NeoGrowth Business Loan

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Neogrowth provides business loans without collateral for both online and offline businesses like retailers, vendors, manufacturers, distributors, traders, and dealers. They offer different types of loans such as NeoCash, NeoCash Express, NeoCash Insta, NeoCash Emerger Plus, Vendor Finance, Accelerator, Purchase Finance, and Supply Chain Emerger Plus. For NeoCash Business Loans, which are for small and medium enterprises with Point of Sale (PoS) machines or online sales, borrowers repay the loan directly from their online sales or sales made through their PoS machines. Neogrowth also offers additional loans to existing borrowers who have been repaying on time.

Highlights of Neogrowth Business Loans

Interest Rate 15%-39.6% p.a.
Loan Amount Up to Rs 75 lakh
Processing Charges Up to 5%
Tenure Up to 7 years

*Terms and conditions apply.

Loan Type Interest Rates (p.a.)
NeoCash Retail 18%-39.6%
NeoCash and Vendor Plus Loans 15%-25%
Vendor Finance 18%-30%
Accelerator 23.99%-26.99%

Comparison Table of Business Loan Interest Rates offered by MybankingTips Partners:

Bank/NBFC/Fintech Interest Rate
SBI Bank 9.10% p.a. Apply Now
HDFC Bank 10.00% - 22.50% p.a. Apply Now
Kotak Mahindra Bank 16% p.a. onwards Apply Now
RBL Bank 14%-26% p.a. Apply Now
ICICI Bank Up to 17% p.a. Apply Now
Axis Bank 10.75% p.a. Apply Now
IDBI Bank 8.05% to 13.45% p.a Apply Now
Bank Of Baroda 10% to 15% p.a Apply Now
Ujjivan Small Bank Up to 2.50% Apply Now
Bajaj Finserv 9.75% - 25% p.a. Apply Now
IIFL Finance 12.75% - 44% p.a. Apply Now
FlexiLoans 1% per month onwards Apply Now
ZipLoan 1% - 1.5% per month (Flat) Apply Now
Indifi Finance 1.5% per month onwards Apply Now
Five Star Business Finance Up to 2% Apply Now
Lendingkart Finance 1.25% per month onwards Apply Now
Tata Capital Finance 12% p.a. onwards Apply Now
NeoGrowth Finance 15% p.a. onwards Apply Now
Hero FinCorp Up to 26% p.a. Apply Now
Aye Finance Up to 2.5% Apply Now
Clix Capital Up to 3% Apply Now
Protium Finance Up to 1.5% Apply Now
HDB Finance 8% - 26% p.a. Apply Now
U GRO Capital Up to 9% p.a. Apply Now
Mcapital Business Up to 2% p.a. Apply Now

Also read: Best Business Loan Interest Rate

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

Also read: Best Business Loan EMI Calculator

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Neogrowth Retail Finance


Product: Neogrowth provides NeoCash business loans, which are short-term loans for small and medium enterprises that use point of sale machines or make sales online.

Loan Amount: Rs 1 lakh-Rs 75 lakh

Tenure: Up to 3 years

NeoCash Insta

Purpose: NeoCash Insta Loans are for individuals involved in small and medium enterprises, providing instant online approval and quick disbursal of funds.

Loan amount: Up to Rs 8 lakh

Loan tenure: 500 days/720 days

NeoCash Express

Purpose: NeoCash Express Loans are quick loans designed for retailers, with simple features and an easy application process.

Loan amount: Rs 9 lakh-Rs 20 lakh

Loan tenure: Up to 2 years

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Neocash Emerger Plus

Purpose: Neocash Emerger Plus are secured business loans for retailers that are backed by residential, commercial, industrial, warehouse, or vacant land property. Additionally, it provides options for balance transfers and top-ups on existing loans from other financiers.

Loan amount: Up to Rs 50 lakh

Loan tenure:  Up to 7 years

Neogrowth Supply Chain Finance

Neogrowth Accelerator

Purpose: Accelerator business loans from Neogrowth are term loans for manufacturers, traders, dealers, distributors, and service providers who are registered for GST. Eligibility for Neogrowth Accelerator Business Loans is determined based on the KYC and banking information of applicants, not their financial records.

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

Tenure: 2 years-30 months

Neogrowth Vendor Finance Loan

Purpose: Neogrowth provides Vendor Finance, a loan option for vendors, suppliers, service providers, and manufacturers who work with big companies, ones with a turnover of over Rs 250 crore.

Loan Amount: Rs 25 lakh-Rs 75 lakh

Tenure: Up to 3 years

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Neogrowth Supply Chain Emerger Plus

Purpose: Neogrowth provides the Supply Chain Emerger Plus loan for traders, manufacturers, or service providers using their residential, commercial, industrial, warehouse, or vacant land as security. Applicants can also use this loan to top up or transfer existing loans. Eligibility for the Neogrowth Supply Chain Emerger Plus loan is based on the applicant's liquid income or Income Tax Returns (ITR).

Loan Amount: Rs 15 lakh-Rs 50 lakh

Tenure: Up to 7 years

Neogrowth Purchase Finance

Purpose: Purchase finance is a loan option for traders, manufacturers, and service providers who buy goods and raw materials from big companies or work as partners with them. Neogrowth also provides a PayLater Open feature to applicants of Purchase Finance, where 50% of the loan amount is given as a term loan, and the other 50% is offered as a credit limit.

Loan Amount: Rs 15 lakh-Rs 75 lakh

Tenure: 2-3 years

Also Read Best Business Loan Documents Required

  • Both offline and online retailers qualify for Neogrowth Business Loans.
  • The business must have been operating for at least 2-3 years.
  • The business should have monthly online sales averaging at least Rs 1 lakh.

Also read: Best Business Loan Eligibility

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