Securis Finance: Empowering Teenagers with Education Loans
Securis Finance, initiated by the creators of the Junio payments application, has secured the green light from the Reserve Bank of India (RBI) to function as a Non-Banking Financial Company (NBFC). This move will enable Securis to provide straightforward and student-friendly education loans tailored for teens across India.
Founded by Shankar N., Securis Finance aims to assist teenagers in financing their school and college education through accessible loan options. It is supported by Junio, a digital payments platform relied upon by countless teenagers for managing their finances and making informed spending choices.
Initially, Securis will roll out its lending services in major cities including Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune—locations renowned for their premier educational institutions and coaching centres.
The company’s goal is to allocate Rs 100 crore in loans throughout the first year, with a target of aiding over 10,000 students. Loan amounts will vary from Rs 50,000 to Rs 5 lakh, and the entire procedure will be conducted digitally.
Additionally, the firm is negotiating with leading schools and colleges to enhance the loan application process, ensuring it is more streamlined and accessible for students.
