Regulated NBFC / FinTechWorking Capital Facility (CC / OD)Micro Enterprise (Investment ≤ ₹1 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

Aye Finance Cluster-Based Micro Enterprise Loan

Primary Lending Institution:Aye Finance Pvt. Ltd.

₹50,000 to ₹30 Lakh MSME credit at 12.50% – 19.00% with Up to 3 years tenure.

Interest Rate12.50% – 19.00%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹50,000 to ₹30 LakhBased on turnover & project cost

Repayment TenureUp to 3 yearsWith moratorium where applicable

Collateral SecurityHigher interest rates; restricted to geographical enterprise clusters where Aye Finance operates.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Higher interest rates; restricted to geographical enterprise clusters where Aye Finance operates.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Aye Finance Cluster-Based Micro Enterprise Loan?

Specialized cluster-based lending evaluating informal manufacturing and trading units through grassroots field underwriting.

Key Benefits & Features

Deep presence in micro-manufacturing clusters (shoe-making, lock manufacturing, brassware, textiles); no formal ITR needed.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Micro-enterprise owners in recognized informal industrial clusters.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹3.0 Lakh

Processing Fee2.00% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.ayefin.com/business-loan/ with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Aye Finance Cluster-Based Micro Enterprise Loan?

Borrowers can avail ₹50,000 to ₹30 Lakh with a repayment tenure of Up to 3 years.

What are the processing charges and collateral terms for Aye Finance Cluster-Based Micro Enterprise Loan?

The processing fee is 2.00% + GST. Collateral terms: Higher interest rates; restricted to geographical enterprise clusters where Aye Finance operates.

What are the eligibility criteria for Aye Finance Cluster-Based Micro Enterprise Loan?

Micro-enterprise owners in recognized informal industrial clusters. Minimum business vintage required is 1 year(s).

How can an applicant apply for Aye Finance Cluster-Based Micro Enterprise Loan?

Apply online at https://www.ayefin.com/business-loan/ or visit nearest branch with KYC, Udyam registration, and bank statements.