About Bajaj Housing Finance Limited (BHFL) 

Bajaj Housing Finance Limited (BHFL) is a subsidiary of Bajaj Finance Limited, registered with the National Housing Bank as a non-deposit taking Housing Finance Company since September 2015 and classified as an Upper Layer NBFC under RBI’s Scale Based Regulations. It began lending operations in July 2017 and, in FY2025, crossed the AUM milestone of H1,00,000 crore and completed a successful Initial Public Offering in September 2024, listing its equity on the NSE and BSE.  BHFL positions itself as India’s largest non-deposit taking HFC by AUM and the country’s second-largest HFC, ending FY25 with AUM of Rs 1,14,684 crore.

The company offers a full mortgage product suite spanning Home Loans, Loans Against Property, Lease Rental Discounting, Developer Financing, and Others (covering certain non-collateralised loans), serving salaried individuals, self-employed customers and professionals across prime, near-prime, and affordable segments.  On the commercial side, BHFL caters to real estate developers, high net worth individuals, REITs, sovereign wealth funds and corporates through products such as construction finance and lease rental discounting.

BHFL’s footprint spans India, with home loans offered at 174 locations; Loans Against Property at 74 locations; Lease Rental Discounting at 17 locations; and Developer Finance at 16 locations.  The company also distributes life, general and health insurance and other financial services products as a registered corporate agent with IRDAI, in partnership with various financial services providers.

Bajaj Housing Finance Limited’s Business Segments

• Housing Loans: Core retail portfolio serving salaried and professional customers; the company leverages a large base of approved project finance relationships to source home loans.
• Loans Against Property: Cash-flow-backed lending against property, sourced via both direct and indirect channels.
• Lease Rental Discounting: Lending against stabilised commercial assets (primarily Grade-A office, warehousing and industrial properties) for corporates, HNIs, developers, REITs, private equity and sovereign funds.
• Developer Finance: Construction finance for residential real estate projects, with tranche disbursements tied to construction, sales and collection milestones.
• Others: Select non-collateralised loans, forming a small share of the portfolio.

AUM by industry vertical for FY2025 (Rs in crore): Housing Loans Rs 64,447 (56% mix); Loans Against Property Rs 12,262 (11%); Lease Rental Discounting Rs 21,913 (19%); Developer Finance H14,346 (13%); Others Rs 1,716 (1%); total AUM Rs 1,14,684.  Under the regulatory composition. 

FY25 AUM mix was: Housing Loans 48%, Non-Housing Loans 19%, CRE-residential housing 10%, and CRE 23%.

Bajaj Housing Finance Limited Key Management

• Sanjiv Bajaj, Chairman.
• Rajeev Jain, Vice Chairman.
• Atul Jain, Managing Director.

Latest Updates on Bajaj Housing Finance Limited (BHFL)

• Equity listing: BHFL completed an IPO and listed its equity on NSE and BSE in September 2024.
• Strategic expansion: A new Strategic Business Unit for Near Prime and Affordable customers was launched in June 2024, expanding coverage across the full spectrum of prime and non-prime mortgage customers.
• Funding innovation: BHFL issued floating rate linked non-convertible debentures for the first time in FY2025, aligning with the predominantly floating-rate nature of its assets; FY2025 borrowing mix was 41% term loans, 46% NCDs, 3% CP, and 10% NHB refinance.