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Informist, Tuesday, Nov. 4, 2025

--Bajaj Finance: Acquired 2.3 mln customers with 52% of these new-to-credit 
--Bajaj Finance: Disbursed around 6.3 mln loans between Sept 22-Oct 26 
--Bajaj Finance: Consumer loan value up 29% on year during festive season 
--Bajaj Finance: Consumer loan volumes up 27% on year during festive season 
 

NEW DELHI – Bajaj Finance Ltd.'s disbursed consumer loans rose 27% on year in volume and 29% on year in value due to a surge in consumption finance during the festive season, the company said in an exchange filing Tuesday. 

The company disbursed around 6.3 million loans from Sept. 22 to Oct. 26. During this period, the company acquired 2.3 million new customers, of which 52% were new to credit, it said.

"The positive impact (of GST reforms) is not only evidenced in the 27% higher disbursement of consumption loans, but also a premiumization trend with consumers shifting to higher-quality products for better lifestyles," Sanjiv Bajaj, chairman of Bajaj Finance, said in the filing. "Over half of our new customers during this festive season are new-to-credit, taking their first loan from the formal financial system." Bajaj Finance is a subsidiary of Bajaj Finserv Ltd.

On Sept. 3, the GST Council had overhauled the indirect tax regime as part of next-generation reforms by collapsing the four-slab GST structure of 5%, 12%, 18%, and 28% to a two-slab structure of 5% and 18%. The decision was implemented from Sept. 22.

"Lower GST for televisions and air-conditioners have helped consumers to reduce their average ticket size of loans by 6%, whilst enabling them to upgrade to higher-end products," Bajaj Finance said. Loans for 40-inch TVs and above screens accounted for 71% of the total TVs financed by the company as compared to 67% last year. 

Bajaj Finance's assets under management grew 24% on year to INR 4.62 trillion as on Sept. 30, data released by the non-banking finance company in October showed. The company booked a 26% on-year rise on new loans to 12.17 million. 

Bajaj Finance had reported a net profit of INR 47 billion for the June quarter. At 1235 IST, shares of the company were 0.7% higher at INR 1049.90 on the National Stock Exchange  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Pratiksha

Edited by Avishek Dutta

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