Loan Offerings

Are your loans and your business a perfect fit? Read on to find out.

There are 3 types of business loans that we at NeoGrowth offer:

  • Loans for retailers/shops/merchants using debit/credit card swipe machine
  • Loans to manufacturers/wholesalers/ traders/ distributors / retailers selling goods or services to large corporates
  • Loans to manufacturers/wholesalers/ traders/ distributors / retailers purchasing goods or services from large corporates

We provide business loans starting from INR One Lakhs.

Your loan amount is based on your business performance, and a few other criteria that we look at before disbursing the loan. The maximum loan amount that can be availed is INR 75 lakhs.

Our loans extend from 6 months to 36 months depending on the type of loan, and your business performance.

Yes! NeoGrowth has several success stories having given loans to businesses who do both online and retail sales. We verify your retail and online business performance, and accordingly extend a loan which is a combination of both. The advantage is that you get a loan of higher amount and longer tenure.

Yes, you have an option of pre-closure at any stage by paying a pre closure amount as per the mutual agreement of the customer and the NeoGrowth representative at the stage of the pre-closure request.

We are currently present in all major cities of India. Our current network is in the following cities: Ahmedabad, Mumbai, Delhi, Bengaluru, Pune, Chennai, Chandigarh, Hyderabad, Jaipur, Kolkata, Lucknow, Vadodara, Madurai, Mysore, Nagpur, Indore, Ludhiana, Vijayawada, Surat, Coimbatore & Vizag.

Yes, you can. We will evaluate your business and check if any of our loan products fit your requirement.

Loan Process

Decided that you'd like to grow with us? Here's how we'll take it forward.

We assure you of a hassle free experience at NeoGrowth. Our executive will contact and visit you at your convenience to start the loan application process. Once you submit all the requisite documents, we will verify and do a credit check of your business. Post sanction, we will disburse your loan directly into your account within 24- 48 hours.

We are continuously striving to make this as short as possible. Our process starts once you submit all your documents and fill the loan application form. It usually takes us between three to five days for processing and loan is disbursed in 24-48 hours after sanction.

We use two modes for disbursement of loan: NEFT/RTGS , as per your convenience and preference.

We have different repayment modes for repayment of loan:

  • Through POS machine – We automatically deduct the loan EMI
  • Through ECS / NACH debit mandate
  • Through RTGS/NEFT/IMPS to NeoGrowth designated Account number mentioned in XXXXXXXx
  • Through Bill Desk payment gateway on our Website (http://www.neogrowth.in) as well as through the Customer Portal (http://my.neogrowth.in)
  • Through the Customer APP link (https://play.google.com/store/apps/details?id=com.ng_customer_app ) on the play store you can make the loan payments.

  • We send the loan statement weekly to your registered email ID. You can also download it from the Customer Portal (http://my.neogrowth.in).
  • You can now download the Customer APP link (https://play.google.com/store/apps/details?id=com.ng_customer_app ) to view all your loan documents like Sanction letter/ Repayment schedule/ Loan Statement/Welcome Letter.

    • There are 3 options to reach out to us. You can choose any of the following:

    • You can email us at helpdesk@neogrowth.in
    • You can raise a service request through the Customer Portal (http://my.neogrowth.in)
    • You can call our customer care at 1800-4195565 & 9820655655 (between 10:00 AM to 6:00 PM from Monday to Saturday)

    As per RBI, with the new Digital Lending Guidelines, we have been informed to share a detailed document with all the customers that covers all the Charges as per the calculation given by RBI on the APR and Interest Rate basis the format shared by them.

    Account aggregator

    Account Aggregator (AA) is an RBI regulated entity that helps an individual securely and digitally access and share information from one financial institution to another.

    Data will be shared only with the customer’s consent. Customers give and revoke consent as well. Thus, the customer truly becomes the owner of his data.

    The consent framework is very simple, customers will always know

    • With whom is the data being shared?
    • What is the purpose of sharing the data?
    • What is the frequency and duration of the consent?

    This will reduce the misuse of statement/account data shared in physical form.

    NeoGrowth is currently active with Anumati and NADL.

    You can select the AA entity based on the bank list given below.


    SR. No. Total Live Banks Anumati NADL
    1 Axis Bank Yes Yes
    2 Bank of India Yes Yes
    3 Bank of Maharashtra No Yes
    4 Central Bank Yes Yes
    5 Federal Bank Yes Yes
    6 Canara Bank Yes Yes
    7 HDFC Bank Yes Yes
    8 Indian Bank Yes Yes
    9 ICICI bank Yes Yes
    10 IDFC First Bank Yes Yes
    11 Indian Overseas Bank Yes Yes
    12 Karur Vysya Bank Yes Yes
    13 Karnataka Bank Yes Yes
    14 Punjab National Bank No Yes
    15 Punjab and Sind Bank Yes Yes
    16 State Bank of India No Yes
    17 Union Bank of India Yes Yes
    18 UCO Bank Yes Yes
    19 AU Bank Yes No
    20 IndusInd Bank Yes No
    21 Bank of Baroda Yes No
    22 Yes Bank Yes No

    There are 2 types of consents that NeoGrowth asks its user – One time consent and Recurring consent.

    NeoGrowth will redirect you to Account Aggregator’s page. Login into the AA page, link the bank accounts and provide the consent. You will be redirected back to NeoGrowth’s page after successful provision of the consent.

    NeoGrowth will redirect you to Account Aggregator’s page. Login into the AA page and provide the consent. You will be redirected back to NeoGrowth’s page after successful consent provision. You can also give the consent via the SMS received or through the AA Portal.

    NeoGrowth fetches your data from the FIP (Banks) once you have successfully given the consent. This data is used for loan offering and loan monitoring purposes only and this is not shared with any third party.

    You can try with different AA entity, or you can choose to skip the AA process after 10 mins of inactivity.

    You can simply reject the consent by providing appropriate reason.

    You can login to the concerned Account Aggregator Portal and go to Manage consent page and choose the appropriate required action.