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Tag: Bajaj Finance

  • Paisabazaar banks on bonds & FDs with new wealth management foray

    Paisabazaar banks on bonds & FDs with new wealth management foray

    MUMBAI: Paisabazaar, one of India’s largest consumer credit marketplace, has taken a bold step into wealth management by launching fixed deposits (FDs) and corporate bonds on its platform.

    Best known as the go-to hub for free credit scores and loans, the fintech giant now wants to be the one-stop shop for all things money. “Our vision is to be a lifelong financial partner by offering a full suite of borrowing, saving and investment options,” said Paisabazaar, ceo, Santosh Agarwal.

    The move comes on the heels of PB Money, Paisabazaar’s personal finance management tool built on the account aggregator framework. With the latest launch, the platform promises retail investors a digital-first, transparent experience to compare, choose and book investment products, all from the comfort of their phones.

    FDs from players like Bajaj Finance, Suryoday Bank, Shivalik SF Bank, Slice SF Bank, Utkarsh SF Bank, Shriram Finance and South Indian Bank are now live on the app. Meanwhile, corporate bonds, powered by SEBI-regulated Grip Invest are being pitched as a high-yield alternative, with potential returns of up to 13.25 per cent, and investments starting as low as Rs 1,000.

    Investors can filter bonds by yield, credit rating and ticket size, and even access SEBI-registered analysts’ curated advice on theme-based portfolios. The aim: to make fixed income appealing again.

    Long term, Paisabazaar plans to balance its credit engine with savings and investment offerings, while targeting underserved and ‘new-to-credit’ segments. The company believes its data-led approach will deepen customer engagement and build a resilient, diversified model.
     

  • Airtel & Bajaj Finance to jointly offer financial services

    Airtel & Bajaj Finance to jointly offer financial services

    MUMBAI: Bharti and Bajaj are getting together. No, it’s not a couple from heartland India that’s getting hitched (would we be writing about a couple from rural India? Just kidding, on second thoughts, we might. But nonetheless this  punning around was to make this heavy piece feel light!)

    Anyway getting  back to business: it’s India’s second largest telco Bharti Airtel and non-banking finance company Bajaj Finance that have p has shaken hands to create a  one-of-its-kind digital platform for financial services.

    The partnership brings together Airtel’s vast customer base of 370 million, 12 lakh+ strong distribution network, and Bajaj Finance’s diversified suite of 27 product lines, and distribution heft of 5,000+ branches and 70,000 field agents.

    Under the agreement, firstly, Airtel will progressively offer close to 10 Bajaj Finance’s financial products to its customers within this calendar year. Secondly,  customers can apply for Airtel-Bajaj Finserv Insta EMI card through the Airtel Thanks App, providing access to a range of offers and flexible EMI options.

    Bharti Airtel vice-chairman & MD Gopal Vittal said, “We are building Airtel Finance as a strategic asset for the group and will continue to invest in and grow the business.”

    Bajaj Finance managing director Rajeev Jain, added: “Together with Airtel, we seek to be the financier of choice to India and enable millions to access financial services, even in remote areas.”

    When it does manage to do that, it sure would have proved to  have been a valuable handshake. 

  • Bajaj Finance launches campaign, ‘Har Time Emi On Time’

    Bajaj Finance launches campaign, ‘Har Time Emi On Time’

    Mumbai: The lending arm of Bajaj Finserv, Bajaj Finance Limited has launched a public awareness initiative ‘Har Time EMI On Time’. The digital campaign aims to drive awareness around the needs and benefits of adopting good financial habits for a healthy financial future. The digital, multilingual campaign will be seen across all the digital properties of Bajaj Finance Limited such as the website, social media platforms, customer portal, IVR, mobile app, and other media infotainment channels.

    The brand campaign features the endearing Gupta Ji, of ‘Savdhaan Rahein. Safe Rahein.’ fame teaching Tinku Ji, the simple ways of paying his monthly EMIs on time, in an entertaining and melodious style. Through Tinku Ji, the customers and the general public are made aware of the various consequences of non-payment or late payment of instalments and further draw attention to the need of making timely repayments to boost one’s credit score, as it may have an impact on making future borrowings easier.

    The campaign highlights the benefits of timely EMI payments, consequences of late EMI payments, ways to keep their credit score healthy for future borrowings and simplified meanings of key financial terminologies. It comes as an extension of its original educational series, ‘ABC of EMI’ launched during the observance of the Financial Literacy Week in February 2022, that articulated the simplified meaning of EMI and the various factors associated with it such as interest rate, zero down payment, credit score etc.

    The campaign seeks to educate the public at large about the benefits of paying their monthly loan EMIs on time and the negative side effects of missing their loan payments on their overall financial health in the long run. The campaign also focuses on the importance of adopting a disciplined habit of ensuring to adhere to payment commitments to enjoy the benefits of various financial offerings available in the market.

  • Bajaj Finance releases Diwali Campaign ‘EMI hai na’

    Bajaj Finance releases Diwali Campaign ‘EMI hai na’

    Mumbai: With the festive season transpiring in full swing, Bajaj Finance in collaboration with Bajaj Finserv Direct Ltd has launched its Diwali campaign ‘EMI hai na’ to offer discounts and cashback on a wide range of products and brands purchased on EMI through the Bajaj Finserv EMI Store of Bajaj Finserv Direct.

