Incorporated in 1987, Bajaj Finance Ltd (Bajaj Finance, formerly Bajaj Auto Finance Ltd) is a subsidiary of Bajaj Finserv Ltd, the financial services arm of the Bajaj group. Registered with Reserve Bank of India (RBI) as a systemically important deposit-taking non-banking finance company, Bajaj Finance initially provided loans for two-and three-wheelers (manufactured by Bajaj Auto Ltd; Bajaj Auto). Since then, Bajaj Finance has entered other lending segments, and become a significant player in the retail asset-financing industry.
Bajaj Finance's diversified product suite now comprises nine business lines - vehicle loans (two-and three-wheelers, manufactured by Bajaj Auto), consumer durable loans, personal loans (cross-sales and for salaried), mortgage loans (home loans and loans against property; LAP), small business loans, construction equipment loans, loans against securities (LAS), infrastructure loans, and loans to Bajaj Auto's vendors. Bajaj Finance is the largest financier of two-wheelers and consumer durables in India." Apart from consumer finance, the company also has substantial business penetration in SME, commercial and rural lending.
This offer is rated 'FAAA' by CRISIL. The rating of CFDs indicate that Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
This offer is rated 'MAAA' by ICRA. This indicates Highest safety/Lowest credit risk.