Bajaj Finance Ltd (BFL), a subsidiary of Bajaj Finserv Ltd, stands as a testament to the robustness and versatility of India’s non-banking financial sector. Headquartered in Pune, BFL has carved a niche for itself as a leading non-banking financial company (NBFC) with a staggering customer base of over 83.64 million and assets under management worth ₹330,615 crore as of March 2024.
A Diverse Portfolio of Financial Services
BFL’s journey began over three decades ago, and today, it offers a wide array of financial services products to its customers. Its diversified lending portfolio spans across retail, SMEs, and commercial customers, ensuring a significant presence in both urban and rural India. From consumer finance to wealth management, BFL has made financial inclusivity its mission.
Consumer Finance at Its Core
At the heart of BFL’s offerings is consumer finance. The company provides financing options for a variety of household items such as washing machines, refrigerators, and LED TVs, making luxury accessible to the masses. With the Bajaj Finserv EMI Network, customers can avail up to ₹4 lakh for purchases, enjoying up to 100% funding at zero or low interest rates.
Innovation in Digital Finance
BFL has also embraced the digital revolution, offering digital product finance that allows customers to buy products affordably on the EMI Network. With more than 80,000 partner stores, BFL has made shopping on EMIs a seamless experience. The EMI Network Card, with a pre-approved loan of up to ₹4 lakh, exemplifies BFL’s commitment to customer convenience.
A Strong Financial Foundation
BFL’s financial stability is reflected in its highest domestic credit ratings of AAA/Stable for long-term borrowing and A1+ for short-term borrowing. It also boasts a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. This solid financial footing has allowed BFL to continue expanding its services and customer base.
Consumer Finance
Durable Finance: Bajaj Finserv EMI Network offers a financing option for household essentials such as washing machines, refrigerators, air conditioners, LED TVs, microwaves, and furniture. Customers can access up to ₹4 lakh, with the possibility of 100% financing at zero or nominal interest rates. Choose a convenient repayment period and manage your expenses with easy EMIs.
Lifestyle Finance: Experience the ease of EMI loans for purchasing home and personal appliances, groceries, fashion items, travel experiences, and healthcare services. This financing option provides a smooth path to affordable luxury, ensuring payment convenience across various shopping avenues.
Digital Product Finance: The Bajaj Finserv EMI Network empowers customers to affordably purchase products from over 80,000 partner stores. Simply visit any partner store, select your desired electronics, mobiles, appliances, or other products, consult with the store representative, and convert your purchase into manageable EMIs.
EMI Card: The EMI Network Card comes with a pre-approved loan limit of up to ₹4 lakh, usable at Bajaj Finserv’s extensive network of over 60,000 partner stores in more than 1,300 cities. It features flexible repayment terms from 3 to 24 months, no charges for early loan closure, and requires only a one-time document submission, enabling you to shop for your favorite products on EMI from leading e-commerce platforms.
2 & 3 Wheeler Finance: Bajaj showrooms and authorized service stations nationwide offer finance options for two and three-wheelers. BFL provides loans for popular Bajaj Motorcycles, including Pulsar, Avenger, Discover, Platina, and the latest V, as well as KTM motorcycles. Additionally, attractive financing schemes are available for Bajaj RE three-wheelers.
Personal Loan: Secure a collateral-free personal loan of up to ₹25 lakh by meeting simple eligibility criteria and providing basic documents. Benefit from instant online loan approval and flexible repayment terms ranging from 12 to 60 months.
Loan against FD: Avail a secured loan against your fixed deposits at low-interest rates, with swift processing, flexible repayment options, and minimal paperwork. Enjoy the absence of charges for full or partial loan prepayment.
Extended Warranty: Safeguard your products against manufacturing defects with an IRDAI-approved program offering up to 3 years of additional warranty, in partnership with Bajaj Allianz General Insurance Co. Ltd. (BAGIC).
Gold Loan: Meet your financial needs with a gold loan, offering a high borrowing limit of ₹20 lakh at attractive interest rates. Benefit from flexible repayment options and no charges for partial or full loan prepayment, making the loan more affordable.
Home Loan: Avail home loans of up to ₹3.5 crore at India’s lowest interest rates, with features like additional top-up loans and doorstep service. Bajaj Home Loans offer an Easy Balance Transfer Facility, minimal documentation, quick processing, and no charges for partial or full loan prepayment. PMAY assistance further enhances loan affordability.
Retail EMI: The Retail EMI option provides straightforward financing for electronics and home appliances such as smartphones, TVs, washing machines, air conditioners, laptops, air coolers, furniture, lifecare services, groceries, clothing, accessories, and more. With no hidden fees, simply split the cost of your purchase into manageable installments, available across Bajaj Finance Ltd’s retail network.
