Bajaj Housing Finance BIG Update शेयर में एंट्री ले |Bajaj Housing Finance Share| Stock Market News

Bajaj Housing Finance BIG Update शेयर में एंट्री ले |Bajaj Housing Finance Share| Stock Market News

Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans.[1]

Key Points [ edit ]
Market Leadership[1] BHFL is the 2nd largest Housing Finance Company (HFC) within just seven years of starting its mortgage operations. As of March 2024, it is the 8th largest NBFC - Upper Layer by AUM and 2nd most profitable HFC. In FY2024 and Q1FY2025, BHFL recorded the 2nd highest loan disbursement among HFCs, with the 2nd highest AUM per branch and employee among large HFCs.

Business Division[2]
Bajaj Housing Finance Limited (BHFL) operates as a subsidiary of Bajaj Finance Limited, focusing on providing mortgage lending services
A) Home Loans (57.5% of AUM)[3]
These loans are extended to individuals for purchasing residential properties. They are long-term loans with relatively low interest rates, generating a steady income for the company.
B) Loans Against Property (LAP) (10.0%):[4]
LAP allows borrowers to raise funds by using their residential or commercial property as collateral without selling it.
C) Lease Rental Discounting (19.5%):[5]
This product is designed for commercial property owners who lease out their premises. The loan is given based on the future rental income that the property is expected to generate.
D) Developer Financing (12%):[5]
These loans support developers in funding large-scale residential or commercial projects. Developer financing is a riskier product as it depends heavily on the success of the real estate market and the completion of the projects. However, it offers higher returns compared to retail lending due to the larger loan amounts and higher interest rates.

Active Customers[6] As of March 31, 2024, the company had 323,881 active customers, of which 81.7% were home loan customers.

Key Data Points - June 24[7]
Total AUM - 97,071 Crs
**Average Ticket Size **
Home Loan - 4.6 Mn
LAP - 5.9 Mn
Average Finance Cost - 7.9%
Net Interest Margin - 3.9%

Distribution Network[6] The Company has a network of 215 branches in 174 locations across 20 states and 3 union territories, overseen by 6 centralized retail loan review centers and 7 centralized loan processing centers.

Least NPA[1] Their GNPA ratio of 0.28% and the NNPA ratio of 0.11% were the lowest among large HFCs end of June 2024.

Home Loan Bifurcation[8] Within the home loan book, 87.5% of their customers were salaried (highest amongst large HFCs), 4.3% were self-employed professional customers, and 8.2% were self-employed non-professional customers. About 75.5% of home loan AUMs were from customers with a CIBIL score above 750.

Geographical AUM Bifurcation[9]
Maharashtra: 32.0%
Karnataka: 22.7%
Telangana: 14.8%
Gujarat: 8.1%
New Delhi: 7.6%
Tamil Nadu: 5.2%
Rajasthan: 1.6%
Uttar Pradesh: 1.6%
West Bengal: 1.7%
Madhya Pradesh: 1.2%
Haryana: 1.3%
Others: 2.2%

Third-Party Products[10] BHFL has partnered with multiple insurance providers to offer bundled products to customers. Registered as a corporate agent with the Insurance Regulatory and Development Authority of India (IRDAI) on 22 December 2023, BHFL has expanded its suite of insurance products to include life, general, and health insurance.

IPO Details[11] Co. raised 6560 Crs through the IPO and got listed on Sep 16, 2024.


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