Bajaj Finance Ltd ., the non-bank lender and part of Bajaj Finserv, on Tuesday, November 4, said it witnessed a strong surge in consumption finance during the festive season, disbursing a record number of consumer loans, up 27% in volume and 29% in value, compared to the same period last year.

The festive loan momentum, the company said in an exchange filing, was driven by the positive impact of GST reforms and changes in personal income tax.

Lower GST rates for televisions and air-conditioners helped reduce average loan ticket sizes by 6%, while enabling customers to upgrade to higher-end products.

This contributed to a broader premiumisation trend, particularly in TVs, where loans for 40-inch and above screens accounted for 71% of total TV financing, up from 67% a year ago.

Between

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