Aye Finance
Secured and unsecured business loans, a mortgage loan, a loan for women-led businesses and a merchant credit line from Aye Finance, an NBFC for small businesses.
Aye Finance at a glance
| Established | 2014 |
|---|---|
| Address | Unitech Commercial Tower-2, 7th Floor, Sector-45, Arya Samaj Road, Gurugram, Haryana, India |
| Programmes | 5 standing programmes |
| Fees | 0 of 5 programmes that state a policy are free |
| Official website | www.ayefin.com |
| customer.care@ayefin.com |
Which Aye Finance programme fits you
5 programmes compared by who they are for, the stage they accept, how long they run and what they cost.
| Programme | Best for | Stage | Duration | Format | Cost |
|---|---|---|---|---|---|
| Secured Hypothecation Loan | Small businesses that need short-term working capital or money for machinery or raw materials, secured on the business's assets. | — | 6 months to 42 months | — | Paid |
| Unsecured Hypothecation Loan | Small businesses that need short-term working capital or machinery money and do not want to give property as collateral. | — | 6 months to 42 months | — | Paid |
| Mortgage Loan | Business owners with self-owned property who need a larger, longer loan for expansion or long-term needs. | — | 48 months to 180 months | — | Paid |
| Shakti Loan | Women who own a micro business in services or job work and need working funds for it. | — | 6 months to 24 months | — | Paid |
| SwitchPe Merchant Credit | Merchants that take payments and need a working-capital credit line. | — | Interest free credit period of up to 14 days | — | Paid |
Programmes they run
Standing programmes at Aye Finance, separate from the funding calls above.
A working-capital or machinery loan secured on the business's working assets, finished goods and machinery, with no mortgage needed.
Best for: Small businesses that need short-term working capital or money for machinery or raw materials, secured on the business's assets.
- 6 months to 42 months
- Paid
What you get, who can apply and how to applyHide details
The Secured Hypothecation Loan is for small businesses that need money for a short-term need, such as working capital, raw materials or machinery. It is fully secured by a contract of hypothecation over the business's working assets, finished goods and machinery, so no property mortgage is needed.
What you get
- A loan with tenure from 6 to 42 months.
- A loan secured on working assets, finished goods and machinery.
Who can apply
- Indian citizens aged 18 to 59.
- A business with at least two years of stability.
- A permanent and stable business location.
How selection works: a credit representative verifies the business at its premises, and the credit team then sanctions the loan using its data science model and credit bureau inputs.
How to apply: send a new loan enquiry through the contact form on the website, using the New loan requirement topic, or visit a branch.
A working-capital or machinery loan that is partly secured on the business's assets and needs no property collateral.
Best for: Small businesses that need short-term working capital or machinery money and do not want to give property as collateral.
- 6 months to 42 months
- Paid
What you get, who can apply and how to applyHide details
The Unsecured Hypothecation Loan is for small businesses that need money for short-term working capital, raw materials or machinery without giving property as collateral. The loan is partly secured by a contract of hypothecation over the business's working assets, finished goods and machinery. The product name says unsecured, but the page describes it as partly secured, so read the terms before you apply.
What you get
- A loan with tenure from 6 to 42 months.
- No property collateral is required.
Who can apply
- Indian citizens aged 18 to 59.
- A business with at least two years of stability.
- A permanent and stable business location.
How selection works: a credit representative verifies the business at its premises, and the credit team then sanctions the loan using its data science model and credit bureau inputs.
How to apply: send a new loan enquiry through the contact form on the website, using the New loan requirement topic, or visit a branch.
Mortgage Loan
LoanA larger, longer loan secured on property, for business expansion or long-term needs.
Best for: Business owners with self-owned property who need a larger, longer loan for expansion or long-term needs.
- 48 months to 180 months
- Paid
What you get, who can apply and how to applyHide details
The Mortgage Loan is for businesses that need a larger loan or a longer tenure for long-term needs or expansion. It is fully secured against property, mostly a self-owned residence or self-owned business premises, and it also uses a contract of hypothecation over the business's working assets, finished goods and machinery.
What you get
- A loan with tenure from 48 to 180 months.
- A loan secured against property collateral.
Who can apply
- Indian citizens aged 18 to 59.
- A business with at least two years of stability.
- A permanent and stable business location.
- Property collateral, mostly a self-owned residence or self-owned business premises.
How selection works: a credit representative verifies the business at its premises, and the credit team then sanctions the loan using its data science model and credit bureau inputs. The product page lists a property valuation report among the documents.
How to apply: send a new loan enquiry through the contact form on the website, using the New loan requirement topic, or visit a branch.
Shakti Loan
LoanA loan for women-led micro businesses in services and job work, where the primary applicant is a woman and owns the business.
Best for: Women who own a micro business in services or job work and need working funds for it.
- 6 months to 24 months
- Paid
What you get, who can apply and how to applyHide details
The Shakti Loan is a product for women micro-entrepreneurs who need funding for their business. It is designed for women-led businesses in sectors such as services and job work.
What you get
- A loan with tenure from 6 to 24 months.
Who can apply
- The primary loan applicant must be a woman and the business owner.
- Indian citizens aged 18 to 59.
- A business with at least two years of stability.
- A permanent and stable business location.
