Securis Finance Gets NBFC Licence for Education Loans
Why in the news
RBI approved Securis Finance, part of fintech firm FirstPay Technologies, to run as an NBFC serving education credit.
Key facts
- Loans cover school fees, tuition, test prep and upskilling; ticket size ₹50,000 to ₹5 lakh.
- Pilot in Bengaluru, Mumbai, Delhi-NCR, Hyderabad and Pune.
- Offers are judged on academic merit and financial need through a digital-first platform.
| Target | Goal |
|---|---|
| FY25 disbursal | ₹100 crore |
| Vision 2030 loan book | ₹1,000 crore (100,000+ students a year) |
Exam angle
- Parent: FirstPay Technologies; licensing body: RBI.