Neogrowth Business Loan

1. Minimum documentisation is required.
2. Your current business performance will decide whether you will be eligible to receive the loan instead of how your business has fared in the past.
3. The loan amount will be disbursed to your account in 3 days flat after the documents submitted by you are verified.

Eligibility criteria you will have to fulfill in order to avail a business loan for Retailer with EDC/POS machines from Neogrowth

1. You must make your sales using EDC/POS machines.
2. You must have a minimum business experience of 2 years.
3. You must have used your credit/debit card swiping machine for a minimum of 1 year.
4. You must be able to show an average monthly card sale of over Rs.2 lakh per month.

Documents required

1. VAT certificate of the business
2. PAN Card
3. Proof of address such as passport, Aadhaar Card, etc.

Business Loan for Online Sellers

Features and benefits of availing a business loan by online sellers

1. Minimum documentisation is required.
2. Your current business performance will decide whether you will be eligible to receive the loan instead of how your business has fared in the past.
3. The loan amount will be disbursed to your account in 3 days flat after the documents submitted by you are verified.

Eligibility criteria you will have to fulfill in order to avail a business loan for online sellers from Neogrowth

1. You must have made sales of more than Rs.2 lakh from online channels.

Documents required

1. Bank statements for the last 6 months
2. PAN Card
3. VAT certificate of the business
4. Proof of address such as passport, Aadhaar Card, etc.

Types of Loan Offered by Neogrowth 

How to Apply for a Business Loan from Neogrowth?

1. Visit the official website of Neogrowth.
2. Click on 'Business Loans'. You will be directed to a new page.
3. Click on 'Apply for Loan' which is located at the top of the page.
4. Enter the details such as your name, email ID, city, phone number, business experience, and the annual turnover of your business.
5. Click on either yes or no for the question 'Do you accept card payment'.
6. Click on the box 'I am not a robot' for security purposes. Click on the box which states that you allow Neogrowth to call on the phone number provided by you.
7. Click on 'Let's Talk'.
8. A Neogrowth representative will get in touch with you and will assist you with the process of applying for a business loan.
9. The lender's underwriting team will verify the documents submitted by you. Once they are satisfied that all the documents submitted by you are correct, the loan amount will be disbursed to your bank account.

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