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Aye Finance Business Loan

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Avail up to ₹1 Cr starting at 13%

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HDFC Bank
Max Loan Amt.Upto ₹75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto ₹50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto ₹75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?
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Choose from 20+ Partner Banks/NBFCs

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Pick from Secured & Unsecured Options

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Get Working Capital & Top-Up Loan Solutions

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Flexible Tenure of Up to 4 years

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Aye Finance Business Loan Highlights

Interest Rates For SwitchPe Business Loans: 29.2% per annum
Loan Amount
  • For hypothecation loan: Up to Rs 2 lakh
  • For quasi mortgage loan: Up to Rs 5 lakh
  • For mortgage loan: Up to Rs 10 lakh
Loan Tenure
  • For hypothecation loan: 6 months to 2 years
  • For quasi mortgage loan: 6 months to 4 years
  • For mortgage loan: 5 to 10 years
Processing Fees 2.5% plus GST

Note: Interest rates as of 10th Feb 2026

Aye Finance Business Loan Interest Rates

The interest rates for SwitchPe business loans (backed by Aye Finance) is 0.08% per day (from day 15 onwards of the loan). However, Aye Finance has not disclosed the interest rates for its other business loan schemes. Lenders usually set the business loan interest rates for their application on the basis of multiple factors including the business unit’s credit score/rating and other aspects of their credit profile, past repayment track record, nature and value of their primary/collateral security, etc.

Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs

Lenders Interest Rate (% p.a.)
Axis Bank 15% - 19.25%
Bajaj Finserv 14.00% - 23.00%
Flexiloans 12.00% onwards
HDFC Bank 10.75% onwards
IDFC FIRST Bank 12.99% onwards
Indifi Capital 18.00% onwards
Kotak Mahindra Bank 9.50% - 30.50%
LendingKart 17.25% onwards
Muthoot Fincorp 15.00% - 36.00%
Shriram Finance 10.00% onwards
Tata Capital 12.00% onwards
YES Bank 15.99% onwards

Rates as on 10th Feb 2026

Fees and Charges for Aye Finance Business Loans

The fees and charges for the different business Loans from Aye Finance are mentioned below:

Processing fees

Particulars Fees and charges
Processing fees 2.5% plus GST

Prepayment fees

Particulars Fees and charges
Foreclosure charges As applicable

Other fees and charges

Particulars Fees and charges
Late payment charges Rs 200 per month (inclusive of taxes)
Bounce charges Rs 500 (inclusive of taxes)

SwitchPe Business Loans

Particulars Fees and charges
Foreclosure charges Nil
Convenience charges Rs 100 from the second year
Limit enhancement charge Rs 50
Bounce charge Rs 300
Late Payment Charges Rs 10 per day
Cash Collection charges Rs 100

Types of Business Loans provided by Aye Finance

Aye Finance Hypothecation Loan

Purpose: Aye Finance Hypothecation Loan enables loan applicants to repay existing debts at lower interest rates, pay their workers, purchase inventory, renovate their business premise or service other short-term business needs.

Loan amount: Up to Rs 2 lakh

Loan tenure: 6 months to 2 years

Collateral: Hypothecation of machinery, stocks, book debts and working assets of the business

Aye Finance Mortgage Loan

Purpose: Aye Finance Mortgage Loan enables business owners to purchase livestock or machinery, pay their debts, provide wages/salaries to their workers, renovate their business premise or to fulfil other business needs.

Loan amount: Up to Rs 10 lakh

Loan tenure: 5-10 years

Collateral: Business owner’s property

Aye Finance Quasi Mortgage Loan

Purpose: Aye Finance Quasi Mortgage Loan enables business units to fulfil their working capital needs and asset purchase requirements. This business loan scheme is suited for applicants willing to mortgage their property but their property title is not perfect for creating a charge.

Loan amount: Up to Rs 5 lakh

Loan tenure: 6 months to 4 years

Collateral: Business owner’s property

SwitchPe Business Loans (backed by Aye Finance)

Purpose: Apart from the business loans schemes mentioned above, Aye Finance also offers credit lines for MSMEs through SwitchPe, its digital lending platform. SwitchPe provides unsecured credit lines to shop owners and connects them to suppliers with no joining fees and 14 days of free credit.

