Bajaj Finance uses call centers to market loans directly to consumers, with their relentless sales pitches becoming the subject of social media memes.
BAF stands apart from its competition by prioritizing customer franchise and wallet share growth rather than loan book expansion alone, enabling rapid expansion.
Personal Loan
Bajaj Finserv provides Personal Loans as an unsecured financing solution designed to meet a range of expenses, at competitive interest rates. Applying is quick and simple; funds disbursed within 24 hours after document verification.
Contrary to other lenders, this company provides pre-approved personal loans with affordable EMI financing for qualified applicants with excellent credit histories and steady sources of income. Furthermore, through partnerships with leading e-commerce platforms, this lender also offers low-interest EMI financing solutions on lifestyle products and consumer durables purchased.
Personal loans aren’t the only services provided by this Indian firm – they also specialize in automobile finance, small business lending, mortgages and gold financing. With more than 2,600 branches and 275 ATMs throughout India and a comprehensive suite of financial products such as insurance policies, mutual funds and corporate deposits to their credit. They operate three distinct segments for lending – consumer lending, small business lending and rural lending.
Business Loan
Bajaj Finance provides business loans tailored specifically for small and medium enterprises (SME). They have equipment loan, machinery loan and working capital loan to meet industry-specific needs as well as their flexi saver facility which combines credit line facility with term loan to reduce interest costs while improving cash flow management.
This company offers unsecured business loans without collateral to assist borrowers easily meet their financing needs. Eligibility criteria is straightforward, requiring only two documents as documentation for qualification. Furthermore, existing customers can take advantage of pre-approved loan offers to make the process faster.
Furthermore, this company provides online access to their loan accounts so borrowers can stay abreast of repayment details and EMI schedule. With its quick approval process and minimal paperwork requirements, this loan makes an ideal funding solution for entrepreneurs. Furthermore, they are one of the premier NBFCs in India offering business loans at attractive interest rates.
Loan Against Property
Loan against property (LAP) loans provide borrowers with access to capital for high-value financial needs such as debt consolidation, funding business expansion and renovation of residential or commercial properties or covering tuition or wedding costs – among many others. LAPs feature competitive interest rates with easy processing procedures and no hidden charges or extra costs attached.
The company also offers pre-approved loan offers that help borrowers secure financing on tailored terms based on factors like their credit profile, occupation and other criteria.
Bajaj Finance offers an easy and accessible EMI calculator that enables borrowers to calculate estimated monthly instalments and interest payable on loans. This tool is available both on its website and mobile app and designed to help borrowers plan their finances, determine whether a specific loan amount fits within their budget, and avoid surprises down the line. Furthermore, they can even use this EMI calculator to compare various mortgage loan options available to them.
Insta EMI Card
Insta EMI Card is an efficient way of purchasing expensive products such as televisions, mobile phones and refrigerators without straining your finances. The application process is digital and only requires basic KYC documents and minimal joining fee payment. Furthermore, these cards come with flexible repayment plans with many offers from Bajaj Finserv partner offline stores – ideal if your finances don’t allow for upfront purchase costs!
EMI Network of this company provides many features, such as no down payment and zero interest, to make payments easier on you over a 24-month repayment period with equal monthly instalments. Plus there’s no foreclosure charges or prepayment penalties! Application can be completed quickly from any smartphone. Applicants must be between 21-65 years old with an income source. You can easily apply and activate your card online or at one of their offline stores.
