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Regarding   






 

NeoGrowth

Business Loan

We understand the competitive landscape that you operate in. The fact that your revenues depend on this environment and also on the business cycles in your category. Hence, we have come up with the following flexible repayment model: Based on your average card sales/online sales in the past, NeoGrowth forecasts a projected timeline for repayment of the loan amount. On days when you do more sales you repay more and on days when business is low the repayment is lower - It is as simple as that. It is this flexibility which has resulted in clients coming back to us again and again. While the company is a little more than 2 years old in commercial operations, we have customers coming back to us for the 4th and 5th time already.

NeoGrowth SME Business Loans for Retailers- Features & Benefits

It's way faster, way easier ! Here's why -

  1. We have made the EMI concept irrelevant: You don’t have to worry about fixed monthly payments during tough times.We forecast a projected timeline for repayment of the loan amount. On days when you do more sales you repay more and on days when business is low, the repayment is lower.

  2. Current business performance, not historic financials: Now, isn't that music to your ears? We believe in looking more at your current business performance and stability. Loan approvals are based on current and future cash flows and not historic financial statements of the business. In fact, our experience and research tell us that traditional underwriting methods in India exclude more than 50% of creditworthy SMEs. And this is exactly the set we want to serve.

  3. Just sit back and watch the loan amount flow into your bank account: That's right - You will never need to visit NeoGrowth office - we will come to you. NeoGrowth’s in-house technology platform, AdvanceSuite and our modern underwriting approach will ensure that the money flows into your account in 3 days flat. In fact, we are on our way to reducing this to just 30 minutes!

  4. We are Fair: No penalties on both pre-payment or post-payment of your loan amount.Focus on your business and don't worry about your repayment term.

NeoGrowth SME Business Loans for Online Sellers- Features & Benefits

NeoGrowth online loans are different from Bank OD or any other loan. Here’s why -

  1. Don’t worry about fixed EMI: At NeoGrowth we forecast a projected timeline for repayment of the loan amount.On days when you do more sales you repay more and on days when business is low, the repayment is lower. In short, a part of your online sales comes back to us as loan repayments.

  2. Loan based on business performance only: Loan approvals at NeoGrowth are based on current and future cash flows and not financial statements of the business. We take into account your business stability and performance to give you a loan. With increasing entrepreneurship from Online Retail segment, simplicity of our loan is what our customers love about us.

  3. Just sit back and watch the loan amount flow into your bank account: NeoGrowth offers doorstep documentation service and you never need to spend time in visiting our branch.We at NeoGrowth use technology and a modern underwriting approach to ensure that the money flows into your account in 3 days flat.

  4. We are Fair: No penalties on both pre-payment or post-payment of your loan amount. You can focus on your business and not worry about repayment terms.