Bajaj Finance logs 27% surge in festive loan volume

Bajaj Finance on Tuesday said it reported a surge in consumption finance during this festive season, disbursing a record number of consumer loans. The non-bank lender, part of Bajaj Finserv , posted a 27% rise in loan volumes and a 29% increase in value compared to the same period last year.

Buoyed by the development, shares of Bajaj Finance ended 1.16% higher at ₹1,055 apiece on the BSE, taking its market capitalisation to ₹6.56 lakh crore. During the session, the NBFC stock rose as much as 1.68% to touch an intraday high of ₹1,060.45.

In an exchange filing this morning, Bajaj Finance said it disbursed approximately 63 lakh loans between September 22 and October 26, 2025. During this period, the company acquired 23 lakh new customers, of which 52% were new-to-credit, significantly advancing financial inclusion.

According to the company, the festive loan surge—fuelled by a rise in consumption credit, particularly for consumer goods—reflects the positive impact of the government’s next-generation GST reforms and changes in personal income tax aimed at boosting consumers’ purchasing power.

“The government’s next-generation GST reforms and personal income tax changes have given a fresh push to India’s consumption-led growth story. By making everyday products more affordable, these measures have empowered millions of middle- and lower-income families to spend with confidence during the festive season,” said Sanjiv Bajaj, Chairman, Bajaj Finance.

“The positive impact is not only reflected in the 27% higher disbursement of consumption loans, but also in a premiumisation trend, with consumers shifting to higher-quality products for better lifestyles,” he added.

He noted that over half of Bajaj Finance’s new customers during this festive season were new-to-credit, taking their first loan from the formal financial system.

The release further highlighted that lower GST rates on televisions and air conditioners have helped consumers reduce their average loan ticket size by 6%, while enabling upgrades to higher-end products. Consumer financing for TVs also showed a clear premiumisation trend, with loans for 40-inch and above screens accounting for 71% of total TVs financed by the company, compared to 67% last year.

Bajaj Finance serves a customer franchise of 110 million through its digital platforms and on-ground distribution network. For enhanced transparency, it provides customers with Key Fact Statements as part of loan agreements in 19 languages. The Bajaj Finserv App, with net installs of 75.1 million as of June 30, 2025, offers seamless access to credit, deposits, insurance, and investment products.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)