Securis Finance Receives RBI’s NBFC Licence to Provide Education Loans.

Banking & Finance

In April 2025, the Reserve Bank of India (RBI) granted a Non-Banking Financial Company (NBFC) licence to Securis Finance Private Limited, a Bengaluru (Karnataka)-based subsidiary of FirstPay Technologies. This regulatory approval enables Securis Finance to cater to the credit needs of teenagers, by offering education loans ranging from ₹50,000 to ₹5 lakh.


      - Securis Finance will pilot operations in key educational hubs across India, specifically targeting students in need of financial support for higher education.

      - The company aims to disburse ₹100 crore in loans during its first year of operations, with a target of expanding its loan book to ₹1,000 crore by 2030.

      - An AI-powered credit assessment model will be used to evaluate applicants based on academic performance and financial indicators, ensuring responsible and inclusive lending.

Main Point :-   (i) The initiative is designed to bridge the credit access gap for teenagers, especially from underserved and financially weaker sections, supporting their educational aspirations and career development.

      (ii) To obtain the NBFC licence, Securis Finance fulfilled key regulatory requirements, including registration under the Companies Act, 2013, maintaining a minimum Net Owned Fund (NOF) of ₹2 crore, and demonstrating financial stability through a robust business plan and a clean CIBIL (Credit Information Bureau India Limited) history.


About RBI

Governor : Sanjay Malhotra
Headquarter : Mumbai
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