Unsecured Hypothecation Loan
A programme by Aye Finance
A working-capital or machinery loan that is partly secured on the business's assets and needs no property collateral.
At a glance
| Best for | Small businesses that need short-term working capital or machinery money and do not want to give property as collateral. |
|---|---|
| Duration | 6 months to 42 months |
| Cost | Paid |
About Unsecured Hypothecation Loan
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.
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.
- Mortgage LoanA larger, longer loan secured on property, for business expansion or long-term needs.
- 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.