CreditBrief

What Bajaj Finance lends, and to whom

Its loan book from its own filings: how big it was at the end of FY2025-26, who borrows from it, how it has grown and where it ranks. Every number links to the page it came from.

FY2025-26Year-end balance on 31 March 2026, the last day of FY2025-26. The latest half-year balance, on 30 Sep 2026, is ₹5.85 lakh crore (+15% since March).

Bajaj FinanceNBFCs

₹5.10lakh croreAUM, consolidated on 31 Mar 2026: lent and not yet repaid

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Size among peers1stof 13 NBFCs on CreditBrief, March 2026
Biggest segment32%Mortgages, latest split (30 Sep 2026)
Share of the combined book22.8%of all NBFCs on CreditBrief

Chapter 01 · The loan book

₹5.10 lakh crore lent out by March 2026. To whom?

A loan book is everything a lender has lent that has not yet been paid back. It is not profit and not revenue: it is the money still owed to it, on one day.

The simple version. When someone takes a ₹50 lakh home loan, it sits in Bajaj Finance's loan book until it is repaid. Add up every loan it had out on 31 March 2026, from mortgages down, and you get ₹5.10 lakh crore. By 30 Sep 2026 it was ₹5.85 lakh crore.

First cut: who the borrower is · split from its latest filing, 30 Sep 2026

46%People and households₹2.67 lakh croreCaptive 2W & 3W FinanceOpen Market 2W & 3W FinanceUrban Consumer FinanceUrban Personal LoansRural Consumer Finance
15%Businesses₹88,355 croreMSME LendingCommercial Lending

39% sits in lines the filing does not tie to either: Loan Against Securities, Mortgages.

Drilling down: what it lends against · 30 Sep 2026

  • Mortgages₹1.87 lakh crore32%
  • Urban Personal Loans₹1.15 lakh crore19.7%
  • MSME Lending₹53,084 crore9.1%
  • Urban Consumer Finance₹48,098 crore8.2%
  • Loan Against Securities₹41,949 crore7.2%
  • Commercial Lending₹35,271 crore6%
  • Rural Personal Loans₹29,244 crore5%
  • Gold Loans₹24,195 crore4.1%
  • Car Loans₹16,919 crore2.9%
  • Rural Consumer Finance₹14,392 crore2.5%
  • Open Market 2W & 3W Finance₹8,991 crore1.5%
  • CV & Tractor Finance₹5,044 crore0.9%
  • MFI Lending₹2,680 crore0.5%
  • Captive 2W & 3W Finance₹2,387 crore0.4%

Group figure, so it includes Bajaj Housing Finance (₹1,58,205 crore), which also has its own page. Bajaj Finance on its own is ₹4,26,879 crore. "Mortgages" (₹1,87,133 crore) mixes home loans, loans against property, lease rental discounting and developer loans. It is left out of the segment rankings so the same loans are not counted twice.

Sources: Bajaj Finance Investor Presentation Q4 FY26, PDF page 7 ↗ for March 2026; Bajaj Finance Investor Presentation Q2 FY27, PDF page 6 ↗ for 30 Sep 2026 and the split.

Chapter 02 · Insights

Growing 27% a year since March 2022.

From ₹1.97 lakh crore on 31 March 2022 to ₹5.10 lakh crore on 31 March 2026, and ₹5.85 lakh crore by 30 Sep 2026. Click the i beside any figure in the table to see the line it was read from.

CreditBrief Insights6 figures from 4 filings · each checked against its pageHow it works
Bajaj Finance · loan book · 31 March 2026₹5.10lakh crore+22% in FY2025-26₹5.85 lakh crore by 30 Sep 2026
  1. 0127%a year since 2022Grew 27% a year from March 2022 to March 2026, faster than 7 of the 10 other NBFCs with like-for-like figures for those years.
  2. 0222%in FY2025-26Growth slowed to 22% in FY2025-26, from 26% the year before.
  3. 03Biggestamong peersHeld its place as the biggest of these 13 NBFCs from March 2022 to March 2026.
MeasureMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Loan book₹ crore · AUM, consolidated1,97,4522,47,3793,30,6154,16,6615,09,9755,84,624

Each value was checked by script: the quoted line is on the cited page and its number matches. Growth is worked out from these values.

Insights alertQ3 FY2026-27 due by 14 Feb 2027

Know what moved at Bajaj Finance, the week its results land.

Insights reads the filing, checks every figure against its page, and emails you the story with the receipts. About four emails a year per lender.

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Its last results, as an alert

CreditBrief Insightsto you

Bajaj Finance, Q2 FY2026-27: loan book ₹5.85 lakh crore, +15% since March

  • ₹5.85 lakh crore lent out by Q2 FY2026-27
  • Biggest segment: Mortgages, 32% of the book
  • Every figure links to page 6 of its filing

Chapter 03 · Among its peers

1st biggest of 13 NBFCs we cover, March 2026.

At the end of FY2025-26 it held 22.8% of the combined loan book of the NBFCs on CreditBrief. NBFCs and housing finance companies report assets under management.

  1. 1Bajaj Finance₹5.10 lakh crore
  2. 2Shriram Finance₹3.02 lakh crore
  3. 3Tata Capital₹2.77 lakh crore
  4. 4Cholamandalam Investment and Finance₹2.24 lakh crore
  5. 5Muthoot Finance₹1.63 lakh crore
  6. 6Aditya Birla Capital₹1.60 lakh crore
  7. 7Mahindra Finance₹1.34 lakh crore
  8. 8L&T Finance₹1.22 lakh crore

Explore every lender's loan book. CreditBrief covers 53 lenders, not every lender in India.

Chapter 04 · Working here

Getting in.

Read next

Prepare for the interview

Chapter 05 · Sources

Every number, traced to its filing.

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