NeoGrowth Business Loan is the perfect financial tool to scale up your business to greater heights. When you’re applying for a Business Loan, along with 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. Knowing the rate of interest can definitely help you prepare your finances well in advance. Let’s look at the interest rates in detail:
NeoGrowth Business Loan Interest Rate in India
Take a look at the NeoGrowth Business Loan interest rates and associated information.
Rate of interest |
18% onwards |
Tenure of the loan |
Up to 36 months |
Disbursal Time |
5 Days |
Collateral |
NA |
Amount of loan |
Up to Rs. 75 Lakhs |
Pre-Closure fees |
No additional charges though the customer has to pay the interest applicable on the outstanding amount |
Processing charges |
2-3% of the loan amount |
Time to sanction a loan |
Within 5 working days |
How Neogrowth Business Loan Interest Rate is calculated
With the help of NeoGrowth Business Loan EMI Calculator, you can calculate your monthly EMIs instantly. All you need to enter is the loan amount, repayment tenure, and your preferred rate of interest. Once the values are set, you get the EMI amount that needs to be paid as a repayment amount.
Documents Required for NeoGrowth Business Loan
Individual |
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Business |
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