Bajaj Housing Finance Ltd reported a 25% year-on-year expansion in its Assets Under Management (AUM) for the quarter ended September 30, 2026. The NBFC’s book size reached ₹1,58,190 crore, driven by robust gross disbursements of ₹19,930 crore.

The company disclosed these provisional figures in a filing to stock exchanges on October 3, 2026. The growth trajectory highlights sustained demand in the housing finance sector, with the loan book expanding significantly compared to the same period last fiscal year.

Disbursement and AUM Performance

Gross disbursements for Q2FY27 stood at approximately ₹19,930 crore, marking a substantial increase from ₹15,914 crore recorded in Q2FY26. This surge in lending activity directly contributed to the expansion of the asset base.

As of September 30, 2026, the total AUM grew by 25% to ₹1,58,190 crore, up from ₹1,26,749 crore as of September 30, 2025. During the quarter itself, the AUM increased by approximately ₹8,566 crore, indicating strong intra-quarter momentum.

Loan Book Expansion

The company’s Loan Assets (Adjusted Revenue) also witnessed significant growth. Loan assets stood at approximately ₹1,39,850 crore as of September 30, 2026, compared to ₹1,13,059 crore in the corresponding period of the previous year. This reflects a steady accumulation of interest-earning assets alongside the broader AUM increase.

What the Numbers Show

The parallel growth in gross disbursements and AUM suggests that Bajaj Housing Finance is effectively converting new originations into long-term assets without significant attrition or repayment pressure outpacing new business. The 25% YoY jump in both disbursements and AUM indicates a balanced growth strategy where the inflow of new loans matches the overall expansion of the balance sheet, maintaining a consistent ratio between quarterly additions and the total book size.

Bajaj Housing Finance Limited allotted 81,500 secured redeemable non-convertible debentures (NCDs) aggregating ₹807.82 crore on a private placement basis. The allotment was executed at a face value of ₹1,00,000 per debenture, with the instruments carrying an annual coupon rate of 7.79%.

The transaction was approved by the company’s Debenture Allotment Committee during its meeting held on September 25, 2026. The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the issuance details to stock exchanges.

Instrument Details and Tenure

The debentures have a residual tenure of 1,790 days, maturing on August 20, 2031. Interest payments are scheduled annually, commencing on August 20, 2027, with principal repayment due at maturity alongside the final interest installment.

Security and Repayment Structure

The NCDs are secured by a first pari-passu charge on book debts and loan receivables. The security cover is maintained equivalent to 1.00 times the aggregate outstanding value of the debentures issued under the General Information Document dated June 30, 2026. The company confirmed no delays in payment of interest or principal amounts for this instrument series.

What the Numbers Show

The issuance represents a re-issue of existing debt instruments, indicated by the ISIN code associated with prior tranches. With a fixed coupon of 7.79% and a five-year residual life, the structure provides predictable cash outflows for the NBFC. The private placement route allows for efficient capital raising without the immediate public market pricing volatility, while the listing on the BSE Wholesale Debt Market segment ensures liquidity for institutional investors.