Neev
Neev Credit Ltd. is an RBI-registered Indian NBFC that provides collateral-free education fee loans to parents of K-12, college, coaching, and vocational students, disbursing funds directly to institutions and collecting monthly EMIs across Bengaluru, Kolkata, and Mumbai.
- Company typePrivate
- Founded1996
- HeadquartersKolkata, India
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Neev does
Neev Credit Ltd. (doing business as Neev Finance) is a Kolkata-headquartered, RBI-registered Non-Banking Financial Company that finances education fees for parents of students attending pre-schools, K-12 schools, colleges, coaching centers, test-preparation classes, and vocational or skill-development institutions. The company was incorporated in 1996 in West Bengal and pivoted toward its current education-lending focus around 2016. It serves middle-class Indian parents who face lump-sum fee payment obligations (annual, half-yearly, or quarterly) and prefer monthly installments, as well as educational institutions that benefit from reduced payment friction with their students' families.
Neev's core product is a collateral-free education loan that covers up to 100% of fees — including tuition, transportation, books, and uniforms — with the company disbursing funds directly to the institution on the parent's behalf and collecting monthly EMIs from the borrower. The platform comprises the Neev Finance Android application, a web-based loan management portal, a partner enrollment portal for institutions, and a NACH mandate management service. Loan approval and disbursal is positioned to occur within 48 hours, with multiple repayment channels including Google Pay, Paytm, and PayU, and automated collection via NACH mandates. The company is integrated with the RBI SACHET portal for regulatory compliance and grievance redressal.
Neev earns revenue primarily through interest income on its education loan portfolio (a recurring stream) and through loan origination processing fees (a transactional stream). It distributes loans through three channels: direct digital self-service via the website and mobile app, an institutional referral network of empanelled schools and colleges (including DPS, Mount Litera Zee School, Orchids International, EuroSchool, Presidency Group, and ITM Group), and corporate partnerships such as the one with Ola serving driver-partner families. The company operates from offices in Bengaluru, Kolkata, and Mumbai, and is led by co-founders Nikhil Saraf (CEO), Amit Jaiswal (Partner at Grant Thornton India), and Samir Agarwal (co-promoter of Indcap Advisors), with no external private equity or venture capital backing disclosed.
Neev firmographics
Firmographics- Name
- Neev
- Legal name
- Neev Credit Ltd.
- Website
- https://neevfinance.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Neev Credit Ltd. is an RBI-registered Indian NBFC that provides collateral-free education fee loans to parents of K-12, college, coaching, and vocational students, disbursing funds directly to institutions and collecting monthly EMIs across Bengaluru, Kolkata, and Mumbai.
- Ownership category
- akta.pro rank
Where Neev is headquartered
LocationHeadquarters
- HQ city
- Kolkata
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Neev business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Education Loan Interest: Neev provides education loans to parents and earns interest income on the loan portfolio. Parents pay fees upfront by Neev and repay in monthly installments with interest.
- Loan Origination Fees: Processing fees charged during loan origination from parent borrowers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Collateral-free education loans with flexible repayment |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Neev product offering
Product offeringCore offering
Neev Credit Ltd. (Neev Finance) is an RBI-registered NBFC that finances education fees for pre-schools, schools, colleges, tuition centers, coaching institutes, and vocational or skill-development courses. It pays up to 100% of fees (including tuition, transportation, books, and uniforms) directly to educational institutions on behalf of parents, who then repay Neev through convenient monthly EMIs on collateral-free loans.
Product overview
Neev is an RBI-registered NBFC offering a unified education financing platform centered on collateral-free education loans that enable parents to pay school and college fees in monthly installments. The core offering consists of the Neev Finance App (Android mobile application) and web-based loan management portal, complemented by partner enrollment, NACH mandate management, and quick inquiry sub-products. The company pays fees directly to educational institutions on behalf of parents, who repay through convenient monthly EMIs. The platform supports multiple payment methods including PayU, Paytm, and Google Pay, and utilizes NACH mandates for automated recurring repayments.
Differentiator
Problem solved
Functional benefit
Products and services
- Neev Finance App
Quantifiable outcome
- Loan approval and disbursement within 48 hours
- +1 more outcomes
Companies that use Neev
Customer profileNamed customers12 records
Segments2 records
Ideal customer profiles3 records
Neev technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature3 records
Neev partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- OlacoreStrategic partnership where Neev provides education loans to children of Ola driver partners, enabling them to attend quality private schools. This corporate partnership was covered in major media outlets and demonstrates Neev's B2B2C distribution model through employer channels.
- DPS (Delhi Public School)coreNeev has partnered with DPS schools to provide education financing options to parents of students. DPS is one of India's largest school chains.
