Launch · Financial Services

Nivasa finance subsidiary gets RBI approval for mortgage lending

What they do

Nivasa Finance connects borrowers with banks and NBFCs for home loans

Subsidiary Nivasa Capital received RBI approval to operate as an NBFC-ND

The license allows the company to extend secured mortgage credit directly

The platform features digital onboarding and lender matchmaking services.
It offers doorstep service and customer journeys in Kannada.
Customised home loans are available up to ₹35 Lakh.
Interest rates range from 11% to 18% through partners.
Registered corporate partners include Slice Small Finance Bank and Muthoot Housing Finance.
Other partners are Jana Small Finance and Veritas Finance.
The company has expanded to 11 additional districts in Karnataka.

Nivasa Capital targets borrowers with agricultural income or cash-paid daily wages.
It aims to serve those with minor title gaps in remote areas.
The goal is to build an AI-enabled underwriting tech stack.
Plans include establishing co-lending partnerships and adding major lenders.

Product: Loan distribution and fulfillment platform connecting borrowers with banks and NBFCs for housing finance
Customers: Underserved borrowers including self-employed, gig workers, and small business owners in non-metro areas
How it makes money: Fintech-enabled loan distribution with hybrid model combining technology workflows and field operations
What sets it apart: Full lifecycle support from assessment to disbursal with customized loans up to 35 lakhs and local language support