BANGALORE, Nov. 27, 2019 /PRNewswire/ -- Catering to over 1 million people across India, Avail Finance - The financial wellness platform - has now expanded to over 37 cities across India, targeting the 150 million blue-collared workforce of the country. The company has curated innovative financial products, including instant cash, insurance, micro-savings & micro-investment options, keeping inline with the demands of the segment. The objective being to facilitate their needs and enable them to build their credit history.
Established in 2017, Avail Finance's vision encompasses of providing easy to acquire and 'convenient to repay' loans to the blue-collared workforce. Company's objective is to provide a financial umbrella to this segment through a hassle-free online mobile loan application. By doing so, it taps into the under-served population that are currently not under the formal lending landscape. With the belief that every creditworthy individual should rightfully be able to use financial services regardless of their income, i.e., individuals such as delivery boys, drivers, domestic helps, security guards, maintenance workers, amongst others.
Avail Finance is leaving no stone unturned with the expansion of its Financial Wellness platform from 10 to 37 cities across India, catering to the Tier II & Tier III markets. After thorough research on the demand and nature of loans required in these regions, the company has introduced specially crafted products - instant cash, insurance, micro - savings and micro - investment options. The cities include Mumbai, Delhi, Bengaluru, Chennai, Ahmedabad, Hyderabad, Pune, Surat, Jaipur, Nagpur, Indore, Chandigarh, Bhopal, Visakhapatnam, Coimbatore; insurance in Kolkata, Lucknow, Agra, Vadodara, Rajkot, Varanasi, Amritsar, Allahabad, Chandigarh; and savings facility in Gorakhpur, Meerut, Jabalpur, Aurangabad, Solapur, Jodhpur, Madurai, Guwahati and Gwalior.
