Bajaj finance

When it comes to investing in NBFC the stocks of Bajaj Finance and Bajaj Finserv top the list thanks to the whopping +108,433% and +1,904% returns since 2002 and 2008 respectively. In this article, we are going to cover a detailed comparison of Bajaj Finance vs Bajaj Finserv, two of the biggest companies in the NBFC and insurance segments of India. Keep Reading to find out the differences between the two as we analyze them! Table of Contents • • • • • • • • • • • • • Introduction to NBFCs Before we jump into the two stocks, have you ever wondered, if banks already exist and they give loans, accept deposits and provide financial services then why do we have NBFCs? Are these making any difference? So let’s understand what NBFCs do. NBFCs or Non-Banking Financial Companies offer similar services to the bank, but they do not have a banking license. This bars them from issuing cheques and demand drafts. The economy is divided into a wide array of subsections with different sets of needs and wants. Banks alone cannot serve all with the same viewpoint. That’s where NBFCs come into the picture. NBFCs work as intermediator for channelizing the funds from the lender (Banks) to the financially scarce sector, majorly the unorganized sector. NBFCs are more customer-oriented or tailor-made for individual needs which is beyond the scope of the banks. For this service, they generate income from the interest rate differential in borrowing lending. Consumer lending was the sector where Baja...

Fixed Deposit The Bajaj Finance Fixed Deposit has the highest safety and credibility ratings, assuring the security of your invested amount. Apart from the regular interest rates, we offer higher interest rates on special tenure of 15, 18, 22, 30, 33, and 44 months. While increasing FD rates impact your earnings, so does your investment tenure. A longer tenure for your fixed deposit means that you invest for a longer time to enjoy the power of compounding returns. Tenure in months At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.) 15* 7.45% 7.21% 7.25% 7.32% 7.45% 18* 7.40% 7.16% 7.20% 7.27% 7.40% 22* 7.50% 7.25% 7.30% 7.36% 7.50% 30* 7.45% 7.21% 7.25% 7.32% 7.45% 33* 7.75% 7.49% 7.53% 7.61% 7.75% 44* 8.35% 8.05% 8.10% 8.18% 8.35% Tenure in months At maturity (p.a.) Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Annual (p.a.) 15* 7.70% 7.44% 7.49% 7.56% 7.70% 18* 7.65% 7.39% 7.44% 7.51% 7.65% 22* 7.75% 7.49% 7.53% 7.61% 7.75% 30* 7.70% 7.44% 7.49% 7.56% 7.70% 33* 8.00% 7.72% 7.77% 7.85% 8.00% 44* 8.60% 8.28% 8.34% 8.42% 8.60% Term Deposit We offer term deposits, commonly referred to as fixed deposits, starting from as low as Rs. 15,000. You can open a fixed deposit online and opt for a range of tenures from 12 months to 60 months. From time to time, we offer special tenures with higher interest rates. In our fixed deposit, you invest a fixed amount for a fixed tenure and get the interest either at maturity or at a defined frequency. Sys...

Financial services group Bajaj Finserv entered the highly competitive mutual funds business and has plans to make it big over the next few years, drawing in on the ‘late mover advantage’. To begin with, the company is launching three schemes in the fixed income, liquid and money market products by the end of the month, and will have four more soon, depending on the regulatory approvals, group chairman and managing director Sanjiv Bajaj told reporters on Tuesday, announcing its entry into the mutual funds’ segment. The group’s ninth entity Bajaj Finserv Mutual Fund will compete with 40 others in the sector, which together manage as much as Rs 40 lakh crore of public money. At the launch event, Bajaj also added that the company aims to bring down the value of loans that are pushed through phone calls to less than 10% of its business. “Our aim would ideally be to bring this business down to 10 percent, and then to zero percent…so that our calls will only be service calls,” said Bajaj. “All promotional activity will happen through our digital channels; that is where we want to go.” “You (customers) will have the right to be forgotten, but make sure you never come back for our products and solutions,” Bajaj said. He added that in three months’ time, Bajaj Finserv’s website and its mobile application will have an option where borrowers and investors and clients can choose to never be “bothered again”. “We want to give people the right to be forgotten by us,” said Bajaj. When ask...

Our customer portal - It offers you a host of self-service options like: • Check your loan, card or fixed deposit details • Manage your loan repayments • Track insurance policies and premiums • Download important documents and statements • Check pre-approved offers created just for you Besides these, you can also update your contact or personal details in just a few clicks by visiting our customer portal. You can also raise your product or service-related queries online without any branch visits. Here are some of the major features of • Track existing loan details You can check your active loan accounts and monitor details such as EMI due date, outstanding balance and EMI amount. • Download important documents View and download your loan or fixed deposit-related documents such as the statement of account, interest certificate and No Dues Certificate. • Manage your loan repayment Pay an EMI in advance, part-prepay or foreclose your loan in a few clicks by visiting our customer portal. You can also use the option of overdue payment and clear your outstanding dues easily. • Update your profile details You can change your personal and contact details such as PAN, date of birth, mobile number, email ID and residential address without any branch visits. • Check pre-approved offers Share your basic details and get access to a host of exclusive offers on loans and cards created just for you. You can follow these steps to view or update your personal and contact details: Step 1: Cl...

