Paisalo Digital Limited announced the allotment of 5,000 secured non-convertible debentures (NCDs) following an Operations and Finance Committee resolution dated September 10, 2025. Each NCD has a face value of ₹1 lakh, making the total allotment ₹50 crore. The instruments are rated, listed, senior, secured, redeemable, taxable and transferable, with a tenure of 36 months and a coupon of 10.00% per annum payable monthly. The NCDs are secured by a first-ranking pari-passu charge on loan receivables, with security coverage of 1.10 times the outstanding principal amount. Redemption is structured in four equal quarterly instalments beginning in the 9th quarter, with final redemption at par on maturity. The company stipulated a penalty on delayed payments: coupon rate plus 2.00% per annum for delays exceeding three months or on default. Paisalo Digital is an RBI-registered middle-layer NBFC that provides consumer lending and is increasing focus on financing for the e-mobility sector. The company plans to expand its portfolio of lending for electric vehicles and to collaborate with stakeholders across the EV ecosystem to create a seamless financing process for buyers. Management framed the move as aligned with environmental goals and noted the company’s prior robust performance. The recent capital infusion is intended to help Paisalo promptly meet financing requirements for EV customers and lower consumer barriers to switching to cleaner transportation. The firm emphasized that expansion in e-mobility lending will support its broader strategy of promoting environmentally conscious consumer choices and reducing carbon footprint.

Total raised

$30M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Sep 2025