How selection works: a credit representative verifies the business at its premises, and the credit team then sanctions the loan using its data science model and credit bureau inputs.
How to apply: send a new loan enquiry through the contact form on the website, using the New loan requirement topic, or visit a branch.
A credit line for merchants that take payments, with an interest-free period of up to 14 days.
Best for: Merchants that take payments and need a working-capital credit line.
- Interest free credit period of up to 14 days
- Paid
What you get, who can apply and how to applyHide details
SwitchPe is a credit-backed payment solution for merchants that need to improve their working capital. It offers unsecured credit lines and connects merchants to suppliers, and the product page describes onboarding as paperless.
What you get
- An interest-free credit period of up to 14 days.
- Flexible repayment options.
- No joining fees and no foreclosure charges, as the page states.
Who can apply
- Indian citizens aged 18 to 59.
- A business with at least two years of stability.
- A permanent and stable business location.
How to apply: start through the SwitchPe website that the product page links to. The lender's contact form, using the New loan requirement topic, is also a route in.
How to apply to Aye Finance
Choosing the right product
- Working capital or machinery without property collateral: the Unsecured Hypothecation Loan. Check the name against the page text first, because the page says it is partly secured.
- Working capital or machinery with the most security: the Secured Hypothecation Loan.
- Property you own and a larger, longer loan: the Mortgage Loan, with tenures from 48 to 180 months.
- A woman who is the primary applicant and owns a business in services or job work: the Shakti Loan.
- A merchant that takes payments and needs a credit line: SwitchPe.
Before you apply
- Check that the primary applicant is an Indian citizen aged 18 to 59.
- Check that the business has at least two years of stability and a permanent, stable location.
- Have ID proof, current residence proof, business ownership proof, age proof and a bank statement ready.
- For the Mortgage Loan, also prepare property documents and a property valuation report.
How applications work
- Send a new loan enquiry through the contact form on the website, using the New loan requirement topic.
- You can also visit a branch.
- Expect a representative to visit your business premises, followed by an in-person verification.
How selection works
- The credit team sanctions the loan using its data science model and credit bureau inputs.
- The company describes its process as digital, with a field visit and verification along the way.
About Aye Finance
Aye Finance is a non-banking finance company (NBFC) with its corporate office in Gurugram, Haryana. It lends to micro and small businesses across India. Its homepage describes it as an NBFC, and its about page says it started in 2014 in a small office in New Delhi with the aim of making it easy for small entrepreneurs to grow their businesses.
Who the loans are for
The company says it works with micro-entrepreneurs, including people with limited or no credit history. Its loans can fund short-term needs, manage cash flow or support growth. Every product page sets the same basic gate. The applicant must be an Indian citizen aged 18 to 59, the business must have at least two years of stability, and it must have a permanent and stable business location. On those stated terms, a business that has not yet run for two years does not qualify.
What the products cover
The Secured Hypothecation Loan and the Unsecured Hypothecation Loan both finance working assets, finished goods and machinery, with tenures from 6 to 42 months. The secured version is fully secured on those assets. The unsecured version is partly secured and needs no property collateral. The Mortgage Loan is secured on property and suits longer-term needs or expansion, with tenures from 48 to 180 months. The Shakti Loan is for women-led micro businesses in services and job work, with tenures from 6 to 24 months. SwitchPe is a credit line for merchants that take payments, with an interest-free period of up to 14 days.
How the process works
The how-it-works page describes five steps. A representative visits the business premises. The application is digital, with no paper hassles. A credit representative verifies the business on site. The credit team decides the loan using its data science model and credit bureau inputs. The loan is then disbursed to the business account, with digital loan documents. The page also says the company does not require a guarantor, and that it has experience of lending to 70 business clusters.
Where it operates and how to reach it
The company says it connects with customers through a branch network and a central contact centre, and it has a mobile app for account access and loan enquiries. The contact page includes a topic called New loan requirement for people who want a new loan.
Get in touch
Send a message to Aye Finance — we'll forward it on your behalf.
Who they work with
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Frequently asked questions about Aye Finance
What is Aye Finance?
Aye Finance is a corporate based in Gurugram, Haryana.
What does Aye Finance do?
Aye Finance is a non-banking finance company (NBFC) with its corporate office in Gurugram, Haryana. It lends to micro and small businesses across India.
Where is Aye Finance located?
Aye Finance is located at Unitech Commercial Tower-2, 7th Floor, Sector-45, Arya Samaj Road, Gurugram, Haryana, India.
What programs does Aye Finance run?
Aye Finance runs Secured Hypothecation Loan, Unsecured Hypothecation Loan, Mortgage Loan and Shakti Loan, among others.
Do Aye Finance programmes charge a fee?
Most do not. and undefined are free to join, while Secured Hypothecation Loan, Unsecured Hypothecation Loan, Mortgage Loan, Shakti Loan and SwitchPe Merchant Credit charge a fee.
How do I apply to Aye Finance?
- Working capital or machinery without property collateral: the Unsecured Hypothecation Loan. Check the name against the page text first, because the page says it is partly secured. - Working capital or machinery with the most security: the Secured Hypothecation Loan. - Property you own and a larger, longer loan: the Mortgage Loan, with tenures from 48 to 180 months.
When was Aye Finance founded?
Aye Finance was founded in 2014. It is a corporate.
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