Aavas Financiers has received an approval to increase Prime Lending Rate of the company by 35 basis points (bps) to 15.45% from 15.10% with effect from November 01, 2018. The Board of Directors of the company at their meeting held on October 26, 2018, approved the same.
Aavas Financiers is a retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India.