NeoGrowth Business Loan


  • Avail business loan of up to Rs.15 lakh without submitting the ITR
  • Easy Daily Repayment Model through POS/Swipe Machine

NeoGrowth offers unsecured loans up to 75 lakhs to MSME, SME merchants and business owners. NeoGrowth has helped 13000+ businesses to grow with their innovative POS based loans. Their quick loan disbursement, doorstep service for document collection, a dedicated customer service team to attend to your needs make your loan application and repaying back hassle-free. The loans are short-term with a tenure up to 36 months and hassle-free with the facility of daily repayment. The underwriting methods and repayment model make their product stand apart and a perfect fit for SME owners.

NeoGrowth offers business loans to:

  1. Retail business owners who accept credit/debit cards or other digital payments from customers.
  2. Vendors who provide services to large corporates.

Business Loan

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    Business Loan for Retail Owners

    Interest Rate24% APR onwards
    Loan AmountRs.1-75 Lakh
    Tenure18 to 36 months
    Processing FeeUp to 3% of the loan amount
    Prepayment Charges5% on outstanding principal as on the date of prepayment

    Business Loan for Vendors

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    Highlighting key points of business loans

    NeoGrowth Provides Loan Based on Credit/Debit Card Swipes & Online Sales

    NeoGrowth offers business loan funding to the retailers simply on the basis of credit/debit card swipes. Well, which simply means you just need to swipe either your debit or credit card in order to receive the funds in just 3 days. Now, this makes the entire funding process much simpler and faster.

    Vendors Loans are Based on the Receipts They Get from Large Corporates:

    Vendors to large corporates are financed based on their receipts received from large corporates. The vendors can avail a business loan up to Rs.75 lacs provided sum of total receipts from large corporates is greater than Rs. 5 lacs per month in the last six months.

    Usage of POS (EDC) Machine for at Least 6 Months:

    If you want to avail the business loan, make sure your POS (EDC) machine has been in the usage for at least 6 months. For a smooth funding process and to avoid any sort of hassle, it is important that your machine has been operational. So, it is better that you make the note of the same.

    No ITR Required for Loans upto 15 lacs :

    One of the biggest highlights is the fact that for a loan amount of up to Rs.15 lakh, an applicant doesn’t need to submit an ITR to the lender, isn’t it exciting, of course, it is! Well, this gives you the liberty, wherein you can freely apply for a loan of up to Rs.15 lakh and meet your business needs without worrying about Income Tax Return.

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    Easy Daily/Weekly & Fortnightly Repayment Model Through POS/Swipe Machine:

    Now, what if we tell you that you can easily payback your loan with daily repayment model through POS/Swipe machine? Would be you able to believe the same? Well, of course, you have to. Yes, now repaying your business loan with NeoGrowth has become really quick and easy as all you have to do is just use POS/swipe machine to repay your loan and that too daily.

    Eligibility Criteria for a Business Loan:

    For Retail Businesses:

    • Retail Business with POS (EDC) machine
    • Usage of POS (EDC) machine for at least 6 months
    • Minimum Average Card Sale of Rs.1 lakh for the last 6 months
    • Usage of POS (EDC) machine for at least 14 days in a month
    • Business existence of at least 2 years

    For Vendors of Large Corporate:

    • Total receipts from large corporates (companies with a turnover of more than 100 crores) per month should be great than Rs. 5 lacs in the last 6 months
    • Business existence of at least 3 years

    Requisite Documents for Application:

    Individual Documents

    • Individual Pan card
    • Applicant Photo

    Business Documents

    • Proof of Business address
    • License Agreement or Maintenance receipt
    • Latest utility bill in name of the firm

    Proof of business registration of a firm

    • The license issued by Municipal under shops and Establishment Act
    • GST registration certificate
    • Trade License


    • Bank Statement
    • Income tax returns (for a loan amount of above 15 lacs)

    How To Apply

    The candidate can apply online by filling the online application form available at the official website. Once the application form is submitted the company representatives will visit you to collect the requisite documents. After the evaluation of documents, the loan will be disbursed in your account.

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    NeoGrowth Business Loan EMI Calculator

    EMI stands for Equated Monthly Installment. It is the convenient monthly amount that the borrower has to pay to settle the loan availed. The EMI consists of both principal and interest amount. This amount can be computed using the Business Loan EMI Calculator, a device designed specifically to help the borrower know his monthly installment amount. It’s working is very simple. Just the information regarding the loan amount, tenure and rate of interest is to be filled in the calculator. Then, it will automatically calculate the result. And will reveal the total interest amount charged on the loan alongwith the total repayment amount.

    For Example – An owner of an E-Commerce company avails a loan of Rs. 5,00,000 for the period of 2 years at the rate of interest say 16% p.a. then his computed EMI value will be Rs. 24,482.

    Table Showing EMI, Total Interest Amount and Total Repayment Amount

    Loan Amount
    (in Rs.)
    Interest Rate
    (in years)
    (in Rs.)
    Total Interest Amount
    (in Rs.)
    Total Repayment Amount (Principal + Interest)
    (in Rs.)

    Amortization Table

    (in Rs.)
    (in Rs.)
    Balance Amount
    (in Rs.)

    Features & Benefits

    • Loan amount from Rs.1 lakh to Rs.75 lakhs
    • Quick Disbursal
    • Loan tenure of 18 to 36 months
    • Easy daily repayment model through POS/Swipe machine
    • Flexible repayment modes
    • No financial documentation up to Rs. 15 lakhs

    NeoGrowth Contact Number

    For further details and product information contact the executives on 9222272881. The experts are available on all working days during the working hours. So, the customer care service can be availed on any of the working days.

    NeoGrowth Credit Pvt. Ltd. is located currently in all major Tier 1, Tier 2 and Tier 3 cities. The applicant living in the following locations can avail the benefit of business loan:

    Tier 1: Bangalore, Chennai, Delhi, Hyderabad, Mumbai, Pune

    Tier 2: Ahmedabad, Chandigarh, Jaipur, Coimbatore, Surat, Vijayawada

    Tier 3: Kolkata, Baroda, Indore, Lucknow, Ludhiana, Madurai, Mysore, Nagpur, Visakhapatnam

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