Interest Rates: 0.08% per day from day 15 onwards

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Aye Finance Business Loan Eligibility Criteria

The business loan eligibility criteria set by Aye Finance for its loan applicants are as follows:

Aye Finance Hypothecation Loan

  • Indian citizen
  • Age: 21 to 59 years.
  • Business stability at least 3 years
  • Minimum 3 years of permanence of the business location

Aye Finance Quasi Mortgage Loan

  • Indian citizen
  • Age: 21 to 59 years.
  • Business stability at least 3 years
  • Minimum 3 years of permanence of the business location

Aye Finance Mortgage Loan

  • Indian citizen
  • Age: 18 to 59 years.
  • Business stability at least 3 years
  • Minimum 3 years of permanence of the business location

Documents required for Aye Finance Business Loan

The documents required for availing different types of Aye Finance Business Loan schemes are mentioned below:

ID Proof (any one)

  • Aadhar card (UID) (mandatory)
  • Ration card with Photo
  • Voter ID
  • PAN card
  • Passport
  • Driving licence
  • Bank passbook with photograph
  • Company ID Card

 Address proof for current residence (any one)

  • Sale deed or registration certificate
  • Utility bills: Electricity bill (up to 6 months old), water bill or gas bill
  • Rental or lease agreement
  • Residence proof issued by local authorities (Gram Panchayat or Municipal Corporation)
  • Ration card with Photo
  • Voter ID
  • Passport
  • Aadhar
  • Driving licence
  • Letter from employer (for govt. employees)
  • Bank passbook with Photo
  • Letter from gram panchayat pradhan or municipal/zila parishad counsellor

Ownership Proof (any one)

  • Sale deed and other property documents
  • Electricity bill/ water bill/house tax receipt
  • Letter from gram panchayat pradhan or municipal/zila parishad counsellor

Age Proof (any one)

  • Ration card
  • Voter ID
  • Passport
  • School leaving certificate (SSLC certificate)
  • PAN card
  • Aadhar Card (UID)

Additional Documents

  • Bank statement or updated passbook showing transactions of last 6 months.
  • Either the borrower or co-borrower(s) should submit bank statements or passbook(s) of all their accounts.

For SwitchPe Business Loans (Backed by Aye Finance)

  • PAN card or Voter ID
  • Shop Establishment Certificate or Electricity Bill
  • GSTIN, Udyog Aadhaar
  • Aadhar Card

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Enter OTP to verify your mobile number.

Step 3: Provide your personal details.

Step 4: Select a bank account for account aggregator consent.

Step 5: Compare offers and apply for the best-suited loan.

Explore Our Business Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankICICI BankICICI BankIDFC First BankIDFC First BankKotak bankKotak bankTata CapitalTata Capital
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What our customers say

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

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Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

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MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

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Mohit DasJan 15, 2026

Uncle ne bataya tha Paisabazaar ke baare mai

Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

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Raju RastogiJan 14, 2026

Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

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Vanni KumariJan 13, 2026

Loan approval ke chances dikhate h

Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

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Sobhit GuptaJan 5, 2026

Advisors bohot ache the

Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

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Prakash MishraJan 4, 2026

Trusting platform

I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

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Priya ShawDec 30, 2025

Chote business ke liye bhi loan mila

Chote businesses ko loan milne mai dikkat hoti hai lekin yaha mil gaya. Thank you for helping small business also. Good job keep it up.

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Rupesh SharmaDec 29, 2025

Quick and easy steps

Business loan apply karne se pehle yeh sochke dar lagta tha ki bohot mehnat lagegi. Lekin mai toh surprise hi hogayi Paisabazaar ka simple or easy steps dekh ke. Itna smooth process tha ki bikul hi samjh nhi aaya kab loan approve hua or kab account mai paise agaye.

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Ishita SinghDec 28, 2025
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