    “Customers can avail discounts on a slew of electronic products, home appliances, smartphones, smartwatches, furniture, fitness equipment, home decor, accessories, kitchen appliances, and much more with the minimal down payment. The campaign concludes on the 15 November,” announced the company on Thursday. 

    The campaign has a catchy jingle that addresses the common sentiments of most middle-class Indian consumers when they are faced with the choice of making high-value lifestyle purchases. With the “EMI Hai Na” campaign, the brand enables every customer living in different cities to experience benefits for their shopping aspirations, anytime, anywhere. The campaign encompasses the essence of India being ‘United by One Mantra’ and, i.e. “EMI hai na” in the context of repayment of purchases through monthly installments, said the company in a statement.

    Running LIVE across digital platforms, including Bajaj Finserv’s social media channels, audio streaming platforms (like Gaana, JioSaavn), radio, infotainment, and other OTT channels, the brand has infused a 360-degree strategy to make “EMI hai na” synonymous with Bajaj Finserv’s affiliate companies, Bajaj Finance, and Bajaj Finserv Direct. 

    It has also created a virtual game where customers can participate in a challenge to score maximum points. The participants will get cashback rewards. The Bajaj Finserv EMI Store also promises a seamless experience through its network of reputed and trusted partners. 

  • BharatPe ropes in Amit Jain as chief risk officer

    BharatPe ropes in Amit Jain as chief risk officer

    New Delhi: BharatPe on Wednesday appointed Amit Jain as its chief risk officer. A seasoned professional in credit risk and portfolio management, Jain will work closely with BharatPe’s co-founder and CEO, Ashneer Grover and BharatePe’s group president, Suhail Sameer, said the company.

    Prior to joining BharatPe, he was the chief risk officer for consumer lending at Bajaj Finance.

    Jain has over 17 years of experience in portfolio and credit risk management across consumer and SME lending, in renowned banking and financial institutions. During his stint of over nine years at Bajaj Finance, he held multiple roles including managing Risk for Personal Loans, Consumer Lending, Credit Card, EMI Cards and Payments, as well as Business Head for the EMI Cards Portfolio. Prior to Bajaj Finance, he held a senior role at SBI Cards in Risk, and Credit Policy team. He has also worked with Standard Chartered Bank and GE Capital.

     

    Commenting on the appointment, BharatPe co-founder and CEO Ashneer Grover said, “Talent at BharatPe is an amalgamation of Grade A operators with industry experience and passion to do things differently. Amit Jain joining us from Bajaj is a great validation for our lending business model and sets us up for building a high quality book at scale. I look forward to working closely with Amit to build a differentiated lending team and business with a wider set of products for our merchants.”

     

    The new appointment is part of the company’s larger goal to strengthen its leadership team. Earlier this year, BharatPe roped in PAYBACK’s former MD and CEO, Gautam Kaushik to lead the payments business, and Amarchand Mangaldas’ former partner Sumeet Singh as general counsel and head of corporate strategy.

    Talking about his new role, Jain said, “These are exciting times in the digital lending industry and I look forward to working with this incredible team at BharatPe and serving the credit needs of millions of unbanked and underserved merchants in the country. I believe, with my experience of leading risk and credit for several products in great institutions like Bajaj Finance, I would be able to make a meaningful impact at BharatPe, and therefore, in the lives of our merchants.”

  • Bajaj Finserv celebrates fitter lifestyle

    Bajaj Finserv celebrates fitter lifestyle

    MUMBAI: Bajaj Finance Ltd, the lending arm of Bajaj Finserv has launched a campaign #FitForLife Fest to offer fitness and wellness products on no cost EMI option.

    Under the campaign, customers can avail products like cycles, spa treatments, gym memberships, fitness equipment, fitness bands, smart watches, water purifier, air purifier, vacuum cleaner and life care elective treatments like hair restoration, cosmetic surgery, eye care, dental care, maternity, IVF and stem cell on EMI.

    The company has also launched a TVC for the same. EMI on cycles will start from Rs 999 and other fitness products at Rs 1280.

    The offer can be availed at 20000+ partner retail stores like VLCC, Dr Batra, Apollo Health check-up, Sabka Dentist, Partha Dental, True weight, Talwalkars, Gold’s Gym, Hero Cycle, Starkenn, Scott, Track and Trail Cycles, Tata Stryder, Four Fountains Spa, O2 Spa and many more. These special offers can be availed by both existing and new customers of Bajaj Finserv. New customers can connect with the Bajaj Finserv executive at the store to submit their documents and avail the finance option instantly. Existing holders of Bajaj Finserv EMI Network Card can transact using their card.

    The Bajaj Finserv no cost EMI option is a monthly instalment-based payment scheme with no hidden costs and most importantly, easy payments.

    Additionally, Bajaj Finserv customers can choose to foreclose their loan anytime without any extra charges and can also choose the tenor most suitable to them to repay on their own terms. This way, customers don’t have to worry about immediate payments or about exceeding their budget while shopping.