Securis Finance Pvt. Ltd., a wholly owned subsidiary of FirstPay Technologies, has secured approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). With this approval, the Bengaluru-headquartered company steps into the financial services landscape with a clear mission: make education loans more accessible, inclusive, and tailored to students’ needs.
The company plans to disburse ₹100 crore in education loans during its first year of operation. By 2030, Securis Finance aims to scale its disbursements to ₹1,000 crore, extending its reach to over 100,000 students annually.
Focusing on Accessible, Affordable Education Loans
Securis Finance has positioned its core offering around one critical challenge—making education affordable for students across India. In the initial rollout, the firm will offer loan amounts ranging from ₹50,000 to ₹5 lakh, focusing on helping students fund school and college education without experiencing financial pressure.
During its first year, the company aims to serve over 10,000 students, primarily from five key urban education hubs: Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune. These cities host some of the country’s most prominent schools, universities, and professional institutes, making them ideal launchpads for the company’s ambitious mission.
Instead of offering generic loan products, Securis Finance plans to tailor financial support to the unique requirements of students—be it for tuition fees, exam preparation, hostel costs, or supplementary learning materials.
Strategic Partnerships to Drive Growth
To amplify its outreach and build a trusted ecosystem, Securis Finance plans to partner with over 50 institutions and fintech platforms in the next phase of growth. These collaborations will allow the firm to seamlessly integrate its loan services with the admission and fee processes of educational institutions, ensuring that students receive funds quickly and efficiently.
The company’s leadership believes that these partnerships will help increase awareness around education financing options, especially among lower and middle-income families who often view higher education as an expensive hurdle.
As the ecosystem expands, Securis Finance plans to establish dedicated partnerships with edtech companies, coaching centres, colleges, and student community platforms, creating a robust education finance network that addresses both the academic and financial needs of learners.
A Technology-Driven Student-First Approach
Securis Finance doesn’t just want to be a traditional NBFC. The company plans to lead with technology and craft a loan experience that feels intuitive and student-friendly. Its proprietary platform allows students to apply online, receive customized loan options, and track application status in real-time.
Co-founder Shankar Nath explained the thought process behind the digital-first strategy:
“Our proprietary technology platform will enable students to apply for loans online, track their application status in real-time, and receive personalized 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.”
This shift from rigid, score-based approvals to holistic evaluation models allows Securis Finance to support students who show promise but might lack strong financial documentation. By incorporating academic records, recommendation inputs, and entrance scores, the firm builds credit profiles that go beyond conventional methods.
Breaking Financial Barriers for Aspiring Students
Co-founder Ankit Gera emphasized the broader vision:
“Our main goal is to remove financial barriers that limit many young learners. With our platform, students no longer have to postpone or abandon their educational goals due to a lack of funds. They can explore the right academic path knowing that an affordable, fair, and transparent financing option exists.”
Gera’s remarks reflect a growing shift in India’s education financing space, where new-age NBFCs and fintech players are challenging legacy systems that often make it difficult for students without co-signers, high collateral, or steady family incomes to qualify for loans.
By eliminating paperwork-heavy processes and rigid eligibility conditions, Securis Finance stands to create more equitable access to quality education.
Differentiation Through Personalization
What sets Securis Finance apart is its strong emphasis on personalization. Each applicant receives loan offers tailored to their educational goals, repayment capacity, and academic potential. The platform assesses multiple variables such as:
- Type of course (school, college, professional certification)
- Academic performance
- Financial background
- Family income trends
- Preferred repayment tenure
Using these factors, the platform provides customized interest rates, flexible repayment windows, and step-up repayment options that suit students’ post-graduation earning expectations. This approach makes it easier for students to manage loan repayments as their income grows over time.
Building Trust Through Transparency and Speed
Securis Finance understands the emotional and financial pressure associated with higher education. As a result, the company has designed its loan process to be completely transparent, with no hidden charges or prepayment penalties.
Applicants can access a user-friendly dashboard that provides:
- Real-time updates
- Interest breakdowns
- Upcoming EMI notifications
- Chat support for queries
This focus on clarity and convenience encourages trust and builds long-term relationships with students and their families.
Looking Ahead: 2030 Vision
The leadership team at Securis Finance has laid out a bold plan: disburse ₹1,000 crore in education loans annually by 2030 and support over 100,000 students per year. Achieving this scale will require deep market penetration, reliable partnerships, and constant innovation.
The company also plans to expand its presence in Tier 2 and Tier 3 cities in the coming years, targeting aspiring students from semi-urban and rural areas who often struggle with financial access despite having academic potential.
In addition, Securis Finance will explore international student financing, targeting Indian students enrolling in global universities. This new vertical could unlock opportunities in countries like the US, UK, Australia, and Canada, where Indian students form a significant proportion of international admissions.
Conclusion
Securis Finance’s entry into the NBFC space comes at a critical juncture when students across India face rising tuition costs and limited financing options. Backed by RBI approval and a strong technological foundation, the company has laid out a focused and ambitious roadmap.
By combining accessibility, personalization, speed, and transparency, Securis Finance sets a new benchmark in the education loan industry. If it meets its targets and maintains its student-first approach, the firm could become a transformative force in India’s educational ecosystem—unlocking opportunities for thousands of young minds who dream big but face financial barriers.