BAJAJ FINANCE HISRORY

Bajaj Auto Finance Ltd. (BAFL) was incorporated as a Private Limited Company on 25th March, 1987. It became a deemed Public Limited Company by virtue of Section 43(A) of the Companies Act, 1956 w.e.f., 20th October, 1987. Initially BAFL was promoted by erstwhile Bajaj Auto Limited and Bajaj Auto Holdings Limited. Bajaj Auto Limited is the largest manufacturer of two and three wheelers in the country and Bajaj Auto Holdings Limited is an investment company and is a wholly owned subsidiary company of Bajaj Holdings & Investment Limited. As per the Scheme of Demerger of erstwhile Bajaj Auto Limited, the shareholding of Bajaj Auto Limited in BAFL has been vested with Bajaj Finserv Limited. BAFL is an NBFC registered with RBI and authorised to accept public deposits. Consequent to the re-classification of NBFCs by RBI, BAFL has been re-classified as an Asset Finance Company (Deposit Taking). BAFL is engaged primarily in the business of financing of two wheelers, consumer durables, personal computers, personal loans etc.

BAFL made a Public Issue of Equity Shares in 1994 and its Equity Shares are listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited. BAFL made a Preferential Issue of Equity Shares to the Promoters and a few foreign corporate bodies and also warrants to the Promoters in 2006. BAFL made a Rights Issue of Equity Shares and Non-Convertible Debentures with detachable warrants to the existing shareholders in 2006-07. The present Paid-up Capital of the Company is Rs.365,960,760/BAFL has its headquarters at Pune and has more than 50 branches spread across the country ABOUT BAJAJ FINANCE
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Bajaj Auto Finance Limited was incorporated on March 25, 1987 as Bajaj Auto Finance Private Limited got converted into a public limited Company w.e.f. September 24, 1988 The company is registered with the RBI as a Non Banking Finance Company (NBFC) with effect from March 5, 1998 The Company primarily deals in the financing consumer durables, personal and small business loans, loan against property, loan against shares

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The Company achieved its highest ever disbursals of Rs.26,313 million under its various financing schemes, during the year 2006-2007 Network of over 6,000 Bajaj Auto and consumer durable dealerships and over 50 branch offices throughout the country to handle all the requirements of our customers Trust and loyalty of over 40 lakh satisfied customers across the country Highest Credit Rating of FAAA/Stable from CRISIL for Fixed Deposits P1+ rating from CRISIL for Short-Term Debt Programme AA+/Stable from CRISIL and LAA+ from ICRA for Long-Term Debt Programme

CERDIT RATINGS:
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Highest Credit Rating of FAAA/Stable from CRISIL for Fixed Deposits P1+ rating from CRISIL for Short-Term Debt Programme AA+/Stable from CRISIL and LAA+ from ICRA for Long-Term Debt Programme

MANAGEMENT TEAM:

RAJEEV JAIN: CEO

Rajeev JAIN is a Management graduate by profession and has 15 years of experience in consumer lending industry. He comes with an experience of managing diverse consumer lending business viz. auto loans, durable loans, personal loans and credit cards. In his previous assignments he has worked for over four years with GE and eight years with American Express. He Joins Bajaj Auto Finance Ltd from AIG, where He was Deputy CEO of its consumer finance business.

DEEPAK GUPTA (CHIEF HR)

Deepak has an overall experience of 19 years in Financial Services, ITES and Manufacturing industry. Deepak has strength in areas like Strategy & Structure, People Policies, Employee relations, Talent management, Employee engagement, Performance measurement practices, Compensation, Rewards and Training & Development. Deepak joins us from SREI Infrastructure finance, where he was Group Sr. Vice President and Head of Human Resources. He was responsible for organization development, and HR effectiveness across the employee eco cycle i.e. spanning across Talent attraction, Performance Management, Compensation, Rewards & variable pay, Policies, Employee services, Leadership development and Productivity. Prior to that, he worked with Company like CRISIL, ENAM Financial, CEAT Financial Services and Reliance Industries Limited. Deepak will be responsible for driving People strategy for the organization and in making Bajaj Finance an employer of Choice. He will also be responsible for the Administration function in the company

DEEPAK REDDY: HEAD OF PERSONAL AND SMALL BUSINESS LOANS

Deepak is a management graduate with over 14 years of experience in distributing Financial Services & Consumer Durables. He joins us from American Express, where he held various positions in its Personal Loans & Consumer Card businesses over the last 9 years. He was Director - Sales (Consumer Cards) in his previous assignment there. Prior to American Express, Deepak has worked with Standard Chartered in Auto Loans business and also with Onida distributing durables for the first four years of his career.

