What Jio Credit does

Jio Credit Limited is an RBI-registered Non-Banking Financial Company (NBFC) and a wholly-owned subsidiary of Jio Financial Services Limited, itself backed by Mukesh Ambani's Reliance Industries. Originally incorporated in 2000 as Tex-Style Synthetics Private Limited, the entity underwent multiple name changes before being rebranded as Jio Credit Limited in 2024 and aligned under the Jio Financial Services holding structure. Headquartered in Mumbai's Bandra Kurla Complex with a corporate office at Dhirubhai Ambani Knowledge City in Navi Mumbai, the company operates exclusively in India.

Jio Credit offers a secured-and-unsecured retail and corporate lending portfolio spanning home loans, home loan balance transfer with top-up, loans against property, loans against shares, loans against mutual funds, corporate loans (working capital, term loans, supply chain finance), solar financing, and corporate leasing. The technology stack is a digital-first lending platform — a 100% online application, eligibility, sanction, and disbursement process delivered via the JioCredit website and the integrated JioFinance mobile app. The app uses AI-powered personalized recommendations and chat-based assistance to cross-sell across loans, insurance, and payments, with integrations to NSDL/CDSL depositories for share pledging in the LAS product. Underwriting operates within an RBI/SEBI/PMLA-compliant framework as an NBFC with SEBI LODR obligations for listed NCDs.

The revenue model rests primarily on loan interest income (home loan rates from 7.99% p.a., LAP from 9%, LAS/LAMF from 10.15%, solar from 10%), supplemented by non-refundable processing fees (1–4% depending on product) and recurring annual maintenance charges on LAS/LAMF accounts. Customer acquisition is driven by digital channels — the JioCredit website, JioFinance app, blog content, and digital calculators — plus the distribution leverage of the broader Jio telecom and financial services ecosystem. FY26 disclosed sales of ₹1,494.57 crore (up 319% YoY), net profit of ₹223.95 crore (up 107% YoY), and AUM of ₹25,711 crore reflect a rapidly scaling book funded by a ₹1,999.88 crore parent capital infusion in February 2026.

Name

Jio Credit

Legal name

Jio Credit Limited

Website

https://jiocredit.in

Company type

Private

Founded year

2000

Operating status

Operating

Short description

Jio Credit Limited is an RBI-registered digital NBFC and wholly-owned subsidiary of Jio Financial Services, offering secured and unsecured loans — home loans, LAP, LAS, LAMF, corporate, solar, and leasing — to Indian consumers and businesses through a 100% online platform.

Ownership category

akta.pro rank

Product category

Digital Consumer and Commercial Lending

NAICS

Credit Intermediation and Related Activities (522), Sales Financing (52222)

SIC

Personal Credit Institutions (6141), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment) (FSAKAAAK)

akta.pro secondary industries

Asset-Based Lending (ABL) (FSANADAD), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Digital lending
• Home loans
• Loan against property
• Corporate financing
• Non-banking financial

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Interest Income: Primary revenue stream from interest charged on various loan products including home loans, loans against property, loans against shares, loans against mutual funds, corporate loans, and solar financing. Interest rates range from 7.99% to 10.15% p.a. depending on product type and customer profile.
2. Processing Fees: One-time non-refundable processing fees charged at loan sanction, ranging from 1% to 4% of loan amount plus GST depending on product type.
3. Annual Maintenance Charges: Annual maintenance charges for loan accounts, particularly for Loans Against Shares and Mutual Funds products, charged as 1% of sanctioned amount or ₹2,500 whichever is lower.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Jio Credit is a digital-first NBFC that originates and services secured and unsecured credit products including home loans, loan against property, loan against shares, loan against mutual funds, corporate loans, solar financing, and corporate leasing for individual and business borrowers across India. Customers can apply, receive in-principle approval, and manage loans entirely online via the company website and the JioFinance mobile application without any physical branch visits.

