Bajaj Housing Finance

What Bajaj Housing Finance does

Bajaj Housing Finance Limited (BHFL) is a publicly listed Indian non-bank housing finance company (Upper-Layer NBFC under RBI Scale Based Regulations) and a majority-owned subsidiary of Bajaj Finance Limited, which holds approximately 86.70% as of Q3 FY26. Incorporated in 2008 and hived off as a focused mortgage entity in 2017, BHFL became the third-largest housing finance company in India and the largest non-bank home loan financier by market value after its September 2024 IPO at Rs 150 per share. The company is headquartered in Pune, serves customers across India through a branch network, digital platforms, and partner channels, and reported AUM of Rs 1,40,706 crore as of March 2026 with full-year FY26 PAT of Rs 2,560 crore and a Gross NPA of 0.27%.

BHFL's product portfolio spans standard home loans (up to Rs 15 crore, 32-year tenure, rates starting at 7.25% p.a.), the Sambhav affordable housing loan targeting informal-income and first-time homebuyers (minimum income from Rs 10,000, PMAY-U 2.0 subsidy linkage), home loan balance transfer with top-up, loan against property, lease rental discounting, developer finance, and tailored offerings for professionals. The company has built a digital lending stack including an online application portal, DIY home loan origination, EMI and eligibility calculators, customer self-service portals (Customer Portal, Customer One Portal, Commercial Portal), a partner portal for DSA/channel originators, and WhatsApp and missed-call origination channels. An IMGC mortgage guarantee partnership extends formal lending reach into underserved borrower segments, and the company holds AAA/Stable ratings from CRISIL and India Ratings alongside A1+ short-term ratings.

BHFL generates revenue primarily through interest income on its mortgage book (Net Interest Margin of 3.8% in Q4 FY26), supplemented by transactional processing fees (e.g., Rs 1,999 + GST for in-principle online sanction, Rs 5,999 + GST for full processing). Its go-to-market combines direct retail branches, digital self-serve, channel partners, and developer-relationship sales, leveraging the Bajaj Group brand and Bajaj Finance's 119.33 million customer franchise for cross-sell and origination. Cost-to-income ratio at 19.7% and capital adequacy at 22.46% indicate operational efficiency and balance-sheet headroom to support continued scaling.

Name

Bajaj Housing Finance

Legal name

Bajaj Housing Finance Limited

Website

https://bajajhousingfinance.in

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Bajaj Housing Finance Limited is a publicly listed Indian non-bank housing finance company offering home loans, affordable housing loans (Sambhav), loan against property, lease rental discounting, and developer finance. It serves salaried and self-employed individuals, underserved first-time homebuyers, and real estate developers across India.

Ownership category

akta.pro rank

Product category

Housing Finance

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)

akta.pro secondary industries

Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI), Closed-End Home Equity Loans (Second Mortgages) (FSALAGAA), Home Equity Loan/HELOC Underwriting & Credit Policy (FSALAGAC)

Keywords

• Housing finance services
• Home loan products
• Affordable housing loans
• Loan against property
• Developer finance solutions

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Home Loan Interest Income: Primary revenue stream from interest charged on home loans provided to individuals for purchase and renovation of residential properties. Loans range from affordable segments (Sambhav) to premium home loans up to Rs.15 crore.
2. Loan Against Property (LAP): Interest income from loans secured against residential or commercial properties for business or personal needs, including balance transfer options.
3. Developer Finance: Financing provided to developers engaged in construction of residential and commercial properties, including construction finance and lease rental discounting.
4. Lease Rental Discounting: Finance against rental receivables for developers and high-net-worth individuals, with portfolio growing 44% year-on-year.
5. Home Loan Balance Transfer: Balance transfer of existing home loans from other lenders with top-up facilities, offering competitive rates starting from 7.30% p.a.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Bajaj Housing Finance provides housing finance solutions to individuals and corporate entities for buying, constructing, and renovating residential or commercial properties. Its product portfolio includes home loans (up to Rs 15 crore, starting at 7.25% p.a.), the Sambhav affordable home loan for underserved segments, loans against property, home loan balance transfer with top-up, lease rental discounting, and developer finance. The company operates a digital lending platform with online applications, EMI calculators, and partner/distributor channels across India.

Product overview

Bajaj Housing Finance Limited (BHFL) operates as a diversified housing finance platform offering a comprehensive suite of mortgage products. The core product portfolio includes Home Loans for property purchase/construction and Loans Against Property for secured borrowing, supported by specialized financing solutions including Lease Rental Discounting for developers and high-net-worth individuals, Developer Finance for construction projects, and the Sambhav Home Loan targeting underserved informal segments. The platform is complemented by balance transfer facilities with top-up options, digital tools (EMI calculators, eligibility calculators, income tax calculators), and multiple customer-facing portals (Customer Portal, Partner Portal, Commercial Portal) enabling end-to-end digital lending workflows. The company offers both standard and affordable housing products with loan amounts up to Rs. 15 crore and tenures up to 32 years, positioning itself as a technology-enabled mortgage lender catering to salaried, self-employed, and informal income borrowers.

