AAVAS is primarily engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are credit worthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks. AAVAS uses unique appraisal methodology to assess these customers individually. The financing solution need to be appropriated and suitable to them.

Aavas Financiers Limited is target the people who are either self-employed, running small businesses like providing transportation facilities in auto rickshaw or other vehicles, running grocery shops, tiffin centers, beauty parlous and other businesses or these customers are carrying out business of agri or animal husbandry products in rural areas or salaried class people who are carrying out small jobs in private or public sector.

Number of Branches of Aavas Financiers Limited

AAVAS is engaged in 3 types of products mentioned below under its housing finance business:-1) Finance for PurchaseThe product is designed to purchase individual dwelling units, flats in low cost buildings, detached and semi-detached units, cluster units, and residential units. This is also applicable for properties under construction or ready built property2) Finance for ConstructionThe product is designed to offer loans for construction on a plot of land, which has been already acquired.3)Finance for Home ExtensionThis product is designed to offer loans to individuals for extension of an existing home unit, which can include construction of additional rooms, floors etc.

AAVAS also launched “Special Urban Low Income Housing Product” and “Specific Women Ownership Product” in line with NHB’s refinance scheme for the Special Urban Housing Refinance Scheme for Low Income Households and Refinance Scheme for Women.