Product overview

Jio Credit Limited operates as a digital-first NBFC (Non-Banking Financial Company) subsidiary of Jio Financial Services, offering a comprehensive suite of secured lending products. The portfolio centers on property-backed loans (Home Loans, Home Loan Balance Transfer, Loan Against Property), investment-backed credit (Loan Against Mutual Funds, Loan Against Shares), and business financing (Corporate Loans, Corporate Leasing, Solar Financing). All products are delivered through a 100% digital application process via the JioFinance app and website, with AI-powered personalization for product recommendations. The company positions itself as a technology-driven lender focused on financial inclusion and operational excellence.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Loan A secured loan for individual borrowers to finance the purchase of a residential property, applied for entirely online via the Jio Credit website or JioFinance app with in-principle approval in seconds and no branch visits.
• Home Loan Balance Transfer Enables existing home-loan borrowers of other lenders to transfer their outstanding loan balance to Jio Credit, typically for better interest rates or tenure, applied for end-to-end online.
• Loan Against Property A secured credit facility for salaried and self-employed individuals and small businesses, using owned residential or commercial property as collateral, accessed entirely through the digital platform.
• Loan Against Shares A loan product where individual investors pledge their listed equity holdings as collateral to obtain liquidity without selling the shares, processed through the Jio Credit digital channel.
• Loan Against Mutual Funds A digital credit facility that lets investors borrow by pledging their mutual fund units as collateral, avoiding redemption and any associated capital gains tax.
• Corporate Loans Customized credit facilities for established corporates and SMEs for working capital, expansion, and general business purposes, offered directly by Jio Credit Limited.
• Solar Financing A specialized credit offering that finances the installation of solar power systems by businesses and other customers, enabling adoption of renewable energy through structured loan facilities.
• Corporate Leasing A leasing facility provided to corporates for acquiring equipment and other productive assets, structured as a finance lease by Jio Credit Limited.

Quantifiable outcome

• AUM growth to ₹25,711 crore in FY26, representing over 2.5x increase year-on-year
• +3 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature2 records

Partnerships

Two partnerships are on record, tiered operational.

• Axis Trustee Services LimitedoperationalOthersAxis Trustee Services Limited serves as the debenture trustee for Jio Credit's non-convertible debenture (NCD) issuances, providing investor protection and compliance oversight for debt securities.
• KFin Technologies LimitedoperationalOthersKFin Technologies Limited serves as the Registrar and Transfer Agent (RTA) for Jio Credit, handling investor grievance management, share/debenture registry services, and compliance-related administrative functions.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Tata Capital: NBFC arm of the Tata Group offering home loans, LAP, loans against shares and mutual funds, and corporate finance. Comparable as a large, diversified, brand-backed Indian NBFC competing head-to-head with Jio Credit in secured retail lending.
• Aadhar Housing Finance: Indian housing finance company focused on affordable home loans and LAP, recently listed and growing rapidly. Comparable as a high-growth, secured-lending NBFC chasing similar customer segments.
• Muthoot Finance: Leading Indian asset-backed NBFC historically focused on gold loans but now expanding into home loans, LAP, and SME lending. Comparable as a publicly listed NBFC using collateralized lending to drive AUM growth in India.
• IIFL Home Finance: Indian housing finance company providing home loans, LAP, and SME loans with growing digital distribution. Comparable mid-sized challenger competing in the same secured-retail lending category.
• PNB Housing Finance: Indian housing finance company focused on home loans and loan against property for individuals and MSMEs. Directly comparable on Jio Credit's home loan and LAP products with similar customer segments.
• Bajaj Finance: India's largest retail-focused NBFC, offering home loans, loan against property, loan against securities, and corporate/SME lending through digital channels. Closest direct comparable to Jio Credit by product mix, scale, and digital-first strategy.
• Shriram Finance: Large Indian NBFC with diversified retail and SME lending, including property-backed and small-business loans. Comparable in scale, secured-lending orientation, and Indian NBFC regulatory positioning.
• LIC Housing Finance: One of India's largest home loan providers, offering home loans, LAP, and project finance. Comparable as a scaled, brand-backed competitor in the secured mortgage lending category where Jio Credit is actively building share.

Broad incumbents

• HDFC Bank: India's largest private-sector bank and dominant mortgage lender after the HDFC Ltd merger, offering home loans at competitive rates with deep digital channels. Overlaps with Jio Credit across home loans, LAP, and corporate banking but operates a full deposit-funded balance sheet.

Emerging players

• Navi Technologies: Tech-driven Indian financial services group offering personal loans, home loans, and mutual funds through a super-app. Comparable as a digital-first, fintech-style lender pursuing similar mobile-led customer acquisition to Jio Credit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/JioCredit
• Facebookfacebook.com/profile.php

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jio Credit