Securis Finance gets RBI approval to operate as a NBFC, set to disburse Rs 100 Crore in education loans

Securis Finance Pvt. Ltd., a wholly owned subsidiary of FirstPay Technologies, has received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC).

The firm plans to disburse Rs 100 crore in education loans during its first year, with a goal of reaching Rs 1,000 crore by 2030.

Focus on accessible education loans 

With loan amounts ranging from Rs 50,000 to Rs 5 lakh, Securis Finance hopes to serve over 10,000 students in its initial year. The firm is targeting students at schools and colleges in Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune, cities known for their strong educational infrastructure.

As part of its expansion, it plans to partner with more than 50 institutions and fintech platforms, working toward its long-term vision of supporting 100,000 students a year by 2030.

Technology-driven student-first approach

“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,” said Shankar Nath, cofounder of Securis Finance.

Co-founder Ankit Gera said Securis Finance's main goal is to remove financial barriers that limit many young learners. Students can apply for loans online, track their application in real-time and receive personalized options that consider their academic potential alongside traditional financial metrics.