depending upon the type of loan you choose.

Eligibility Criteria for NeoGrowth Business Loan 

• Minimum of 2-3 years of business operations
• Banking and financial statements
• A credit score of more than 650
• Should be of 18 years or above and must be an Indian Citizen
• In case you are an online seller, the monthly revenue should be more than INR 2 Lakhs

Documents Required for NeoGrowth Business Loan

EMI Calculations For NeoGrowth Business Loans

NeoGrowth provides you with an EMI calculator that helps calculate the Estimated Monthly Instalment on your loan. By entering the loan amount, tenure and rate of interest in the given spaces on their website, you can calculate the EMI on your loan. 

The applied formula is:

EMI = P × r × (1 + r)n/((1 + r)n – 1) 

Note: This calculator provides indicative results on the basis of the amounts you enter. It is only a conceptual indication provided for comparative analysis. NeoGrowth won’t take up responsibility for any inaccuracy for the calculator.

Comparison with Other Lenders 

NeoGrowth Business Loan Customer Care

• Email Address: helpdesk@neogrowth.in
• Customer Care Number: 18004195565/ 9820655655