Aye Finance, established in 2014, is a fintech company based in Gurugram, India. It specialises in providing business loans to micro and small enterprises, primarily in Northern India. Aye Finance employs a unique cluster-based lending model, utilising AI and machine learning for credit assessment. With over 312 branches across 21 states, it aims to simplify access to credit for micro-entrepreneurs, promoting economic growth and stability in underserved communities.

Bajaj Pay, the BBPS platform from Bajaj Finserv, makes loan repayments seamless and efficient. With this platform, you can view, pay, and download your loan repayment receipt with just a few clicks. Bajaj Pay also supports payments for various other financial obligations, allowing you to streamline multiple payments in one place.

How to make your Aye Finance business loan repayment through the official website

1. Go to the Aye Finance website

2. Look for the 'Pay Now' section on the homepage

3. Select loan payment method and click on 'UPI'

4. Input your loan account number and other required details

5. Select your preferred payment method (credit card, debit card, UPI, etc.)

6. Review the details and click on 'Pay Now' to complete the transaction.

We will process your payment securely and send you a confirmation.

How to make loan repayment through the Bajaj Finserv website

To make your loan repayment on the Bajaj Finserv website, follow these points:

1. Visit the official Bajaj Finserv website and log in with your credentials

2. Navigate to ‘PAYMENTS’ and click on ‘ALL PAYMENTS’

3. Choose ‘LOAN REPAYMENT’ under ‘BILLS AND RECHARGES’

4. Select your loan provider from the dropdown list.

5. Input your loan number and click ‘FETCH YOUR BILL’.

6. Choose your payment mode credit/ debit card, Bajaj Pay UPI, Bajaj Pay Wallet and net banking

7. Review all details and click ‘PAY NOW’ to complete the transaction.

You will receive a confirmation notification after successful payment.

Payment via internet banking and debit card

Aye Finance allows customers to pay their loan EMIs conveniently using Internet Banking and Debit Cards.

Internet banking:

• Users can access their bank's online portal, select Aye Finance as a biller, and enter their loan account details to complete the payment. This method ensures secure transactions and instant confirmation.

Debit card payments:

• Customers can use debit cards directly on platforms like Bajaj Finserv. Simply enter the required information, including the loan account number, and authorise the payment.

Both methods provide a user-friendly experience, making it easy to manage loan repayments. For detailed insights on payment processes and options, stay tuned as we explore everything from payment locations to available methods.

Late payments: Penalties and policies

Late payments on loans from Aye Finance can lead to specific penalties and policies designed to encourage timely repayment. Here are some key points:

• Late fees: A fixed penalty may be charged for each missed payment, increasing the overall loan cost.
• Interest rate adjustments: Late payments can result in higher interest rates on outstanding balances.
• Credit score impact: Delayed payments may negatively affect your credit score, influencing future borrowing.

Contact Aye Finance support for business loan queries

For business loan queries, Aye Finance provides various support options to assist customers.

• You can reach their toll-free customer care number at 0124-4802300 for immediate assistance.
• Email support is also available at customer.care@ayefin.com.

Fees and charges

Depending on the transaction amount and payment mode, a convenience fee of up to 2% will be charged (inclusive of applicable taxes). For more information on fees and charges, click here.

Note: For failed transactions, the total amount including charges except taxes are reversed.