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Synopsis
The company claims that the loan applications will be approved instantly without the need for any bank statement, any industry-first feature.
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NeoGrowth has disbursed over Rs 6,200 crore loans to 29,500 customers till date.
MUMBAI: NeoGrowth Credit Pvt. Ltd has announced the launch of NeoCash Insta Loan. This will meet the immediate fund requirements faced by retailers and small businesses across the country.
The NeoCash Insta Loan for retailers is a Rs 1 lakh collateral free loan product, with KYC documents without any financial/bank documents, instant online approval, and daily repayment amount of Rs. 250.
The product was developed as an insight from the company’s flagship retailer outreach program, NeoGrowth Sanjivini.
NeoGrowth to disburse business loans within 24 hours to retailers with instant approval
April 08, 2021
Small business owners can visit the NeoGrowth website and get immediate approval for the loan
SME lender NeoGrowth Credit on Thursday announced the launch of NeoCash Insta Loan to meet immediate fund requirements of retailers and small businesses.
“The NeoCash Insta Loan for retailers is a ₹1 lakh collateral free loan product, with just KYC documents without any financial or bank documents, instant online approval, and daily repayment amount of ₹250,” it said in a statement.
Small business owners can visit the NeoGrowth website and get immediate approval for the loan by filling in only basic details, it further said, adding that exhaustive digital checks for underwriting and usage of digitally verified alternate sources of data will be used to ensure risk mitigation and governance.