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Kuhoo Finance Receives NBFC License from RBI to Enhance Education Loan Services.

Banking & Finance | Dated: 13 Mar 2025

In March 2025, Mumbai-based Kuhoo Finance Private Limited, a fintech platform focused on student loans and backed by WestBridge Capital India Advisors Private Limited, was granted a Non-Banking Financial Company (NBFC) license by the Reserve Bank of India (RBI).

🎯 Key Highlights:

  • - This approval enables the company to directly disburse loans up to Rs. 2 Crores, enhancing its capacity to support students pursuing higher education.

💡 Other Important Facts:

  • (i) To secure an NBFC license from the Reserve Bank of India (RBI), entities must meet certain eligibility criteria. The company must have a minimum Net Owned Funds (NOF) of Rs. 10 Crores, applicable for non-deposit-taking NBFCs.
  • (ii) Additionally, the company must be registered under the Companies Act, 2013. These guidelines ensure that the entities applying for the license are financially sound and comply with the legal framework established by the RBI.
  • (iii) This new development positions Kuhoo alongside other fintechs like Fi, Groww, Jupiter, and CRED that have entered the lending space through the NBFC route.

📚 Test Your Knowledge:

Which company received an NBFC license from RBI in March 2025?

Correct Answer: Kuhoo Finance

🚀 Quick Recap:

About Kuhoo Finance Private Limited

  • Founder & CEO : Prashant A Bhonsle
  • Headquarter : Mumbai