Bajaj FinServ (2024)

FAQs

Why is Amazon not accepting Bajaj Finserv? ›

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 Finserv Ltd target price ₹1777.08, a slight upside of 9.77% compared to current price of ₹1579.25. According to 12 analysts rating.

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.

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.

Shares of Bajaj Finance dropped nearly 3 percent in intra-day trading on Wednesday after the non-banking financial company (NBFC) released its Q1 earnings report. The results failed to impress several brokerage firms, raising concerns about the stock's near-term performance remaining subdued.

RBI lifts the restrictions

On May 2nd, 2024, Bajaj Finance announced that the RBI had lifted the restrictions on their Insta EMI Card and eCOM platform.

Bajaj Finance Future Growth

Bajaj Finance is forecast to grow earnings and revenue by 17.6% and 26.1% per annum respectively. EPS is expected to grow by 20.5% per annum. Return on equity is forecast to be 21.6% in 3 years.

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 8.65% p.a. to senior citizens, and up to 8.40% p.a.

According to analysts, BAJAJFINSV price target is 1,738.75 INR with a max estimate of 1,930.00 INR and a min estimate of 1,310.00 INR.

Depending on several factors, the limit on the Bajaj Finserv EMI Network Card can range up to ₹3 Lakhs. This allows you to buy big-ticket items even if they do not fit your budget immediately. Leveraging the no-cost facility, you can also evade any additional cost or interest.

Does Bajaj Finserv require down payment? ›

Shop all you want with zero downpayment - Bajaj Finserv.

A credit score of 900 is not possible, but older scoring models that are no longer used once went up to 900 or higher. The highest possible credit score you can get now is 850.

Bajaj Group

Bajaj Finserv Ltd. / Parent organization

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.

If you are looking for safe investment option, then you can consider investing Bajaj Finance Fixed Deposit. With a top-tier AAA rating from financial agencies like CRISIL and ICRA, they offer one of the highest returns, up to 8.65% p.a.

Your Bajaj Finserv EMI Network Card can be used on any of our affiliated e-commerce sites, including Amazon, Flipkart, Yatra, MakeMyTrip, and more for both online and offline purchases.

It is possible that your Bajaj EMI card may not be eligible for online transactions due to a variety of reasons. It could be that the card has expired, or that the card has been blocked due to suspicious activity.

Have you exceeded your credit limit? Did you enter your credit card number, credit card expiration date, billing address, and phone number correctly in Your Account? Is your purchase outside of your normal spending range? Some banks will block transactions due to security concerns.

The Bajaj Finserv EMI Network Card can get blocked for multiple reasons such as: Failing to pay EMIs on time. Not being able to submit the ECS mandate correctly. Your CIBIL Score has drastically dropped below 750.