Regulated NBFC / FinTechWorking Capital Facility (CC / OD)Micro Enterprise (Investment ≤ ₹1 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

NeoGrowth Accelerator POS & Digital Business Loan

Primary Lending Institution:NeoGrowth Credit Pvt. Ltd.

₹1 Lakh to ₹75 Lakh MSME credit at 12.00% – 18.00% with Up to 3 years tenure.

Interest Rate12.00% – 18.00%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹1 Lakh to ₹75 LakhBased on turnover & project cost

Repayment TenureUp to 3 yearsWith moratorium where applicable

Collateral SecurityRequires business to accept card swipe POS machines or digital merchant QR with regular transaction volumes.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires business to accept card swipe POS machines or digital merchant QR with regular transaction volumes.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is NeoGrowth Accelerator POS & Digital Business Loan?

Transaction-backed business credit where daily or weekly repayments are automatically deducted from POS swipe / UPI volumes.

Key Benefits & Features

Daily micro-repayment model prevents month-end EMI strain; underwritten on POS swipe volume; fast sanction.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Retail stores, restaurants, pharmacies, and salons with card/UPI sales history.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹10.0 Lakh

Processing Fee2.00% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.neogrowth.in/accelerator-business-loan/ with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for NeoGrowth Accelerator POS & Digital Business Loan?

Borrowers can avail ₹1 Lakh to ₹75 Lakh with a repayment tenure of Up to 3 years.

What are the processing charges and collateral terms for NeoGrowth Accelerator POS & Digital Business Loan?

The processing fee is 2.00% + GST. Collateral terms: Requires business to accept card swipe POS machines or digital merchant QR with regular transaction volumes.

What are the eligibility criteria for NeoGrowth Accelerator POS & Digital Business Loan?

Retail stores, restaurants, pharmacies, and salons with card/UPI sales history. Minimum business vintage required is 1 year(s).

How can an applicant apply for NeoGrowth Accelerator POS & Digital Business Loan?

Apply online at https://www.neogrowth.in/accelerator-business-loan/ or visit nearest branch with KYC, Udyam registration, and bank statements.