Quarterly Updates4 Nov 2025, 11:46 am
Bajaj Finance Records 27% Surge in Festive Loan Volume; Advances Financial Inclusion
AI Summary
Bajaj Finance Ltd., India’s largest private sector non-bank lender, has seen a surge in consumption finance during the festive season, disbursing a record number of consumer loans. The rise in consumption credit reflects the positive outcome of the government's next generation GST reforms and changes in personal income tax. Bajaj Finance disbursed approximately 63 lakh loans from September 22 to October 26, 2025, acquiring 23 lakh new customers, of which 52% were new-to-credit, thus significantly advancing financial inclusion. Lower GST for televisions and air-conditioners have helped consumers to reduce their average ticket size of loans while enabling them to upgrade to higher-end products.
Key Highlights
- Bajaj Finance records 27% surge in festive loan volume
- Advances financial inclusion as first-time borrowers form 52% of new-to-Bajaj Finance customers
- GST reforms and changes in personal income tax boost consumers' purchasing power
- Premiumization trend seen as lower prices of consumer goods enabled people to upgrade their purchases
- Lower GST for televisions and air-conditioners help consumers reduce average ticket size of loans while enabling them to upgrade to higher-end products