DEVANG MODY: BUSINESS HEAD SALES FINANCE, CROSS SELL AND INSURANCE

Devang is a Chartered Accountant by education and has experience in consulting and financial services. He joins us from AIG, where he worked as Vice President Business Development & CRM, Consumer Finance Business. Prior to that, he worked with GE Money for over 8 years in various assignments in Six Sigma, Sales Finance, Cross Sell and Personal Loans. Earlier, he has spent 5 years in consulting with firms like E&Y. Sales Finance is a strategic and high growth business for Bajaj Finance. Devang is responsible for profitably growing our leadership position in Sales finance.

PANKAJ THADANI: CHIEF FINANCIAL OFFICER

Pankaj joined BAFL in 2006 and has an experience of 24 years in financing, financial accounting, cost accounting, tax and systems. He is a Mathematics Graduate and is a Chartered Accountant by profession. He joined BAFL from an equity research company called Corporate Database. His previous assignments were with Bajaj Auto Limited, Eischer and Mico Bosch.

RAKESH BHATT: CHIEF INFORMATION OFFICER

Rakesh has an overall experience of 16 years in finance & technology industry. He has played several leadership roles encompassing CIO responsibilities, IT product management and delivery. Rakesh joins us from AIG Consumer Finance (India) where he was Vice President and Head Technology. Prior to that, he worked with 3i Infotech Ltd for 5 years with assignments in IT product management and development, product marketing and pre-sales support. Earlier, he had worked for Reliance Industries and GE Money. VIVEK LIKHITE: CHIEF CREDIT AND OPERATIONS

Vivek joined BAFL in 2007. He is a Chartered Financial Analyst and holds a Cost Accountant degree from ICWAI. He has an experience of 20 years in strategic planning, process management, operations

management, accounts, funds management, budgeting and MIS. He has worked with Larsen & Turbo Ltd for eight years. His last assignment was with TATA Motor Finance before joining BAFL.

GURUMEET KAUR: CHIEF RISK OFFICER

Gurmeet is a management graduate with over 16 years of experience in financial services and airline industry. She joins us from Future Money where she was the Chief Risk Officer and is credited for successful implementation of Risk policies and underwriting structure for Consumer Durables, Personal and Business loans and Loan against properties, implementation of state of art loan origination, repayment management and collections system. In her role as Chief Risk Officer at Bajaj Finance, Gurmeet is responsible for creating a proactive risk policy framework, strengthening our existing collections strategy, strengthening the existing loan origination platform, creating a world class data warehouse & analytics platform and reinforcing our fraud control strategy. CODE OF CONDUCT: CODE OF CONDUCT FOR DIRECTORS AND MEMBERS OF SENIOR MANAGEMENT Preface This code of conduct shall apply to the Directors and members of the Senior Management of Bajaj Auto Finance Limited (referred to hereinafter as BAFL or the Company). For this code, members of the Senior Management (hereinafter referred to as `Senior Managers) shall mean those personnel of the Company, who are members of the core management team, but shall exclude the Managing / Whole-time Directors. Directors and Senior Managers shall observe the highest standards of ethical conduct and integrity and shall work to the best of their ability and judgement. Directors and Senior Managers shall be governed by the rules and regulations of the Company as are made applicable to them from time to time. Directors and Senior Managers shall affirm compliance with this code on an annual basis as at

the end of each financial year. Code of conduct : 1. Directors and Senior Managers shall ensure that they use the Companys assets, properties and services for official purposes only or as per the terms of appointment. 2. Directors and Senior Managers shall not receive directly or indirectly any benefit from the Companys business associates, which is intended or can be perceived as being given to gain favour for dealing with the Company. 3. Directors and Senior Managers shall ensure the security of all confidential information available to them in the course of their duties. 4. No Director or Senior Manager, other than the designated spokespersons shall engage with any member of press and media in matters concerning the Company. In such cases, they should direct the request to the designated spokespersons. 5. Directors and Senior Managers shall not engage in any material business relationship or activity, which conflicts with their duties towards the Company. 6. Senior Managers shall not, without the prior approval of the Managing Director of the Company, accept employment or a position of responsibility with any organisation for remuneration or otherwise. In case of Whole-time Directors, such prior approval must be obtained from the Board of Directors of the Company. 7. Directors and Senior Managers shall declare information about their relatives (spouse, children and parents) employed in the Company.