Differentiator

Problem solved

Functional benefit

Brands

• Sambhav Home Loan: Affordable home loan product targeting near-prime and underserved segments including self-employed and informal income profiles, with eligibility starting at minimum income of Rs 10,000 per month.
• Sambhav Loans

Products and services

• Home Loan Standard housing loan for purchasing or constructing residential property, offering loan amounts up to Rs 15 crore with tenure up to 32 years and interest rates starting at 7.25% p.a. for salaried applicants, with disbursement in 48 hours after document verification.
• Sambhav Home Loan (Affordable Home Loan) Affordable housing loan targeting informal and underserved segments including self-employed and cash-salaried individuals with minimum income starting as low as Rs 10,000, designed for borrowers with limited credit history or informal income profiles. Tenure up to 25 years with PMAY-U 2.0 interest subsidy eligibility up to Rs 1.80 lakh.
• Home Loan Balance Transfer Facility to transfer existing home loan from another lender to Bajaj Housing Finance to avail better interest rates starting from 7.30% p.a., with option for top-up loan up to Rs 1 crore or higher.
• Loan Against Property Secured loan using residential or commercial property as collateral for business or personal needs, with disbursement in 72 hours and sizeable loan amounts based on property value, with minimal documentation.
• Lease Rental Discounting Financing solution against rental income from commercial or residential properties, allowing developers and high-net-worth individuals to leverage future rental receivables for current funding needs. Portfolio grew 44% year-on-year.
• Developer Finance Finance solutions for real estate developers engaged in construction of residential and commercial properties, providing working capital and project financing including construction finance facilities.
• Top-up Loan Additional loan facility for existing customers above their current home loan, offering sizeable amounts up to Rs 1 crore or higher for housing-related expenses with competitive interest rates.
• Online Home Loan Digital application process for home loans with instant in-principle sanction letter delivered in 10 minutes, available for Rs 1,999 + GST (non-refundable fee), with full processing at Rs 5,999 + GST.
• Home Loan for Professionals Tailored home loan offerings for professionals such as Chartered Accountants and Doctors, with special interest rates starting at 7.30% p.a.
• Loan Against Property Balance Transfer Transfer facility for existing loans against property to Bajaj Housing Finance to benefit from better rates and terms.
• Dual Interest Rate Home Loan Home loan product offering dual or flexible interest rate options, allowing customers to choose between rate structures based on their financial profile and preferences.

Quantifiable outcome

• AUM grew 23% year-on-year to Rs 1,40,706 crore in Q4 FY26
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• India Mortgage Guarantee Corporation (IMGC)coreStrategic or Co-development Partner · 21 April 2026Bajaj Housing Finance partnered with India Mortgage Guarantee Corporation (IMGC), India's first mortgage guarantee company, to offer mortgage guarantee-backed home loans targeting underserved and first-time homebuyers. The collaboration combines IMGC's credit risk protection expertise with Bajaj Housing Finance's distribution and last-mile lending capabilities. Coverage extends to BHFL's Sambhav Loans designed for customers with informal income profiles or limited credit history.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• HDFC Bank: India's largest private bank and dominant mortgage lender post HDFC Ltd merger. Directly competes with BHFL in prime home loans and LAP, with significantly larger balance sheet and lower cost of funds due to bank status.

Direct peers

• LIC Housing Finance: One of India's largest pure-play housing finance companies, offering home loans, LAP, and developer finance. Closest comparable as a publicly listed, national-scale HFC competing in the same segments as BHFL.
• PNB Housing Finance: Public-sector-promoted HFC offering retail home loans and LAP with pan-India presence. Comparable in product mix and customer segments, with similar asset quality focus and branch-based distribution.
• ICICI Home Finance: Subsidiary of ICICI Bank offering home loans, LAP, and developer finance. Direct competitor leveraging ICICI Bank's distribution, comparable to BHFL's relationship with Bajaj Finance.
• Aadhar Housing Finance: Listed affordable housing finance company focused on low-income and informal segment borrowers. Closest competitor to BHFL's Sambhav platform with similar customer profile and underwriting approach.
• Aavas Financiers: Affordable housing finance company targeting salaried and self-employed customers in lower ticket sizes. Comparable in affordable housing focus and use of alternative data for underwriting informal income profiles.
• Can Fin Homes: Public-sector-promoted HFC subsidiary of Canara Bank focused on salaried home loan segment. Comparable in retail mortgage focus, branch distribution model, and government-bank parent backing.

Emerging players

• India Shelter Finance Corporation: Emerging affordable housing finance company focused on tier-2/3 markets and informal income segments. Comparable to BHFL's Sambhav in customer profile but smaller in scale and geographic reach.
• IIFL Home Finance: Mid-sized HFC with focus on affordable housing and small-ticket LAP. Comparable to BHFL in product mix and customer segments but with smaller AUM and more regional concentration.

Others

• India Mortgage Guarantee Corporation (IMGC): India's first mortgage guarantee company and a strategic partner of BHFL for Sambhav loans. Not a direct competitor but an enabling partner providing credit risk protection that allows BHFL to underwrite underserved borrowers it otherwise could not.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BajajHousingFin
• YouTubeyoutube.com/@BajajHousingFinance
• Facebookfacebook.com/Bajaj-Housing-Finance-Limited-106889874092628
• LinkedInlinkedin.com/company/bajaj-housing-finance-limited
• Instagraminstagram.com/bajajhousingfinance

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bajaj Housing Finance