Aavas Financiers Ltd. (AAVAS)

Overview

Aavas Financiers Limited, established in 2011 and based in Jaipur, India, is a notable provider of housing finance services, primarily catering to the financial needs of low- and middle-income self-employed individuals in semi-urban and rural areas of India. Initially operating under the name AU Housing Finance Limited, the company underwent a rebranding to Aavas Financiers Limited in May 2017. The firm is distinguished by its focus on underserved sectors, aiming to facilitate homeownership among the segments of the population that are traditionally neglected by mainstream financial institutions.

Products and Services

Aavas Financiers Limited offers a diverse range of products and services designed to meet the various housing finance needs of its clientele. These include:

• Home Loans: Tailored for the purchase of flats, houses, and bungalows, as well as resale properties, providing financial solutions for individuals looking to buy their dream home.
• Home Construction Loans: Catered towards individuals aiming to self-construct their residential house. This product supports customers with the financial resources necessary for building a home according to their requirements.
• Home Improvement Loans: These loans are intended for homeowners seeking to renovate or improve their existing homes through tiling, flooring, plaster, painting, etc., thus enhancing their living conditions and property value.
• Loans Against Property: Customers can avail themselves of loans by mortgaging their property. This option provides a financial solution for those in need of funds for various personal or professional purposes without selling their property.
• Home Equity Loan: This option allows homeowners to borrow money against the equity of their home, offering a financial resource for those needing funds for various reasons, such as expanding a business or covering personal expenses.
• Micro, Small, and Medium Enterprise Loans: Specifically targeted at small to medium-sized enterprises, these loans offer financial support to businesses in the semi-urban and rural sectors, thereby contributing to their growth and sustainability.
• Home Loan Balance Transfer: A service that allows customers to transfer their existing home loans from another financial institution to Aavas Financiers Limited, potentially benefiting from better interest rates and terms.
• Small Ticket Size Loan: Aavas also provides smaller-sized loans for customers who require a minimal financial outlay, ensuring that even those with modest financing needs can access credit facilities.