Mortgage Loan
A programme by Aye Finance
A larger, longer loan secured on property, for business expansion or long-term needs.
At a glance
| Best for | Business owners with self-owned property who need a larger, longer loan for expansion or long-term needs. |
|---|---|
| Duration | 48 months to 180 months |
| Cost | Paid |
About Mortgage Loan
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.
Where to apply
Other Aye Finance programmes
- Secured Hypothecation LoanA working-capital or machinery loan secured on the business's working assets, finished goods and machinery, with no mortgage needed.
- Unsecured Hypothecation LoanA working-capital or machinery loan that is partly secured on the business's assets and needs no property collateral.
- Shakti LoanA loan for women-led micro businesses in services and job work, where the primary applicant is a woman and owns the business.
- SwitchPe Merchant CreditA credit line for merchants that take payments, with an interest-free period of up to 14 days.