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Bajaj Finserv Insta EMI Network Card Enjoy shopping like never before with Bajaj Finserv EMI Network Card. Purchase big-ticket items that you had been long waiting for, like Smart TV, Latest Smartphone, Laptop, etc. with zero down payment. With No Cost EMI, repay the amount in convenient monthly installments without incurring any additional charges like processing fees or interest rate. Our Bajaj EMI card can be used across a vast network of stores and e-commerce platforms. Walk into any of our 1 lakh+ partner stores, such as Big Bazaar or Croma or visit an e-commerce partner like Flipkart or Amazon and buy your favorite product on No Cost EMIs. Features & Benefits of Bajaj Finserv EMI Network Card • Get Up to Rs. 2 lakh loan pre-approved • Online application – 100% digital process • Rs. 500 Cashback on Activation • Easy online & offline shopping from wide network of partner stores • No need to carry card everywhere – access through Bajaj Finserv Wallet App • Zero foreclosure charges • An EMI network across 2900 cities – it includes online stores as well as 1.2 partner stores that are across 2900 plus cities. You have the option to choose from over 1.2 million products. • You can shop more now with no-cost EMIs. Note: The Bajaj Finserv EMI Card is now called Bajaj Finserv EMI Network Card. Documents Required for Bajaj Finserv EMI Network Card In case you are applying for a Bajaj Finserv EMI card online, you don’t require any documentation. But if you are applying for an of...

• I/We agree that the submission of loan application to Bajaj Finance Ltd. does not imply automatic approval by Bajaj Finance Limited and that the Bajaj Finance Ltd. will decide the quantum of the loan at its sole discretion and also reserves the right to reject any application and reserves the right to retain the application form along with the documents in case of rejection of loan. • I/We also agree to furnish any additional documents as may be required by Bajaj Finance Ltd. as and when required. • I/We understand that the Equated Monthly Installment (EMI) in connection with the loan will be due on of every month. I/We understand that the Bajaj Finance Ltd. shall not process incomplete / defective application and will also not be liable for loss or delay in processing resulting from the same. • I/We also agree to issue post dated cheques favouring Bajaj Finance Limited only and understand that the processing fee paid by me/us is non refundable. • I / We shall advise Bajaj Finance Ltd. in writing of any change in my / our residential or employment address. Please credit all sums received by you in either or all the names of this account. • I / We confirm that the funds shall be used for the purpose for which loan has been applied and will not be used for speculative or antisocial purpose. • I / We confirm that we have not taken any loan from any other Bank / finance company unless specifically declared by me / us. (please check this line) • I/We certify that we are citiz...

Bajaj Finserv Insta EMI Network Card Enjoy shopping like never before with Bajaj Finserv EMI Network Card. Purchase big-ticket items that you had been long waiting for, like Smart TV, Latest Smartphone, Laptop, etc. with zero down payment. With No Cost EMI, repay the amount in convenient monthly installments without incurring any additional charges like processing fees or interest rate. Our Bajaj EMI card can be used across a vast network of stores and e-commerce platforms. Walk into any of our 1 lakh+ partner stores, such as Big Bazaar or Croma or visit an e-commerce partner like Flipkart or Amazon and buy your favorite product on No Cost EMIs. Features & Benefits of Bajaj Finserv EMI Network Card • Get Up to Rs. 2 lakh loan pre-approved • Online application – 100% digital process • Rs. 500 Cashback on Activation • Easy online & offline shopping from wide network of partner stores • No need to carry card everywhere – access through Bajaj Finserv Wallet App • Zero foreclosure charges • An EMI network across 2900 cities – it includes online stores as well as 1.2 partner stores that are across 2900 plus cities. You have the option to choose from over 1.2 million products. • You can shop more now with no-cost EMIs. Note: The Bajaj Finserv EMI Card is now called Bajaj Finserv EMI Network Card. Documents Required for Bajaj Finserv EMI Network Card In case you are applying for a Bajaj Finserv EMI card online, you don’t require any documentation. But if you are applying for an of...

Financial services group Bajaj Finserv entered the highly competitive mutual funds business and has plans to make it big over the next few years, drawing in on the ‘late mover advantage’. To begin with, the company is launching three schemes in the fixed income, liquid and money market products by the end of the month, and will have four more soon, depending on the regulatory approvals, group chairman and managing director Sanjiv Bajaj told reporters on Tuesday, announcing its entry into the mutual funds’ segment. The group’s ninth entity Bajaj Finserv Mutual Fund will compete with 40 others in the sector, which together manage as much as Rs 40 lakh crore of public money. At the launch event, Bajaj also added that the company aims to bring down the value of loans that are pushed through phone calls to less than 10% of its business. “Our aim would ideally be to bring this business down to 10 percent, and then to zero percent…so that our calls will only be service calls,” said Bajaj. “All promotional activity will happen through our digital channels; that is where we want to go.” “You (customers) will have the right to be forgotten, but make sure you never come back for our products and solutions,” Bajaj said. He added that in three months’ time, Bajaj Finserv’s website and its mobile application will have an option where borrowers and investors and clients can choose to never be “bothered again”. “We want to give people the right to be forgotten by us,” said Bajaj. When ask...

Our customer portal - It offers you a host of self-service options like: • Check your loan, card or fixed deposit details • Manage your loan repayments • Track insurance policies and premiums • Download important documents and statements • Check pre-approved offers created just for you Besides these, you can also update your contact or personal details in just a few clicks by visiting our customer portal. You can also raise your product or service-related queries online without any branch visits. Here are some of the major features of • Track existing loan details You can check your active loan accounts and monitor details such as EMI due date, outstanding balance and EMI amount. • Download important documents View and download your loan or fixed deposit-related documents such as the statement of account, interest certificate and No Dues Certificate. • Manage your loan repayment Pay an EMI in advance, part-prepay or foreclose your loan in a few clicks by visiting our customer portal. You can also use the option of overdue payment and clear your outstanding dues easily. • Update your profile details You can change your personal and contact details such as PAN, date of birth, mobile number, email ID and residential address without any branch visits. • Check pre-approved offers Share your basic details and get access to a host of exclusive offers on loans and cards created just for you. You can follow these steps to view or update your personal and contact details: Step 1: Cl...