PRODUCTS:
BUSINESS LOANS CONSUMER DURABLE LOANS IT PRODUCT LOANS LOAN AGAINST PROPERTY LOAN AGAINST SHARES TWO WHEELER LOANS

INSURANCE SERVICES

Business Loans
Features Our Business Loans are unsecured loan which can be availed for your business use without providing security or guarantors. Business Loans could be taken for your business expansion, consolidating liability, repaying existing loans or any other immediate business requirement. Bajaj Finance Business loans are offered from Rs.3 lacs to Rs.30 lacs which can be repaid in 12 - 36 monthly installments. Bajaj Finance Business Loans comes with the following unique features: 1. Free Personal Accident Insurance of up to Rs 5 lacs 2. Prompt Repayment Benefits 3. No Foreclosure Charges Benefits Only Bajaj Finance Business Loans comes with the following exclusive benefits: 1. Free Personal Accident Insurance of up to Rs 5 lacs - In case of untoward incident you would be covered with a personal accident insurance up to Rs 5 lacs. 2. Prompt Repayment Benefit - You get refund of 50% of the processing fee charged if you clear all your monthly installment on time. 3. Nil Foreclosure Charges -If you want to repay your loan, please go ahead, we do not charge any foreclosure charges if the loan is closed after repaying 6 monthly installments. Eligibility
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Entities Partnerships, Private limited and closely held limited companies.

Documents Professionals Application form 1 Photograph Yes Yes Businessmen Yes Yes

Identity Details Residence Details Signature verification from Bank Degree Certificate & Certificate of Practice Repayment Track record Income Details

Yes Yes Yes

Yes Yes Yes

Yes No*

No Yes

IT Returns & Balance Sheet IT Returns & Balance Sheet & P/L Account statement for & P/L Account statement for the last 2 years the last 2 years For the last 6 months For the last 6 months

Bank Account Statements

Processing Fees 2% of the loan amount Prepayment Charges

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6% of the principal outstanding amount if the loan is closed within 6 months 5% of the principal outstanding amount if the loan is closed after 6 months

EMI bounce charges Rs 500 for every bounce Penal Interest 2.15% p.m

Consumer Durable Loans

Features Bajaj Finance, the sole organized financier in the market offering Consumer Durable loans offers you Dreams on EMI, with 0% finance options also available. CD loans are EMI loans for Consumer Durable items like Washing Machines, Refrigerators, Color TV's, LCD's etc. These CD loans come at a very reasonable price, with a very simple process. You can just walk into one of our Dealer partner showrooms and avail of this facility for the item of your choice. Loans are available for amounts more than Rs.7500. Multiple Credit programs are also available to suit your fitment. Benefits 1. 0% finance options available (for select schemes). 2. Simple process with minimum documentation. 3. On the spot approvals with fastest processing.

4. Flexible repayment options. 5. ECS clearing, reducing hassle of arranging cheques. 6. Extended Warranty available.

Eligibility
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If you are a Salaried person your age should be between o 21 years to 60 years. If you are Self Employed your age should be between o 21 years to 65 years.

Documents Self Employed Y Y Y Y N Y N Y Y Y Y N

Salaried Id Proof Residence Proof 3 Cheques Credit Program Specific Documents (Any 1 of the following): 1. Credit Card front side photocopy 2. Visiting Card & Employee Id proof 3. Photocopy of RC book (Not applicable for vehicles registered after 2004 & commercial cars) 4. PPF Account Statement. 5. Bajaj Finance existing loan Repayment Schedule (subject to not later than 18 months old) 6. Any other Bank/NBFC Repayment Schedule 7. Latest Original Post Paid mobile bill 8. Insurance Premium Receipt 9. Salary Slip Y Y Y Y Y Y Y Y Y Y Y Y

FEES & CHARGES:

As per schemes selected by Customer

IT Product Loans
Features Bajaj Finance, the sole organized financier in the market offering IT Product loans, offers your Dream Desktop/Laptop on EMI, with 0% options also available. These IT Product loans come at a very reasonable price, with a very simple process. You can just walk into one of our Dealer partner showrooms and avail of this facility for the item of your choice. PC loans are available up to 100% of the product price. Loans are available for amounts above Rs. 20000. Benefits 1. 2. 3. 4. 5. 6. 0% finance options available (for select schemes). Simple process with minimum documentation. On the spot approvals with fastest processing. Flexible repayment options. ECS clearing, reducing hassle of arranging cheques. Extended Warranty available.

