AYE Finance is a fintech organization which offers business loans to small businesses and micro enterprises. It supports potential businesses that lack funding but have the most scope to become leading enterprises. By funding these businesses, AYE Finance helps them towards victory. You can get a loan of up to ₹2 Lakhs. Apply now at Bajaj Markets. Read on for more information.
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How to Apply for AYE Finance Business Loan Online
Follow the below mentioned application process to register for AYE Finance Business Loan:
Fill in Details: Enter your personal and business details.
Select your partner: Choose AYE Finance as your lending partner.
Select tenure and principal amount for your loan repayment: You must select the loan amount and repayment tenure as per your need.
Approval and Disbursal: You will get quick approval and disbursement of your loan after the approval and application verification.
AYE Finance Business Loan: Rate of Interest and Other Charges - 2022
The AYE Finance Business Loan ROI as of 2022 is 28%-29.5% p.a. One of the best options to create capital for small businesses. With no hidden charges and 100% transparency, you can enjoy a seamless experience. Get the AYE Finance Business Loan now with amazing interest rates.
Loan Amount |
Up to Rs. 2 Lakhs |
Tenure |
Up to 36 months |
ROI (Annual) |
28%-29.5% |
Associated Charges |
Processing Fee: 2.5% of Loan Amount + Applicable Govt. Taxes Foreclosure Charges: 7% of Loan Amount + Applicable Govt. Taxes |
These are the extra charges associated with the amount to be paid by the customer, in order to get the loan.
Factors that Affect AYE Finance Business Loan Interest Rate
- Income - The income of the customer plays an important role in the calculation of the interest rate.
Credit Score - The credit score of the customer, which is calculated based on the consistency of the customer to pay back the debt.
Debt-to-income ratio - The debt to income ratio is a significant indicator of a customer’s ability to repay the loan amount.
History of defaults - There can be serious consequences if there’s a bad history of defaults by the loan applicant.
AYE Finance Business Loan Features & Benefits
Below mentioned are the features and benefits of the AYE Finance Business Loans:
Quick Disbursal of Loan Amount: You will receive the funds within 7 days, this is after the verification and approval process.
Flexible Tenure: The repayment tenure for the loan extends up to 36 months. You can pay the EMI without any difficulties.
No Hidden Charges: The pricing of the loan is very transparent. There are no hidden fees or charges for anything.
Collateral Free: The loan does not need you to pledge any collateral.
Convenient:The whole process, from application to disbursal is very convenient and user friendly.
AYE Finance Business Loan Eligibility
The eligibility criteria for this loan is as follows:
You must be an Indian citizen
You must be within the age group of 21-59 years
Your business must have a residential stability of 3 years
Your residential and business address must be in the same city
Factors Affecting Business Loan Eligibility
Here’s the factors which affect the eligibility of the AYE Finance Business Loan:
Age - The age of the applicant should be in the age bracket of 21-59 years.
CIBIL Score - The CIBIL Score affects the business loan eligibility as it signifies the repayment ability of the applicant. The CIBIL Score for this Business Loan should be under 300-900, the higher the better.
Annual turnover - The annual turnover of your business will directly affect your eligibility for this business loan.
Citizenship - You should be an Indian Citizen in order to get the loan.
Current Location - The current location of the applicant should be consistent for 3 consecutive years for the loan to be sanctioned. Also, the applicant’s residential and business address must be in the same city.
Documents Required for AYE Finance Business Loan
Below mentioned are the documents required for the loan application:
Voter ID or PAN card
Utility Bills (E-bill or water bill)
Bank statement for last 6 months
These are the documents required for the loan application.
AYE Finance Business Loan EMI
You can pay the EMI through registered NACH or through some specified banks. The registration process of NACH will be taken care of by AYE Finance.
AYE Finance Customer Care
You can contact the AYE Finance Customer Care via:
Email: customer.care@ayefin.com
Call on: +91 84485 86881
AYE Finance Business Loan FAQs:
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✔️What is AYE Finance Business Loan?
AYE Finance offers business loans to small enterprises that have immense growth potential. It gives a push start to all the businesses which lack funding and helps them create capital to ensure profitability and growth.
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✔️How to get a business loan from AYE Finance?
You can get a business loan from AYE Finance by following the easy application process stated above.
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✔️What is the eligibility to get AYE Finance Business Loans?
The eligibility criteria for the AYE Finance Business Loans is as follows:
- You must be an Indian citizen.
- You must be within the age group of 21-59 years.
- Your business must have a residential stability of 3 years.
- Your residential and business address must be in the same city.
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✔️How long does it take for the loan process?
It takes about 7 days for disbursal, after the loan approval.
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✔️How do I pay the monthly EMIs of AYE Finance?
You can pay the EMI using various methods such as UPI and Internet Banking.
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✔️ What is the rate of interest in AYE Finance?
The ROI for the AYE Finance business loan ranges between 28%-29.5%.
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✔️How do I calculate interest?
The formula to calculate interest rate is E= P * r * (1+r) ^ n / ((1+r)^n-1)
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✔️Are interest rates on loans monthly or yearly?
It completely depends up on the tenure of your choice. You get to decide how you want to repay the interest rates.
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✔️How does the age of an applicant affect his/her Business Loan eligibility in AYE Finance?
The eligibility criteria for this loan is 21-59 years.
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✔️What is the CIBIL score recommended to take a Business Loan for AYE Finance?
The recommended CIBIL Score for this Business Loan is above 700.
