|₹3074.35 / ₹1755.55|
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Aavas Financiers Ltd. (Formerly known as 'Au Housing Finance Limited') was incorporated on 30 November 2017 to carry on the business of financing by way of lending/hire-purchase and to provide on lease, sub-lease or on hire, including but not limited to, all type of vehicles, automobiles, industrial plant and machinery, office equipment, movable and immovable assets, building, real estate, household and domestic appliances and equipment, furniture, fixtures, finishing items and all type of machinery, etc. The Company is a retail, affordable housing finance company, primarily serving low and middle income self employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit. The Company offers customers home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units. In addition to home loans, the company offers customers other mortgage loans including loans against property. Since the commencement of operations in March 2012, the company has served more than 62,500 customers. Aavas Financiers has adopted a strategy of contiguous on-ground expansion across regions and at present, the company conducted its operations through 166 branches covering 95 districts in eight states of which, it has a significant presence in the four States of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.