Nivasa Capital, a subsidiary of housing finance startup Nivasa Finance, has received Reserve Bank of India approval to operate as a non-banking financial company (NBFC). The licence, granted under RBI’s Type II NBFC-ND classification, allows Nivasa Capital to extend secured mortgage credit. The startup plans to target borrower segments typically excluded from conventional underwriting, according to inc42.com.
Founded in 2025 by Samit Shetty and Hitesh Saraf, Nivasa Finance operates a tech-enabled home loan distribution platform that connects borrowers with banks and NBFCs for affordable housing finance. The platform offers digital onboarding, lender matchmaking, and doorstep service in Kannada. It facilitates customised home loans up to ₹35 lakh through partner banks, with interest rates between 11-18%. The startup has facilitated loans worth over ₹20 crore and expanded to 11 districts in Karnataka, inc42.com reported.
The NBFC licence enables Nivasa Capital to build a secured lending portfolio targeting underserved borrowers such as those with agricultural income, daily wage workers paid in cash, borrowers with minor title gaps in remote areas, and multi-generational households. Its registered corporate partners include Slice Small Finance Bank, Muthoot Housing Finance Company, Jana Small Finance, and Veritas Finance. This move positions Nivasa Capital to deepen credit access in affordable housing finance, according to inc42.com.
Nivasa Finance’s platform currently facilitates loans up to ₹35 lakh with interest rates ranging from 11% to 18%, and the company has disbursed more than ₹20 crore in loans to date, expanding its reach across 11 districts in Karnataka, inc42.com stated.