02nd Dec 16 Bajaj Finance to provide an attractive offer to personal loan buyers
Bajaj Finance, a lending arm of Bajaj Financial Services has announced an attractive offer to boost up the personal loan business. Under the offer, company will provide free airline vouchers of Rs. 12,000 to the customers availing personal loan. Personal loan buyers will also get an extra benefit of selecting the destination of their choice. The offer is valid from 28th November to 4th December, 2016.
28th Oct 16 Bajaj Finserv net profit rises by 46 percent in July to September quarter at Rs. 408 crore
Bajaj Finserv reported an increase in its net profit by 46 percent at Rs. 408 crore in July to September quarter as compared to the net profit of Rs. 279 crore in the same corresponding period last year. The growth is mainly in consumer finance and commercial finance segments. The net interest income also grew by 40 percent at Rs.1410 crore.
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.
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