Bajaj Finserv

Bajaj Finserv

Bajaj Finserv is an Indian private financial services company that is a subsidiary of Bajaj Holdings and Investments Limited. The company was founded by Jamnalal Bajaj and is head-quartered in Pune, Maharashtra, India. It offers a host of financial services to customers including lending, asset and wealth management, insurance, financing consumers, life and general insurance. It also actively participates in generating wind-energy. The company has its presence felt in more than 1400 locations and employs over 20,000 employees.

Subsidiaries

Bajaj Finserv has a wide variety of subsidiaries under them. They are as follows:
 

  • Bajaj Finance Limited
  • Bajaj Allianz General Insurance Limited
  • Bajaj Allianz Life Insurance Company Limited
  • Bajaj Financial Services Limited.

Bajaj Finserv Loans for Salaried Individuals

Bajaj Finserv offers a wide variety of loans and finances that cater to all the needs and requirements of the salaried consumers. These loans range from home loans, gold loans to doctor loans and loans against shares. The different types of loans and finances offered to salaried individual are as follows:
 

  • Personal loan- The funds in this loan are approved instantly and available in the bank within 72 hours. Loans of up to Rs. 25 lacs are provided with part prepayment facility.
  • Home loan- In this facility home loan is available up to the amount of the registered value of the property with part prepayment facility and no foreclosure charges.
  • Durable finance- This finance is offered in order to buy durables like cell phones, laptops etc. on EMI finance facility. These durables can be bought with an EMI card for tenure of 8 to 24 months across 120 cities.
  • Lifestyle finance- Through lifestyle finance facility, home items to fitness equipment can be bought as up to Rs.3 lacs loan amount is provided with tenure ranging from 8 to 24 months and involving a simple documentation process.
  • EMI card- This card helps the customers to enjoy durable and lifestyle finances. It provides pre-approved offers with a simple documentation process and the freedom to use the account online.
  • Doctor loan- The loan amounts up to Rs. 30 lacs and is provided to doctors. The loans are approved instantly with the facility of part prepayment of loans.
  • Loan against shares- In these loans, funds can be borrowed against securities like shares, bonds, mutual funds, etc. This loan is approved instantly and is devoid of any collaterals or guarantors.
  • Gold loan-This loan can be achieved by keeping the gold ornaments of the customers as security. This loan involves easy EMI facility with an option of repayment facility.
  • Loan against fixed deposits- These loans can be enjoyed by the loan-holders against their fixed deposits without breaking them and at a very competitive rate of interest. These loans are surely approved and quickly distributed too.
  • Two and three wheeler finance- These loans helps the customers to buy two as well as three wheeler vehicles with an easy pay-in cash option and part  foreclosure charge (3%).
  • Extended warranty-Extended warranty enables the customer to enjoy extended warranty on the durable goods bought involving the cost of repair or replacement that might have happened due to damage within a given period of time.

Bajaj Finserv Loans and Finances for Self Employed

Bajaj Finserv offers a wide variety of loans and finances that cater to all the needs and requirements of the self-employed consumers. These loans range from home loans, gold loans to doctor loans and loans against shares. The different types of loans and finances offered to self-employed individuals are as follows:
 

  • Business loan
  • Home loan
  • Doctor loan
  • Loan against property
  • Loan against shares
  • Durable finance
  • Lifestyle finance
  • EMI card
  • Gold loan
  • Loan against fixed deposit
  • Lease rental discounting
  • Ecommerce seller finance
  • Two and three wheeler finance
  • Extended warranty

Bajaj Finserv Loans and Finances for Businesses

Bajaj Finserv offers a host of loans and finances to the businesses that take care of the needs and requirements of the businessmen. These types of loans and finances are as follows:
 

  • Business loan
  • Home loan
  • Doctor loan
  • Loan against property
  • Loan against shares
  • Gold loan
  • Loan against fixed deposits
  • Lease rental discounting
  • Ecommerce seller finance
  • Vendor finance.

Bajaj Finserv Investments

Bajaj Finserv is one of the leading companies that offers financial services to the clients and making sure that their investments are well utilised. They offer investment solutions in basically two forms. They are as follows:
 

  • Fixed deposits- Bajaj Finserv a wide variety of several fixed deposit schemes to the consumers that provides higher security and safety to their investments. Its features are as follows:
  • Available in more than 200 locations across India.
  • Maturity amount is credited automatically.
  • No TDS charged on payable interest up to Rs.5,000.
  • Fixed Deposit accounts can be viewed via Experia ( online customer portal)
  • Extra 0.25% interest rate for citizens above 60 years of age.
  • Mutual funds- Mutual funds are funds that take into account different funds from different investors in order t5o buy a host of different types of securities like shares, bonds, debt markets, etc. The features of mutual funds are as follows:
  • Securities are managed by experienced professionals.
  • Investors enjoys pro-rata share of the portfolio.
  • Money is bifurcated into small divisions across different companies.
  • Because of bifurcation of money, the risk is divided
  • Mutual funds process is simple, transparent and interactive.
  • Money is available in liquid form
  • The cost of transaction is very low and cost efficient
  • Mutual funds are registered with SEBI.