Rating
The rating of an issuer company reflects its past growth and performance. The rating increases when the company consistently performs well and decreases when it is not performing well.
The rating agency for this Bond is CARE Ratings.
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Finnable Credit Jan '29
₹9,927.39YTM
11.75%Tenure left
29 monthsInterest payout
MonthlyPrincipal payout
StructuredBond details
Minimum investment₹9,927.39
Date of maturity31 Jan 2029
ISININE14H407157
Bond typeSenior Secured
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About
Finnable Credit Private Limited (FCPL) is a Reserve Bank of India (RBI) registered Base Layer Non-Banking Financial Company (NBFC) incorporated on August 12, 2015. The company operates along with its wholly owned subsidiary, Finnable Technologies Private Limited (FTPL)—incorporated on June 17, 2020, as the lending service provider—collectively evaluated as the Finnable Group. Founded by ex-bankers Nitin Gupta, Viraj Tyagi, and Amit Arora, the entity provides unsecured personal loans exclusively to salaried individuals through a fully digital, paperless platform. As of March 31, 2026, the group managed a consolidated Assets Under Management (AUM) of Rs 3,556 crore, with an own-book loan portfolio of Rs 1,026 crore.;
Pros and Cons
Pros
Cons
The company has demonstrated a consistent scale-up in operations, with AUM expanding by 29% to Rs 3,556 crore as of March 31, 2026, supported by a fully digital, technology-led underwriting framework.
Capitalisation levels remain adequate, supported by a tangible net worth of Rs 515 crore, a Capital Adequacy Ratio (CAR) of 37.86%, an adjusted gearing of 1.89x, and cumulative equity infusions of Rs 525 crore since inception.
The group is guided by experienced co-founders and a senior management team with over two decades of individual domain expertise across retail banking, risk management, analytics, and digital technology solutions.
The funding profile has improved and diversified, with bank borrowings increasing to 26.5% of total borrowings in FY26 and the weighted average cost of incremental sanctions reducing to 11.76%.
Other details
Clean price₹9,969.58
Dirty price₹9,927.39
Current yield11.03%
Security cover1.10X of POS
Issue sizeNA
Original bond tenure30 months
TrusteeMitcon Trusteeship Services Limited
Mode of issueNCD
Listed onNSE
Listing date31 Jul 2026
Coupon rate11.00%
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