Bajaj Finance Ltd.

Bajaj Finance, a non-banking financial services player, is aiming to disburse Rs 3,000 crore consumer durable loans during the ongoing festive season alone, about 40 percent higher as compared to last year. Last year the company added 2.6 million new customers from the consumer durables business. It is very important from the perspective of adding new customers.

The consumer durables finance business earns an effective yield of 22-24 percent and even though the average ticket size is Rs 28,000 with a tenor of eight months which is smaller, it helps the diversified financial business with opportunities of cross selling as this adds over 95 percent of new customers.

Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company offers personal loans for home renovation, marriage in family, holiday, and medical expenses without providing security or guarantors.