AU Financiers provides loans to entrepreneurs for the acquisition of commercial vehicles. It offers collateralize loans for commercial vehicles to clients who are typically first-time entrepreneurs, located in under-banked rural and semi-urban areas. It provides loans for new vehicles and second-hand vehicles including refinancing.
PRODUCTS & SERVICES:
Commercial Vehicle loans, Car loans, SME Loans, Loan against property and Insurance.
The majority of the loans are directed towards priority sector and addresses the financial needs of unbanked population and gives them access to organized finance.
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Transport operators and Small, Medium Enterprises in rural and semi urban areas.
Signed preferred financier MOU with Hyundai Motors, Maruti Suzuki, Piaggio Vehicles Private Limited (PVPL).
HDFC - Provide loans in the region where HDFC cannot reach.
Has a lower cost operating model which is technology driven and has a strong risk architecture.