22nd Aug 16 Bajaj Finance ties up with India Post to facilitate two-wheeler purchase
Bajaj Auto Finance has joined hands with Indian Post for providing finance on two wheelers purchases. This partnership will facilitate purchase of vehicles in Karnataka and provide geographical diversity to Bajaj Auto Finance. It will also enable the Post Offices to offer value added services to their customers.
The companies have signed MoU and have announced a special arrangement which will allow prospective customers to know about various two wheeler loan schemes. This arrangement will be rolled out in 208 Post offices across Karnataka. The customers will also get facility to make repayments of their loans through the Post Offices by their Post office deposits
26th Jul 16 Bajaj Finance Q1FY17 Net Profit increased by 54%
As per the results for Q1FY17, Bajaj Finance reported a 54 percent increase in its Net Profit to Rs 424 crore. The Net interest Income increased by 45 percent to Rs 1,418 crore in quarter ending June 2016. The asset quality remained stable as the company reported Gross NPA of 1.47 percent and Net NPA of 0.41 percent for the June quarter
09th Jun 16 Bajaj Personal Loan Prepayment Charges
Bajaj Finserv has announced that it will now charge 4% foreclosure charges in case the customer forecloses Bajaj personal loan at any time before end of loan tenure. Part payment of Bajaj personal loan has been restricted to 25 percent of loan outstanding after 1 EMI. Surprisingly, the changes are applicable to both new and existing customers. Thus, loans that were booked with nil prepayment and nil foreclosure charges will also be covered by the new rule. The rule applies to Bajaj best selling Flexi and Term Loans.
14th May 16 Bajaj Finserv Announces Flash Sale on Personal Loans
Bajaj Finserv Announces Flash Sale on Personal Loans Offers a rate of interest as low as 12.49% on loan amounts exceeding Rs.6 lakh between May 9 and 15, 2016. The company has been a leading player in the space of personal loans as it offers some unique benefits to its customers. The company offers instant online loan approval with its end to end online Personal Loan solutions. By opting for a Personal Loan from Bajaj Finserv you can get instant approval in 5 minutes and disbursal in your bank within 72 hours.
04th Feb 16 Bajaj Finance net profit up 58 per cent
Bajaj Finance posted a 58% growth in its 3rd qtr net profit due to healthy demand during festive season