- Mount Litera Zee SchoolcoreNeev is an empanelled financing partner for Mount Litera Zee School network, enabling parents to pay fees in monthly installments.
- Orchids International SchoolcorePartner school providing Neev's education loan services to parents of students at Orchids International School.
- Raisoni GroupcoreEducational institution partnership for providing education financing services to students' parents.
- ITM Group of InstitutionscoreHigher education institution partnership for education loan services.
- Presidency GroupcoreEducation institution partnership for providing education financing to parents of students.
- EuroSchoolcoreNeev is an empanelled partner for EuroSchool network, enabling fee financing for parents.
- Gowtham Model SchoolminorPartner school for education loan services.
- Jain GroupcoreEducation institution partnership for providing education financing services.
- Miles EducationminorPartner institution for providing education loan services for competitive exam preparation courses.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Neev competitors and assessment
Company assessmentDirect peers
- Auxilo Finserve: India-registered NBFC focused on education financing for K-12 and higher education. Operates a similar B2B2C model through institutional partnerships, with comparable ticket sizes, unsecured loans to parents, and EMI-based fee financing products.
- Avanse Financial Services: Education finance NBFC in India offering education loans and fee financing for schools, colleges, and vocational programs. Competes head-to-head for institutional partnerships and parent borrowers, with a larger AUM and established wholesale funding lines.
- Propelld: Bengaluru-headquartered education-loan fintech focused on higher-education and vocational financing. Competes on digital loan-origination velocity and unsecured underwriting within the same parent-borrower segment Neev addresses.
- HDFC Credila Financial Services: One of India's largest education-focused NBFCs, originally backed by HDFC. Offers unsecured student loans for domestic and overseas education with bank-like underwriting and NBFC flexibility — directly comparable product/market to Neev but at much greater scale.
- Eduvanz Financing: India-based NBFC/fintech that finances vocational, skill-development, and K-12 fee payments via EMI. Operates an analogous unsecured education-fee installment model targeting working professionals and parents in Tier 1/2 cities.
Emerging players
- InCred Finance: Tech-led Indian NBFC with consumer and education-loan verticals. Overlaps with Neev on digital origination velocity and unsecured retail credit underwriting for salaried and self-employed middle-class borrowers.
- Leap Finance: India-focused education-loan fintech targeting study-abroad and graduate-school financing. Overlaps on the parent/student unsecured education-loan use case but specialized in the overseas-tuition segment that Neev does not serve today.
- Buddy4Study / Education Loan Providers via SBI and public-sector banks: Education-financing aggregator and scholarship platform that funnels borrowers to NBFC and bank partners. Overlaps at the demand-capture layer, and the underlying partnered NBFCs (and PSU bank education-loan desks) compete with Neev on final disbursement.
Broad incumbents
- State Bank of India (Education Loan Program): India's largest public-sector bank offering unsecured and secured education loans through nationwide branch network. Sets the price/benchmark floor that Neev's unsecured K-12 fee loans must clear and is the default alternative for Neev's target borrowers.
- IDFC First Bank (Education Loan Desk): Private-sector bank with an active education-finance offering and digital origination. Competes with Neev on speed of disbursal and unsecured education-credit products while enjoying a deposit-funded cost-of-capital advantage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Neev social profiles
Digital presenceNeev compliance and trust
Trust signalCompliance1 record
Neev financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neev leadership team
Management profileNumber of profiles
Profiles6 records
Neev funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neev M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neev
What does Neev do?
Neev Credit Ltd. (Neev Finance) is an RBI-registered NBFC that finances education fees for pre-schools, schools, colleges, tuition centers, coaching institutes, and vocational or skill-development courses. It pays up to 100% of fees (including tuition, transportation, books, and uniforms) directly to educational institutions on behalf of parents, who then repay Neev through convenient monthly EMIs on collateral-free loans.
Is Neev a public or private company?
Neev is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Neev founded?
Neev was founded in 1996. It employs 51 to 100 people.
Where is Neev based?
Neev is headquartered in Kolkata, India, in the Asia region.
How does Neev make money?
Two revenue lines are on record. Education Loan Interest is the primary driver. The others are loan Origination Fees.
Who are Neev's main competitors?
Direct peers on record are Auxilo Finserve, Avanse Financial Services, Propelld, HDFC Credila Financial Services and Eduvanz Financing. Emerging players are InCred Finance, Leap Finance and Buddy4Study / Education Loan Providers via SBI and public-sector banks. Broad incumbents are State Bank of India (Education Loan Program) and IDFC First Bank (Education Loan Desk).
Does Neev have an API?
No public API is recorded for Neev.