AYE Finance Business Loan Interest Rate

Aye Finance offers tailored business loans to address the financial needs of MSMEs (Micro, Small, and Medium Enterprises). These loans come with competitive interest rates starting from 29.5% p.a. and flexible repayment tenures of up to 2.5 years (30 months). Borrowers can get loan amounts based on their financial requirements, making it a reliable funding option for working capital, expansion, or other business needs.

Here are the details of Aye Finance Business Loan interest rates along with the loan tenure, and amount:

Disclaimer: The mentioned details are subject to change at the discretion of the lender.

Here are the key details of the fees and charges associated with this business loan:

*Disclaimer: The mentioned charges are subject to change at the lender's discretion.

EMI calculations for business loans are simple. Let’s break the process with an example to understand how the EMI varies based on different tenures.

Suppose you take a business loan of ₹10 Lakhs at an interest rate of 29.5% p.a.. Here’s how your EMI would change depending on the repayment tenure:

*Disclaimer: The values mentioned above are indicative. Check the actual payable EMIs with your lender before applying.

The interest rate for an Aye Finance Business Loan depends on several factors, including:

Credit Score

A CIBIL score of 700 or above demonstrates strong creditworthiness and can help secure a lower interest rate.

Business Financials

Businesses with stable revenue and strong financials may qualify for more favourable loan terms.

Loan Amount

Larger loan amounts could impact the interest rate depending on the lender’s policies.

Loan Tenure

Shorter repayment periods may result in slightly lower rates, while longer tenures often come with higher rates due to increased risk.

Type of Business

Businesses operating in stable industries with predictable cash flows are often considered lower risk and may get better interest rates.

Applicant's Profile

The financial stability of the applicant, repayment history, and other liabilities are key factors in determining the interest rate.

Applying for an Aye Finance Business Loan through Bajaj Markets is a simple process. Follow these steps:

1. Click on the ‘Check Eligibility’ button on the loan application page

2. Provide your personal and business-related details, such as income and turnover

3. Choose Aye Finance from the list of available lenders

4. Enter the loan amount and tenure as per your requirement

5. Review all details carefully and submit your application

Once the application is submitted, Aye Finance will verify the details. Upon approval, the funds will be disbursed to your account within 7 days.