Bajaj Housing Finance proclaims a milestone achievement, surpassing Rs. 50,000 Cr. value of Belongings Underneath Administration. The Firm began functioning as an impartial entity in March 2018 and has touched this milestone quantity in simply 4 years of operations.
Bajaj Housing Finance crosses the Rs. 50,000 crore mark when it comes to Belongings Underneath Administration in 4 years of operations as a separate entity
Within the first yr of operations, i.e., FY19, Bajaj Housing Finance touched its first milestone of Rs. 10,000 Cr. of Belongings Underneath Administration. The next yr, the Firm’s AUM surpassed the Rs. 25,000 Cr. mark, reaching Rs. 32,705 Cr. by the top of FY20.
Bajaj Housing Finance closed FY21 with an AUM of Rs. 38,871 Cr. The identical yr, the Firm launched a novel providing within the type of Exterior Benchmark (Repo Charge) linked House Loans – changing into the primary Housing Finance Firm (HFC) to supply its prospects the selection to hyperlink their house loans to an exterior benchmark, i.e., the RBI Repo Charge. Whereas the RBI mandates banks to hyperlink House Loans to exterior benchmarks, such because the Repo Charge, HFCs can hyperlink their house loans to inside benchmark linked charges, also called the Floating Reference Charge.
About Bajaj Housing Finance Restricted
Bajaj Housing Finance Restricted is a 100% subsidiary of Bajaj Finance Restricted – some of the diversified NBFCs within the nation with 19 product strains throughout client, industrial, and SME finance catering to greater than 21 million prospects throughout the nation. Headquartered in Pune, Bajaj Housing Finance Restricted affords finance to people and company entities to buy and renovation of houses or industrial areas. It additionally supplies loans in opposition to property for enterprise or private wants and affords working capital for enterprise growth functions. It additionally supplies finance to builders and builders engaged in developing houses. Bajaj Housing Finance Restricted prides itself on holding the very best CRISIL AAA (Secure) ranking.
For extra info, please go to www.bajajhousingfinance.in I Fb I LinkedIn