Bajaj FinServ (2024)

FAQs

Is Bajaj Finserv reliable? ›

High stability and credibility: Stability and safety of income are most important for senior citizens. Bajaj Finance's FDs feature an AAA rating by ICRA and an AAA stable rating by CRISIL. This ensures that your investment is in safe hands.

Is Bajaj Finserv Ltd a good buy now? The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bajaj Finserv Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Is a Bajaj Finserv loan safe? Yes, a Bajaj Finserv loan is a safe loan to borrow as Bajaj Finserv follows strict lending guidelines. Bajaj Finserv offers ample features through its secured and unsecured offerings and doesn't levy any hidden charges.

What is the reason? Basis the directive received from Reserve Bank of India (“RBI”) vide its Press Release No. 2023-2024/ 1295 dated November 15, 2023 (“Press Release”), Bajaj Finance Limited has temporarily suspended sanction and disbursal of new loans under 'Ecommerce' like Amazon, Flipkart, MakeMyTrip, etc.

"Bajaj Finance's key product segments (until now) have been the secular growth segments. However, its foray into multiple newer products such as cars, tractors, CVs, and potentially MFI, could (in future) make its growth vulnerable to cyclicality despite having a well-diversified product mix," said the brokerage firm.

They are a safe and secure option, and opening an FD is hassle-free. You can earn interest on your deposits by investing in FDs. With highest credit rating of CRISIL AAA/STABLE and [ICRA]AAA(STABLE), Bajaj Finance offers higher FD rates of up to 8.85% p.a. to senior citizens, and up to 8.60% p.a.

Bajaj Finserv has low foreclosure and pre-payment charges that make this step affordable. You have to only ensure that the part pre-payment amount is greater than the value of one EMI. Fast approval, a high loan amount and flexible repayment modes make a personal loan from Bajaj Finserv better than the rest.

Bajaj Finance FD is the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE rated fixed deposit offering high FD rates and the security that the investor's money is entirely safe and remains unaffected by market conditions.

Weaknesses: Concentration Risk: While Bajaj Finance has a diverse product range, a significant portion of its revenue is still generated from consumer loans. Over-reliance on a single product category exposes the company to sector-specific risks.

Is Bajaj Finance FD Insured by RBI? As per the regulations from RBI, your investment in Bajaj Finance Fixed Deposit is more likely to be safe. RBI has made deposit insurance compulsory for all financial institutions. Therefore, your investment at Bajaj finance is insured and at the lowest risk.

Which bank is linked with Bajaj Finserv? ›

Providing both value and convenience via advanced technology, our partnership with RBL Bank Ltd. extends privileges of electronic payment to the entire consumer base. This aligns with the country's advance toward a cashless model and allows all beneficiaries to enjoy the perks that come with it.

Bajaj Finance focuses on consumer finance. Bajaj Finserv is more diversified and focuses on insurance, investment management, and retail financing. Insurance premium, interest income, fees and commission income, dividend income, and other income.

RBI directed Bajaj Finance to stop sanctioning and disbursing loans under the 'eCOM' and 'Insta EMI Card' products, effective immediately. The ban has come as a result of the lender not issuing Key Fact Statements (KFS) for these loan products, or there being deficiencies in the ones issued.

In November 2023, the Reserve Bank of India (RBI) imposed restrictions on the issuance of new loans and EMI cards under the Insta EMI programme and its e-commerce platform, eCOM. This action was taken because Bajaj Finance allegedly violated the RBI's digital lending guidelines.

Is taking the Bajaj Finserv EMI card a good option? Absolutely. Opting for the Bajaj Finserv Insta EMI Card is a prudent decision. Its swift approval process, widespread acceptance, and No Cost EMI option ensure a seamless and cost-effective shopping experience.

Bajaj Pay Wallet is a secure digital wallet that simplifies everyday payments for your customers.

Absolutely. Opting for the Bajaj Finserv Insta EMI Card is a prudent decision. Its swift approval process, widespread acceptance, and No Cost EMI option ensure a seamless and cost-effective shopping experience.

Highest Credibility Ratings

These ratings indicate that Bajaj Finance fixed deposit is one of the most trusted options available today. So, you can rest assured that it is safe to invest in Bajaj Finance FDs.