Price the risk, not the person
Two customers with the same repayment capacity get the same rate, whether they walk in wearing a suit or come from a village weekly market.
About Nawkar
A Non-Banking Financial Company built for the borrower that conventional credit scoring quietly leaves behind.
Who we are
Credit is a utility. It should reach everyone.
Nawkar Finance Limited was incorporated in 2016 and holds a Certificate of Registration from the Reserve Bank of India as a non-deposit-taking Non-Banking Financial Company.
We started from a simple observation. A shopkeeper in Nashik turning over ₹40 lakh a year, settling every supplier on time for a decade, was being refused a ₹3 lakh working capital loan — because she did not maintain audited books in the format a credit model expected. The risk was never the problem. The evidence format was.
So we built our underwriting around the evidence such customers actually have: bank credits, UPI settlements, GST filings, purchase invoices, and the gold and property sitting idle in their homes. Ten years later that approach has put ₹412 crore into the hands of 1.2 lakh households and small businesses.
We are not a marketplace and we are not an app that hands you to somebody else. We underwrite, we lend our own book, and we service the loan to its last instalment. If something goes wrong, there is exactly one company to hold responsible, and it is us.
0
Disbursed to date
0
Customers served
0
Branches across India
0
Average sanction time
What we hold ourselves to
Four rules we do not bend
These are not slogans. Each one maps to a clause in our board-approved Fair Practices Code and to something a branch manager can be held accountable for.
Say the number out loud
Every charge is disclosed before signature, in the customer's own language, on a single page they keep.
Collect with dignity
Recovery calls happen between 8 AM and 7 PM, never to a customer's employer or relatives, and never with a raised voice. This is a written rule, and it is enforced.
Lend so people can repay
A loan that stretches a household past breaking point is a bad loan, however good the security. We say no when the answer should be no.
Our journey
Ten years, one direction
Steady growth, funded by our own book and by bank lines — never by public deposits, which as an NBFC we are not permitted to accept.
2016
Incorporated in Mumbai and granted a Certificate of Registration by the Reserve Bank of India as a non-deposit-taking NBFC.
2018
First 10 branches opened across Maharashtra and Gujarat; gold loan product launched at the counter.
2020
Moratorium relief extended to 14,000 customers through the pandemic without a single coercive recovery action.
2022
Cash-flow underwriting model rolled out for MSME borrowers, opening credit to shopkeepers without audited financials.
2024
Crossed ₹250 crore in cumulative disbursals and expanded to 11 states.
2026
64 branches, 1.2 lakh customers served, and ₹412 crore disbursed to date.
Governance
How we are regulated
Nawkar operates under the Reserve Bank of India's Master Direction for Non-Banking Financial Companies. In practice that means a set of obligations you can hold us to:
- A board-approved Fair Practices Code, published in full on this site
- A board-approved Interest Rate Model that governs how your rate is set
- A Key Fact Statement issued before every sanction, disclosing the APR
- A named Grievance Redressal Officer with a 30-day resolution commitment
- Escalation to the RBI Ombudsman if we fail to resolve your complaint
- Annual statutory audit, and capital adequacy maintained above the regulatory minimum
Registered particulars
The formal details
| Legal name | Nawkar Finance Limited |
| Entity type | Non-Banking Financial Company (non-deposit taking) |
| CIN | U65999MH2016PLC000000 |
| RBI Certificate of Registration | N-13.00000 |
| GSTIN | 27AAACN0000A1ZZ |
| Date of incorporation | 2016 |
| Registered office | 4th Floor, Meridien Trade Centre, Bandra Kurla Complex, Mumbai, Maharashtra 400051, India |
The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by the company, and does not provide any assurance for repayment of the loans availed from the company.
Work with a lender that says what it means.
Read the Fair Practices Code before you borrow a rupee from us. If anything in it is not honoured, we want to hear about it.