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.

While the minimum CIBIL Score required for the Bajaj Finserv Insta EMI Card is 720, you should aim to fortify your creditworthiness by aiming for a score of 750 or more. The general consensus among lenders is that a score within the range of 750–900 is excellent.

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 has TTM P/E ratio 30.59 as compared to the sector P/E of 28.20.There are 31 analysts who have initiated coverage on Bajaj Finance. There are 14 analysts who have given it a strong buy rating & 9 analysts have given it a buy rating. 3 analysts have given the stock a sell rating.

"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.

You can borrow money with a 500 credit score, but don't expect great options. Bad credit personal loans will emphasize your income more than your credit score. Securing a loan with a 500 credit score may be challenging, but that doesn't mean every lending door is closed.

However, a 710 score is higher than the average VantageScore 3.0 score of 700 as of October 2023. If your score is 710: You're likely to qualify for some credit cards and loans, provided you meet other requirements. You may not qualify for the lowest interest rates.

Synopsis. The Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's eCOM and online digital 'Insta EMI Card' with immediate effect, according to an exchange filing by the company. The RBI's decision follows the remedial actions taken by Bajaj Finance.

Is Bajaj Finserv EMI card good? ›

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.

Depending on the additional funds you have, you may choose to pay off the entire outstanding loan amount in one go. This is called loan foreclosure or full pre-payment of loan. Foreclosing your loan can help you save on interest payments and reduce the overall cost of your loan.

The Investment Information and Credit Rating Agency (ICRA) evaluates the credit risk of all the NBFCs in India. You can confidently invest in Bajaj Finance Fixed Deposit as it has the highest credit ratings— CRISIL AAA/ STABLE and [ICRA]AAA(Stable).

Difference between Bajaj Finance and Bajaj Finserv

NBFC, offering a diversified portfolio of lending and deposit products to individuals, SMEs, and commercial customers. Bajaj Finance focuses on consumer finance. Bajaj Finserv is more diversified and focuses on insurance, investment management, and retail financing.

One of Bajaj Finserv's most outstanding achievements is its innovative suite of financial products. They introduced the concept of the Bajaj Finserv EMI Network Card, which allows customers to convert their purchases into easy EMIs at more than 1 lakh partner stores across India.

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.

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.

The Bajaj Pay Wallet is a secure digital wallet offered by Bajaj Pay. The wallet is designed to provide a convenient and secure way to manage money digitally.

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.