Context:
Securis Finance, a subsidiary of fintech firm FirstPay Technologies, has received regulatory approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC). The company plans to address the under-served credit needs in India’s education sector through flexible and accessible loan products.
Key Highlights
- NBFC Approval: Granted by RBI, enabling formal entry into India’s financial lending ecosystem
- Core Focus: Student-centric lending with education loans tailored for school fees, tuition, test prep, and upskilling courses
- Loan Range: Between ₹50,000 and ₹5 lakh
- Pilot Launch Locations: Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune
- Loan Disbursement Goal: ₹100 crore in education loans during FY25
- Vision 2030: Expand loan book to ₹1,000 crore, targeting 100,000+ students annually
Tech Integration
Securis will operate a digital-first platform allowing users to:
- Apply and track education loans online
- Receive offers based on academic merit and financial need
- Access low-friction, embedded finance options through education partners
By targeting the financially underserved student segment, Securis aims to disrupt the traditional student loan model and enhance accessibility to quality education across urban and semi-urban regions.
