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The rating agency for this Bond is CRISIL.
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Navi Finserv Mar '28
₹10,002.93YTM
10.60%Tenure left
18 monthsInterest payout
MonthlyPrincipal payout
MaturityBond details
Minimum investment₹10,002.93
Date of maturity31 Mar 2028
ISININE342T07718
Bond typeSenior Secured
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About
Navi Finserv Limited (NFL) is a digital lending non-banking financial company and a 100% subsidiary of Navi Ltd (formerly Navi Technologies Ltd). Mr. Sachin Bansal, Chairman of NFL, holds an approximately 98% stake in the parent company. NFL primarily offers digital personal loans, which constitute about 90% of its Assets Under Management (AUM), with the remaining 10% consisting of home loans. The company leverages a fully digital, machine learning-driven underwriting engine to sanction and monitor its loans.;
Pros and Cons
Pros
Cons
NFL maintains a healthy capitalization profile, evidenced by a standalone net worth of Rs 3,436 crore and a comfortable gearing ratio of 3.1 times as of December 31, 2025.
The company benefits from strong capital support from its parent entity, Navi Ltd, which recently infused an additional Rs 500 crore between December 2025 and February 2026.
It utilizes an adequate and continuously evolving risk management system featuring a full-fledged digital underwriting engine powered by continuously retrained machine learning models.
NFL has established a well-diversified resource profile across multiple lender types and instruments, significantly reducing its historical reliance on parent debt in favor of term loans, non-convertible debentures, and pass-through certificates.
Operating expenditures and credit costs have shown steady improvement, driven by a strategic shift toward onboarding borrowers with stronger credit profiles and increasing the share of secured loans.
Other details
Clean price₹10,025.51
Dirty price₹10,002.93
Current yield10.27%
Security cover1.05X of POS
Issue size1.00Cr
Original bond tenure21 months
TrusteeCatalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)
Mode of issueNCD
Listed onNSE
Listing date15 Jun 2026
Coupon rate10.30%
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