Bajaj Finance trades in green as its arm revises interest rate on home loan
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Bajaj Finance is currently trading at Rs. 5484.50, up by 44.20 points or 0.81% from its previous closing of Rs. 5440.30 on the BSE.
The scrip opened at Rs. 5440.30 and has touched a high and low of Rs. 5490.25 and Rs. 5408.00 respectively. So far 11171 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8043.50 on 19-Jan-2022 and a 52 week low of Rs. 5235.60 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 5564.00 and Rs. 5235.60 respectively. The current market cap of the company is Rs. 331290.88 crore.
The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 32.63% and 11.51% respectively.
Bajaj Finance’s fully owned subsidiary -- Bajaj Housing Finance has revised interest rate for its products. The company’s home loan interest rates now start as low as 7.20% p.a. for salaried and professional applicants. Eligible borrowers can pay EMIs starting at just Rs 679 per lakh. The Bajaj Housing Finance Home Loan offers sizeable finance to the tune of Rs 5 crore or higher, basis eligibility, with a repayment tenor of up to 30 years. Borrowers also benefit from hassle-free processing with an online application feature, minimal documentation, and doorstep pick-up service.
Those with an existing home loan can also make the most of the Company’s home loan offerings by availing of a home loan balance transfer. Borrowers can transfer the balance amount on their home loan to Bajaj Housing Finance for interest rates starting as low as 7.35% p.a. for salaried and professional applicants, with EMIs at just Rs 689 per lakh.
When transferring their home loan, borrowers also have the option to avail of a top-up loan of Rs 1 crore or higher, basis eligibility. The amount comes with no end-use restrictions, i.e., one can choose to spend it as they deem fit.
Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.
