Aavas Financiers 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. Presently Aavas is operating in 11 states namely Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Chhattisgarh, Haryana, Uttarakhand, Himachal Pradesh and Punjab. They have three products under its housing finance business viz. finance for purchase, finance for construction, and finance for home extension. 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.
