Securis Finance Secures RBI Nod for NBFC, Set to Disburse ₹100 Cr in Education Loans for Teens

• The company aims to simplify access to education loans through an AI-driven, student-first model, ensuring that financial constraints do not hinder academic aspirations.

• Initially, the company will target education hubs like Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune on a pilot basis.

• Securis Finance aims to make an immediate impact by supporting over 10,000 students in its first year, with loan amounts ranging from ₹50,000 to ₹5 lakh.

India, 3rd April 2025: Securis Finance Pvt. Ltd., a wholly owned subsidiary of FirstPay Technologies, has secured the Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI). This approval marks a significant step for Securis Finance in the education loan sector, with plans to disburse ₹100 crore in its first year and scale to ₹1,000 crore by 2030. Committed to bridging financial gaps in education, the company aims to make learning more accessible for teenagers across India.

Accessing loans remains challenging for millions of students due to cumbersome paperwork, high interest rates, and stringent eligibility norms. Many aspiring learners, especially teenagers, are excluded from traditional lending channels, limiting their educational prospects. Recognising this gap, Securis Finance has stepped in with an inclusive approach to education financing. The company aims to simplify access to education loans through an AI-driven student-first model, ensuring that financial constraints do not hinder academic aspirations.

Building on this vision, Securis Finance aims to make an immediate impact by supporting over 10,000 students in its first year. With loan amounts ranging from ₹50,000 to ₹5 lakh, the company seeks to address diverse educational needs, including school fees, college tuition, and specialized courses such as coding boot camps and entrance exam coaching. In the initial phase, the company will be targeting key educational hubs like Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune on a pilot basis.

Over the next five years, Securis Finance plans to scale its reach significantly, targeting a loan portfolio of ₹1,000 crore by 2030 and enabling more than 100,000 students annually to pursue their academic goals without financial constraints. The company is also exploring partnerships with over 50 educational institutions and fintech platforms to expand its reach and impact. Additionally, it plans to introduce micro-loans for skill development courses, ensuring financial accessibility for students beyond traditional academic programs.

Commenting upon obtaining the NBFC license, Ankit Gera, Co-founder of Securis Finance, said, “We believe every student deserves the opportunity to pursue their educational dreams without financial barriers.” He added, “With our NBFC license, we’re one step closer to realizing this. We aim to provide accessible, affordable, and hassle-free education loans to teenagers across India.”

Highlighting the company’s technology-first strategy, Shankar Nath, Co-founder of Securis Finance, said, “Our proprietary technology platform will enable students to apply for loans online, track their application status in real-time, and receive personalised loan offers tailored to their unique profiles. Focusing on students’ academic potential alongside traditional metrics, we aim to open doors to higher-quality educational institutions for a broader range of applicants.”

India’s education loan sector is rapidly growing, with a projected CAGR of 15% over the next five years.  With its newly acquired NBFC license, Securis Finance is well-positioned to play a pivotal role in India’s education ecosystem. Offering accessible financing options, the company aims to empower the next generation of students, enabling them to achieve their academic and professional aspirations while contributing to the country’s broader economic growth.