Neogrowth Credit is a NBFC registered with RBI. We provide small business loans based on Credit/Debit Card Sales or Online Sales (No Collateral)
NeoGrowth is a technology-enabled lending business that provides unsecured loans to small retailers in all major Indian Cities including Mumbai, Delhi and Bangalore, repaid by future card receivables, e-commerce sales and other non-cash payments. More than half of the loans made by NeoGrowth are less than INR 1 Mn each and greater than 80% of loans have been given to Proprietorship and Partnership firms. NeoGrowth combines new payment datasets, traditional scoring, dynamic repayment & automated collections to identify and serve these credit-worthy merchants. Merchants are not required to pay fixed monthly instalments, but instead make automatic repayments as a portion of their sales made with electronic card payments at the Point of Sale (card settlement). The company also offers NeoCash Online, designed exclusively for online sellers on e-commerce marketplaces and retailers selling online through independent portals.