Bajaj Finance reported the disbursement of 6.3 million consumer loans between September 22 and October 26, 2025, reflecting a 27% increase in volume and a 29% rise in value compared to the same timeframe last year. The non-banking financial institution attributed this growth to the recent GST reforms and changes in personal income tax that enhanced consumer purchasing power.
During the festive season, the Mumbai-based lender added 2.3 million new customers, with 52% being first-time borrowers entering the formal credit system. This development represents a significant stride towards financial inclusion for India’s largest private sector non-bank lender.
Chairman Sanjiv Bajaj noted that the government’s policy reforms have made everyday products more accessible, allowing middle- and lower-income families to increase their spending during the festive period. The company observed a trend towards premiumization, as consumers opted for higher-quality products even with lower average loan amounts.
Lower GST rates on televisions and air conditioners contributed to a 6% reduction in average ticket sizes while encouraging upgrades. Loans for televisions with screens of 40 inches and larger now account for 71% of television financing, up from 67% the previous year.
Bajaj Finance operates through 239,000 active distribution points across 4,200 locations nationwide and serves 110 million customers. The firm finances a range of products, including mobile phones, consumer electronics, home appliances, furniture, and rooftop solar panels. As of June 30, 2025, its Bajaj Finserv App had recorded 75.1 million net installations.
On the NSE, shares of Bajaj Finance Limited closed at ₹1,054.70, reflecting an increase of ₹11.60 or 1.1% as of 3:25 PM today.
Published on November 4, 2025.
