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

Banking & Finance | Dated: 05 Apr 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Which fintech company recently received the RBI’s NBFC licence to provide education loans?

Correct Answer: Securis Finance

🚀 Quick Recap:

About RBI

  • Governor : Sanjay Malhotra
  • Headquarter : Mumbai