Bajaj Finance enters life care financing segment

Non-banking Finance Company, Bajaj Finance, has entered into financing of the life care segment which includes expenses for stem cells storage units, cosmetics-based hair treatment, dental and eye care.

The NBFC is expecting to garner a share of up to 5% in the next five years of this Rs 20,000 crore market.

The maximum amount that a consumer can avail is Rs 5 lakh under this service. However, the firm expects the average loan ticket size to be in the range of Rs 50,000-75,000.