Bajaj Finance Ltd. Fixed Deposit interest rate up to 8.90% p.a.
Set up in 1987, Bajaj Finance Ltd (Bajaj Finance, formerly Bajaj Auto Finance Ltd) is a subsidiary of Bajaj Finserv Ltd, the financial services arm of the Bajaj group. Registered with Reserve Bank of India (RBI) as a systemically important deposit-taking non-banking finance company, Bajaj Finance initially provided loans for two-and three-wheelers (manufactured by Bajaj Auto Ltd; Bajaj Auto). Since then, Bajaj Finance has entered other lending segments, and become a significant player in the retail asset-financing industry. Bajaj Finance’s diversified product suite now comprises nine business lines – vehicle loans (two-and three-wheelers, manufactured by Bajaj Auto), consumer durable loans, personal loans (cross-sales and for salaried), mortgage loans (home loans and loans against property; LAP), small business loans, construction equipment loans, loans against securities (LAS), infrastructure loans, and loans to Bajaj Auto’s vendors. Bajaj Finance is the largest financier of two-wheelers and consumer durables in India.
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