Housing finance company
Aavas Financiers
An affordable housing finance company serving self-employed and informal-income borrowers in smaller cities.
Best for: Affordable home buyers with informal income.
Apply with pre-screening
We check your profile against Aavas's policy and others on the panel before any application.
Typical strengths
- Affordable housing loans
- Informal income assessment
- Tier 2 and 3 presence
Interest rates, fees and eligibility shown on this site are indicative, vary by lender and borrower profile, and are subject to change without notice. Always read the lender's Key Fact Statement (KFS) before signing. Loan approval and terms are decided solely by Aavas Financiers under its credit policy.
Products
What we arrange with Aavas
- Home Loan
- Loan Against Property
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Loan Against Property
Loans against residential, commercial or industrial property from ₹10 lakh to ₹15 crore at rates from about 8.75% p.a., with tenures up to 15 to 20 years and funding up to 70% of market value.
- Rate from
- 8.75% p.a.
- Up to
- ₹15 Cr
Our read
Where Aavas fits
Aavas lends where most of the market does not look. Its business is affordable housing for self-employed and informal-income borrowers in tier two and tier three cities, and the assessment is built for exactly that: local verification and a considered view of real earnings rather than a demand for filed returns.
If you run a small business in a smaller city and have been turned away by banks for lack of paperwork, this is one of the few genuine routes to a home loan. We are candid that it costs more, because the alternative is usually no loan at all.
Worth knowing
- Pricing is materially above bank pricing; this is specialist lending to an underserved segment, not a bargain.
- Ticket sizes are aimed at affordable housing, so a large purchase is a poor fit here.
Our assessment, not a statement of Aavas Financiers’s policy. Terms are set by the lender and can change.
Questions
Aavas: common questions
Will it lend without income tax returns?
Its assessment is built around informal income, using banking patterns and local verification. Requirements still apply, but the absence of conventional returns is not automatically a refusal.
Why is the rate higher than a bank's?
Because the lending is more labour-intensive and the segment carries more risk. If your income can be documented conventionally, we will take you to a cheaper lender instead.
Is there a limit on how much I can borrow?
Practically yes, because the focus is affordable housing. For a larger purchase we would point you at a different lender.
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Is Aavas the right lender for you?
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