NeoGrowth Business Loan

To grow the scale of your business, you need extra funds at your disposal. But, there could be times when you may not have enough of it. This is where a NeoGrowth business loan can come to your rescue.

NeoGrowth Business Loan is the perfect financial tool to scale up your business to greater heights. When you’re applying for a business loan, in addition to the loan amount, an important factor to consider is the rate of interest. This is because you also need to pay the rate of interest as EMI apart from the principal amount. 

With NeoGrowth, however, you get to enjoy business loans at highly competitive interest rates and relaxed terms and conditions.

NeoGrowth provides business loans at some of the most competitive interest rates in the market. On top of that, they charge a nominal amount as processing fees too. The applicable interest rates and processing fees on a NeoGrowth business loan are as follows:

Following are the criteria that you need to fulfil to apply for a Business Loan with us:

• You must be at least 18 years of age and an Indian citizen.

• You must have a credit score of more than 680.

• You must have at least 2 years of business experience.

• If you are an online seller. Your monthly sales turnover through online channels must be more than ₹2 Lakhs.

Worried about not being able to meet the NeoGrowth loan eligibility criteria? Here are a few ways through which you can significantly improve your chances of landing a loan. 

• Improve Your CIBIL Score

Your credit score is by far one of the most important metrics that NeoGrowth takes into consideration. The higher your score, the greater your chances of being eligible. So, work towards improving your credit score to become eligible for NeoGrowth loans. 

• Plan Your Finances Well

Having your finances in order can go a long way in improving your loan eligibility. For instance, if you have multiple loans hanging over your head, consider pre closing them before applying for a NeoGrowth business loan. This can significantly increase your chances of landing a loan. 

• Negotiate with Your Lender

If you possess an existing relationship with NeoGrowth, you can leverage it to gain access to a business loan. Generally, lending institutions tend to value businesses with whom they share a prior relationship. 

You will need the following documents while applying for a NeoGrowth business loan through Bajaj Markets. They are as follows:

• Residence address proof

• Business address proof

• A valid passport

• Your Voter ID card

• Your Aadhaar Card

• Your rent agreement in case the office space is a rental

• PAN card

• VAT Certificate

• Any other document required by NeoGrowth

For any queries that you may have regarding the various loan options offered by NeoGrowth, you can always get in touch with their customer care cell. You can call either of these two numbers - 1800 419 5565  or 98206 55655 anytime between 10:00 AM and 6:00 PM from Monday to Saturday. 

Alternatively, you can also request for a callback by visiting the ‘Contact Us’ section of NeoGrowth website. On the other hand, if you prefer to write, you can also send an email to helpdesk@NeoGrowth.in clearly stating your query or grievance in detail for a quicker and timely redressal. 

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