✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now! Check Eligibility

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 Business Loans Interest Rates and Charges

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:

Interest rate

18% p.a. onwards

Processing fee

2-3% of the sanctioned loan amount

Bounce charges

₹500 + taxes (For cheque) and ₹50 + taxes (For NACH transactions)

Prepayment/Foreclosure charges

Subject to the terms stated in the repayment agreement

Features and Benefits of NeoGrowth Business Loan

High Loan Amount

You can borrow as much as ₹75 Lakhs as a business loan from NeoGrowth in a matter of a few hours and after following a few simple steps.

Easy top-up Loans

If you find yourself in a position of needing more money that you have already borrowed from NeoGrowth, you can easily get a top-up from them. All you will need to do is submit a minimal set of documen Read Morets and you will be good to go. Note that the maximum top-up amount will depend on your eligibility. Read Less

Flexible Repayment Tenures

You can keep your equated monthly instalments (EMI) outflow worries at bay as you can repay your NeoGrowth Business Loan over the course of as long as 36 months.

Zero Collateral

You need not pledge any collateral to avail a NeoGrowth business loan.

No ITR Requirement

 For NeoGrowth business loans up to ₹15 Lakhs, there’s absolutely no need to submit your business’ income tax returns. This not only makes it easier to get loans, but also reduces the amount Read Moreof paperwork involved. Read Less

Multiple Repayment Methods

You can choose to repay your loan on a daily, weekly, or fortnightly basis through a Point of Sale (POS) machine. 

Vendor Loans

If you’re a vendor who supplies to large corporations with turnovers of more than ₹250 Crores, NeoGrowth offers vendor loans to the tune of ₹75 Lakhs based on the receipts from the corporations. 

NeoGrowth Business Loan Eligibility Criteria

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.

How to Improve Your NeoGrowth Business Loan Eligibility

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. 

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Documents Required for NeoGrowth Business Loan

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

NeoGrowth Business Loan EMI Calculator

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NeoGrowth Business Loan Customer Care

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. 


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.


The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs for NeoGrowth Business Loan

Can I prepay my NeoGrowth business loan anytime?

Yes, you can prepay/foreclose your NeoGrowth business loan anytime for zero additional charges.

What is the minimum and maximum amount I can get as a business loan from NeoGrowth?

The minimum amount you can avail from NeoGrowth as a business loan is ₹1 Lakh and the highest amount you can avail is ₹1.5 crores. Note that the maximum amount you will be able to get as a NeoGrowth business loan will depend on your eligibility and repayment capacity.


How much time does it take for NeoGrowth to disburse the business loan?

Once your application is approved and your documents have been verified, NeoGrowth will credit the business loan money into your account within 24-48 hours. It will do so through either NEFT or RTGS.


What is the minimum and maximum loan repayment tenure for a NeoGrowth business loan?

You can repay your NeoGrowth business loan in either 12 months or 60 months at the most.


In which locations can you avail a NeoGrowth business loan?

NeoGrowth is present in multiple major cities and towns in India. This includes locations like Chennai, Ahmedabad, Mumbai, Delhi, Pune, Bangalore, Chandigarh, Hyderabad, Jaipur, and Kolkata, among others.

How many days will NeoGrowth take in order to get the query resolved?

Depending on the nature of the query or grievance, NeoGrowth may take anywhere from 7 to 15 days from the date of registering your service request. However, for most queries and grievances, it generally takes around 2 days for resolution.


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