Eligibility
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If you are a Salaried person your age should be between o 21 years to 60 years. If you are Self Employed your age should be between o 21 years to 65 years.

Documents Self Employed Y Y Y

Salaried Id Proof Residence Proof 3 Cheques Credit Program Specific Documents (Any 1 of the following): Y Y Y

1. Credit Card front side photocopy 2. Visiting Card & Emp. Id proof 3. Photocopy of RC book (Not applicable for vehicles registered after 2004 & commercial cars) 5. Bajaj Finance existing loan Repayment Schedule (subject to not later than 18 months old) 6. Any other Bank/NBFC Repayment Schedule 9. Salary Slip

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Y N Y Y Y N

Loan against Property:

Features Loan Against Property is a Loan facility which a person or an entity avails by keeping property as a collateral. Bajaj Finance offers Loan Against Property for all your business and personal needs - whether you need money for your business expansion, working capital, loan consolidation, marriage in the family, childrens education or any other need you may have. The loans are available up to Rs.12.5 Crores and can be paid back over a comfortable term up to 15 years. We offer you a wide range of products to choose from: 1. 2. 3. 4. 5. Loan Against Residential Property Loan Against Commercial Property Loan for Purchase of Commercial Property Loan Against Plot Lease Rental Discounting

To meet the needs of all our customer we bring you a complete suite of programs that are tailor made to your requirements, you can avail a loan under any of the following programs:
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Normal Income Program: You can avail loan basis your financial statements. Debt Consolidator: If you have multiple loans running and want to consolidate to one single EMI this has been designed just for you. There is also a flexibility of availing additional loan under this program. Alternate Income Program: You can avail of loans upto Rs. 1 Crore under our Low LTV and Banking programs, which have been designed specifically to meet your requirements in a quick and hassle free manner.

Benefits Only Bajaj Finance Loan Against Property comes with the following exclusive benefits:
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Nil Prepayment Charges You have the flexibility of partially or completely repaying your loan at any point of time! We do not levy any charges on partial (1 EMI or more) or complete closure of your loan after repayment of 6 monthly installments. Prompt Repayment Reward You will be rewarded for repaying your loan in time! We pay you 1% of the Equated Monthly Installment (EMI) paid in the first 12 months subject to timely clearance and no defaults. This amount shall be sent to you as a token of appreciation from Bajaj Finance at the end of the 13th month. Free Personal Accident Insurance You are given a completely free Personal Accident Coverage! In case of untowards incident you would be covered with a personal accident insurance upto Rs. 10 Lacs. Best in class Insurance Schemes: You can avail attractive Insurance packages at a very competitive premium! o Group Suraksha from Bajaj Allianz  Non Medical Loan & Life Insurance up to Rs. 70 Lacs  Level term Plan, which means you are covered for the complete amount despite reduction/ prepayment of loan amount  Coverage for the complete tenor of the loan to a maximum of 30 Yrs o Home Safe Plus from ICICI Lombard  Non Medical Insurance up to Rs. 3 Crores  Provides coverage against accidental death, permanent or total disability, diagnosis of critical illness and loss of job*  Coverage for 5 years Transparency and Flexibility - You are given the details of all the charges upfront. A no surprises in future promise from Bajaj Finance awaits you! Bajaj Finance believes in complete transparency and flexibility for its customers. To ensure that you are aware upfront of every charge that you might have to incur over the term of 15 years we have taken the following steps: o You are issued a sanction letter and a copy of loan documentation for your records. o You are issued a welcome letter which is exclusively designed and customized for you. It is sent to you within a week of the loan disbursal giving you complete details of your loan, repayment schedule and comprehensive details on Insurance along with a tariff card detailing all applicable charges and benefits available as a customer. o You have the option to make a prepayment in part or full at your convenience without any charges o And a special gift for a special customer!

