Bajaj Finance Terms Scorecard

Grade F — Predatory terms (score 45/100)

Bajaj Finance reserves the right to unilaterally modify terms without notice, forces arbitration in Pune, and limits its liability to a nominal amount.

Forced arbitration, broad liability waivers, and unilateral term changes.

Terms at a glance

Sells your data
YES
Forced arbitration
YES
Trains AI on your content
NO
Collects biometric data
YES
Shares data with government
YES
Easy to cancel
NO
Tells you before changes
NO
Deletes data on request
UNCLEAR

What the terms actually say

Section 31 — Governing Law and Jurisdiction

You agree that all claims, differences and disputes which we may have shall be subject to the exclusive jurisdiction of the competent courts located in Pune, Maharashtra.

All legal disputes must be handled in Pune, India, which may be inconvenient or impossible for users located elsewhere.

Section 29(b) — Modifications

BFL reserves the right, at its sole discretion, to change or otherwise modify these Terms at any time by posting an updated version on the Bajaj Finance Platform.

The company can change the rules at any time without sending you a direct notification; you are expected to check the website periodically.

Section 21(c) — Limitation of Liability

Further BFL’s aggregate liability if any manner whatsoever shall not exceed Rs. 1 000/-, unless specifically provided for under any Applicable Law.

The company caps its total liability for any damages at approximately $12 USD, effectively eliminating meaningful recourse.

Section 16.1(b)(iii) — Biometric Data

Such additional information may include: (i) Your location information... (ii) mobile device identification number and SIM identification number and (iii) Your email details/ access to verify your credentials including your conduct on online platforms.

The company collects sensitive device and behavioral data, including biometric-related verification, to monitor your activity.

Section 16.2(1) — Data Sharing

You hereby agree and acknowledge that BFL may... share or process your information... with its group companies, subsidiaries, Affiliates, service provider, agencies and/ or any third party.

Your personal data is shared broadly with affiliates and third parties for marketing and service optimization.

Last reviewed 2026-08-20 under rubric v3.5.

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