Published on January 20th, 2026
If you want to apply for an Aye Finance Business Loan, here’s a clear, action-oriented walkthrough. You’ll get all the key steps, eligibility, types, and rate insights.
1. Understand What Aye Finance Offers
Aye Finance (AyeFin) is an NBFC focused on micro, small, and medium enterprises (MSMEs).
They provide different loan products:
- Hypothecation loan – secured by business assets like machinery or stock
- Mortgage loan – where you pledge property for a larger or longer-term loan
Their model is “phygital”: door-step service, minimal fuss, digital application + on-ground verification.
2. Check Eligibility Criteria
Before applying, make sure you meet Aye Finance’s basic criteria:
| Eligibility | Requirement |
| Age | 21 – 59 years |
| Business Vintage | At least 3 years in the same location |
| Permanent Business Address | Same address for 3 years |
You also need KYC documents (ID, address proof) and business documents (cash registers, bills).
3. Know the Business Loan Rates & Charges
When thinking of applying, the interest rate is a key factor. For Aye Finance Business Loan:
- The interest rate starts from 29.50% p.a.
- Their loans are fixed-rate, meaning your rate is locked at the sanction and doesn’t float
- They calculate repayment on a monthly reducing balance
- In case of bounced payments, there is a bounce charge
- For processing, expect a fee up to ~2% (plus GST) for some loans
4. Choose the Right Loan Product for Your Need
Decide which of Aye Finance’s products aligns with your business objective:
- Hypothecation Loan – ideal for short-term working capital or inventory financing
- Mortgage Loan – suitable when you need a higher amount or long-term funding, and are okay pledging property
Each product has its own maximum amount, tenure, and security requirements.
5. Apply: The Step-by-Step Process
Here’s how to apply for an Aye Finance Business Loan:
1. Check Eligibility
Visit the AyeFin website or a digital marketplace like Bajaj Markets to self-assess your eligibility.
2. Start Application
- Fill in your personal and business details in the online form
- Specify the loan amount and preferred repayment tenure
3. Verification Step
- A representative visits your business place
- They collect scanned documents and photos via a digital app
- They also verify residence and business address
4. Credit Assessment
- Aye Finance’s central credit team reviews your data, using bureau inputs and its data-science model
- They decide on the sanction, interest rate, and loan amount
5. Loan Disbursement
- If approved, funds are disbursed to your bank account
- Loan documents are sent as an SMS link; you receive a copy
6. Repayment
- You repay via EMI (NACH, online transfer, or QR code)
- The EMI schedule is fixed at sanction, due to its fixed-rate setup
6. Assess the Advantages (Why Aye Finance)
When you apply for an Aye Finance Business Loan, you benefit from what NBFCs excel at:
- Flexible structures: Aye Finance offers tailored products
- Easier eligibility: More inclusive than banks for smaller or less-documented businesses
- Fast processing: Minimal documentation, on-site verification speeds up decisions
- Customer-centric service: Door-step help, dedicated relationship managers
- Innovative lending: They use data science, credit bureau, and a digital-first model
7. Watch Out for Risks
No loan is risk-free. Before applying, consider:
- The high business loan rate means EMIs may be heavy
- Bounced payments incur bounce charges
- Since the rate is fixed, you won’t benefit if market business loan rates drop
- Shorter tenures mean a higher monthly burden; longer tenures might raise total interest
8. Tips to Improve Your Approval Chances
To make your application stronger:
- Keep your business books clean, and a stable turnover helps
- Maintain a good credit score, as lenders favour creditworthy borrowers
- Be transparent in your data during the application, be it digital or in-person.
- Choose a loan tenure you can realistically service
9. Essential Documents You Need
The application process requires certain basic documents. Organising them beforehand speeds up approval. This is often called Know Your Customer (KYC) documentation.
- ID Proof: You must provide your PAN Card or Voter ID. An Aadhaar Card is mandatory for identification.
- Address Proof: Submit utility bills (water or electricity). A current rental agreement is also acceptable.
- Business Proof: Include the Shop Establishment Certificate. You can use your Udyog Aadhaar if available.
- Financial Records: Six months of updated bank statements are necessary. These reflect your business transactions.
- Ownership Proof: You need documents confirming ownership of the business premises.
Conclusion
If you need quick working capital or small business financing, the Aye Finance business loan is a solid option.
Understanding eligibility, types, application steps, and business loan rates enables you to decide smartly. Follow this step-by-step guide to apply efficiently and with confidence.