Retailer Finance: A unique financing option for retail partners, enabling them to obtain finance for inventory acquisition from manufacturers. Retailers receive a pre-approved credit line for use at their discretion, marking the first introduction of non-collateral-based financing for retailers.
E-commerce: Bajaj Finserv has teamed up with top e-commerce platforms to offer all products on EMIs. The EMI Network Card allows for purchases with benefits like zero down payment loans, convenient repayment terms of up to 12 months, hassle-free service, and more. The No Cost EMI facility lets you divide the cost of your product into easy monthly installments without paying extra.
Co-branded Credit Card: The Bajaj Finserv RBL Bank SuperCard is a pioneering co-branded credit card, offering a unique combination of deals across 80,000 merchants. Enjoy No Cost EMI financing on various consumer durables and products, cashback, and exclusive perks such as airport lounge access and fuel surcharge waivers. The SuperCard caters to urgent financial needs by providing borrowing options through personal loans and ATM withdrawals.
Co-branded Wallet: In partnership with MobiKwik, BFL presents the Bajaj Finserv Wallet, accepted at over 2 million stores within the Mobikwik merchant network. The wallet functions as both a debit and credit facility, allowing you to pay bills, book tickets, and collect payments effortlessly with a single tap.
Commercial Lending
Vendor Financing: Vendor Financing ensures timely payments to vendors, facilitating uninterrupted business operations. It provides a substantial loan amount of up to ₹30 lakh, along with a Flexi loan facility, rapid processing, and swift disbursement.
Large Value Lease Rental Discounting: This financing solution is secured against rental receipts, available to tenants with leased contracts. It offers funding from ₹10 Crore to ₹50 crore, with an 11-year tenure and options for foreclosure or part-prepayment.
Loans against Securities: Obtain funds effortlessly without selling your assets through Loans against Securities. With loans up to ₹10 crore and no charges for part payment or foreclosure, a dedicated relationship manager is available around the clock to assist with customer requests.
Financial Institutions Lending
Light Engineering Finance: This personal finance option grants access to substantial funds up to ₹3.5 crore, catering to personal needs such as weddings, home renovations, vacations, education, or debt consolidation.
Corporate Finance
Warehouse Financing: SME owners can secure loans for warehouse operations, whether to maintain optimal inventory levels or to open new facilities for expanding market reach. This unsecured financing option offers up to ₹30 lakh.
Investment
Fixed Deposit: A secure investment choice, Fixed Deposits offer flexibility and assured returns. Investors can select a tenure from 12 to 60 months, with attractive interest rates up to 8.70% and higher rates for senior citizens, starting with a minimum deposit of ₹25,000.
Mutual Funds: Bajaj Finance Mutual Funds provide low-risk, high-return investments with diversification benefits. They feature low transaction costs, transparency, and liquidity, except for those with specified lock-in periods.
SME Finance
Home Loan: Avail home loans up to ₹3.5 crore at competitive interest rates, with additional perks like top-up loans and doorstep service. Enjoy lower rates under PMAY, easy balance transfer, flexible tenure, customized insurance schemes, and minimal documentation.
Loan against Property: Customized property loans for salaried and self-employed individuals offer financial solutions for education, weddings, business expansion, or medical emergencies at affordable rates.
Gold Loan: Accessible to individuals, firms, and companies, Gold Loans promise reliability and simplicity, with instant approval and excellent financial service.
Business Loan: SMEs can leverage business loans to invest in infrastructure, expand operations, upgrade machinery, maintain inventory, or boost working capital. Features include large capital access, Flexi loan facility, no collateral, and amounts up to ₹30 lakh for short-term needs.
Loan Against Shares: Secure financing up to ₹10 crore against a variety of securities. Benefits include a dedicated relationship manager, no charges for part payment or foreclosure, and a broad list of approved securities.
Professional Loan: Tailored loans for professionals like doctors, chartered accountants, and engineers, with a Flexi loan facility, quick processing, and hassle-free application. Loan amounts vary from ₹2 crore to ₹25 lakh, depending on the profession.
Working Capital Loans: Support day-to-day operations with Working Capital Loans, available up to ₹30 lakh. These unsecured loans offer quick approval, flexible withdrawals, and repayments.
Developer Finance: Developer Finance assists developers with project construction costs and working capital needs. It features loans up to ₹150 crore, a portfolio of over 100 developers, and dedicated local relationship managers for customized solutions.
Used Car Finance: Finance your pre-owned car purchase efficiently with Used Car Finance. Loans cover up to 90% of the car’s valuation at attractive interest rates, with doorstep service, instant approval, and comprehensive car care services.