RE-PRICING POLICY
y The prevalent Bajaj FRR is 17% effective 1st Dec 2008. Bajaj FRR is the benchmark reference rate of BAFL Loan against Property and is determined based on the prevalent market conditions and the cost of funds of BAFL. As the cost of funds reduces/ increases, Bajaj FRR may reduce/ increase. y Any revision in this rate would impact the interest rate on the floating interest rate loans. Re pricing would be done only for the loans booked under the floating rate scheme. For the loans which have been booked under the fixed rate scheme there will be no changes done for the fixed rate period. y The increase/ decrease in the Interest rate will by default increase/decrease the loan tenor. y In case of increase in interest rate, if you want to retain your existing EMI/ Tenor, you will have an option of making a part pre payment and keeping your EMI/ Tenor at the same level. No additional charges would be levied on the part pre payment.

y The communication on the changes (Increase/ decrease) in the rate of interest would be sent by mail

Personal Loans
Features Our Personal Loans are the cash loan which can be availed for your own personal use without providing security or guarantors. Personal Loans could be taken for renovation of your home, marriage in the family, a holiday with your family, your child's education, medical expenses or any other emergencies. Bajaj Finance Personal loans are offered from Rs. 3 lacs to Rs. 30 lacs which can be repaid in 12 - 60 monthly installments. Bajaj Finance Personal Loans comes with the following unique features: 1. Free Personal Accident Insurance of upto Rs 5 lacs 2. Prompt Repayment Benefits 3. No Foreclosure Charges Benefits Only Bajaj Finance Personal Loans comes with the following exclusive benefits:

1. Free Personal Accident Insurance of up to Rs 5 lacs - In case of untoward incident you would be covered with a personal accident insurance up to Rs 5 lacs. 2. Prompt Repayment Benefit - You get refund of 50% of the processing fee charged if you clear all your monthly installment on time. 3. Nil Foreclosure Charges -If you want to repay your loan, please go ahead, we do not charge any foreclosure charges if the loan is closed after repaying 6 monthly installments as per repayment schedule. Eligibility
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Salaried person o Individuals working in the approved list of companies Self Employed o Businessmen ( Traders, Small Manufactures etc) o Professionals ( Doctors (MBBS , MD , BDS , MDS only) & Chartered Accountants only)

Documents Salaried Individual Application form 1 Photograph Identity Details Residence Details Signature verification from Bank Degree Certificate & Certificate of Practice Repayment Track record Yes Yes Yes Yes Yes

Professionals Yes Yes Yes Yes Yes

Businessmen Yes Yes Yes Yes Yes

No

Yes

No

No*

No* IT Returns & Balance Sheet & P/L Account statement for the last 2 years

Yes IT Returns & Balance Sheet & P/L Account statement for the last 2 years

Income Details Latest payslip & Form 16 (Form 16 required only when applying under holiday finance)

Bank Account Statements

For the last 3 months

For the last 6 months

For the last 6 months

leProcessing Fees2% of the loan amount Prepayment Charges

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6% of the principal outstanding amount if the loan is closed within 6 months 5% of the principal outstanding amount if the loan is closed after 6 months

EMI bounce charges Rs 500 for every bounce Penal Interest 2.15% p.m

Two Wheeler Loans

Bajaj Auto Finance Ltd offers attractive loans for purchase of new Bajaj vehicles. Bajaj Finance executives are available at most of the Bajaj Auto dealerships to offer finance schemes to suit the requirements of individuals. Bajaj Finance is the only finance company to offer a unique Extended Warranty on the two wheelers financed by it. Bajaj Finance also finances Bajaj three wheelers.

Insurance Services
Bajaj Auto Finance Limited (BAFL) has tied up with Bajaj Allianz Life (part of Bajaj Group), to offer a rich bouquet of world class life insurance products to suit the financial needs of all segments of buyers through different stages of their lives. With its successful track record and its highly acclaimed standing, Bajaj Allianz Life Insurance Company (BALIC) prides on serving over 8 million Indian customers. BAFL shares BALIC's philosophy of providing insurance solutions relevant to the customer's needs.

CONTACT US: BAJAJ AUTO FINANCE LIMITED

4th Floor, Survey No.208/1-B, Viman Nagar, Pune Maharashtra 411014 - India http://www.bajajfinance.com