Bajaj Finance Sees 27% Surge in Festive Loan Volumes; 52% of New Customers Are First-Time Borrowers

Mumbai/Pune, November 4, 2025: Bajaj Finance Ltd (NSE: BAJFINANCE, BSE: 500034), the largest NBFC lender of the country, has reported the financial performance for the second quarter of the current financial year (Q2 FY26). The company recorded a strong 27% increase (year on year) in loan disbursement volume and an overall 29% increase in value during the festive season. The company reported that it disbursed 63 lakh consumer loans between September 22 and October 26. During the process, it acquired 23 lakh new customers (around half of which were first-time borrowers).

The share price of Bajaj Finance was trading sideways throughout the morning session on Tuesday (November 04, 2025). However, there was some momentum during the afternoon session and at 12:20 PM, it surged by 0.89% and traded at ₹1,052.40. With today’s surge, the stock has risen by close to 18% in the past six months. The total market capitalisation of the company has reached ₹6.54 lakh crore.

Festive Momentum and Financial Inclusion

There were two major reasons for the high demand for consumer electronic goods and other commodities. First, the yearly festive momentum around the Diwali season. Second, a series of financial inclusion steps undertaken by the central government that included changes in personal income tax (increasing the limit) and reforms in the GST structure, making products more affordable, particularly in categories such as TVs and air conditioners.

Management Commentary

The management expressed satisfaction with the numbers reported and attributed the growth to the country’s consumption-led stories. The company’s chairman, Mr Sanjiv Bajaj, underlined that there was a premiumisation trend among buyers, and most people opting for consumer durable loans chose high-end products to improve their lifestyles.

Product Trends and Consumer Behaviour

As the GST rates were slashed just before the festive season, the company saw a higher demand for loans even when there was a reduction of 6% in average loan ticket size. The consumers preferred premium products. For instance, the TV segment saw 71% financing of screens of 40 inches and above (which was more than 67% from the previous year).

The company’s network spans over 239000 distribution points and across 4200 locations. Bajaj Finance continues to expand financial access through both physical and digital channels. The total customer base, after the festival season, has surpassed 110 million, which can also be attributed to the Bajaj Finserv App (75 million users).

Bajaj Finance Limited is a subsidiary of Bajaj Finserv Limited. It is a deposit-accepting NBFC (Non-Banking Financial Corp) registered with the RBI. The company serves retail customers, SMEs and commercial/rural lending segments. It also provides fixed deposits and payment solutions. The company has a top-tier credit rating (AAA/Stable) by the domestic credit rating agencies. It also has a BBB stable international rating (S&P Global).

REF: https://nsearchives.nseindia.com/corporate/BAJFINANCE_04112025114551_BFLSEintimationmediarelease.pdf

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