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NeoGrowth Business Loan
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NeoGrowth Business Loan
Interest Rate
15% - 24%
Loan Amount
₹1L - ₹75L
EMI Per Lakh
₹2,379 - ₹2,877
Processing Fees
Pre-Payment Charges
--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.
Documents Required for NeoGrowth Business Loan
Address proof | Passport |
Aadhaar card | Bank and financial statements |
PAN card | ITR statements |
Voter ID | Rental documents (if any office space is rented) |
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
Lenders | Interest Rates |
NeoGrowth | 18%- 24% |
Capital Float | 15%- 24% |
ZipLoan | 14% and above |
Innoviti | 16%-18% |
HDFC Bank | 1.90% – 21.35% |
Flexi Loans | 1% and above |
Bajaj Finserv | 17% and above |
NeoGrowth Business Loan Customer Care
- Email Address: helpdesk@neogrowth.in
- Customer Care Number: 18004195565/ 9820655655
Need Loan Assistance?
Connect with Business Loan Advisor Now!
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Neogrowth Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
How to apply for a business loan in NeoGrowth online?
Go to the Neogrowth website, and on the top right corner of the page, you will find an Apply button. Browse through their schemes and apply for a loan suitable for your business.
What are the documents required for NeoGrowth Business Loan?
Identity proofs like Aadhaar card, PAN card, Voter ID, along with address proofs, bank and financial statements, ITR statements and rental documents (for rented business space), are the documents required to avail for NeoGrowth business loan.
What are the benefits NeoGrowth Business Loan provides?
Minimal documentation, top-up loans, quick disbursals and flexible repayment options are some of the benefits of availing a NeoGrowth business loan. Additionally, the loans provided by the company are collateral-free.
What is the interest rate of a business loan in NeoGrowth?
NeoGrowth business loan interest rates range from 18% to 24%.
What is loan foreclosure?
When you pay off the loan amount at once without paying it in multiple EMIs, it is called loan foreclosure.
What is the maximum and minimum business loan amount I can get from NeoGrowth?
NeoGrowth offers loan amounts ranging from INR 1 Lakh to 1.5 Crores, depending on the type of loan you apply for.
Does NeoGrowth check for CIBIL Score for a business loan?
The CIBIL Score of the applicants is a primary eligibility criterion for lenders. NeoGrowth assesses your CIBIL Score before sanctioning your loan application. To be on the safer side, always maintain a CIBIL Score of 750 and above.
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