Paisalo Digital raises Rs 30 crore through NCD issue and launches AI-driven risk platform for credit decisions

Paisalo Digital Ltd. has raised Rs 30 crore through a fresh issue of Non-Convertible Debentures, signalling continued use of debt markets for funding. The Operations and Finance Committee approved and allotted 3,000 rated, listed, senior, secured, redeemable, taxable and transferable NCDs on December 15, 2025, via private placement, each with a face value of Rs 1 lakh.

The NCDs carry a fixed annual coupon of 8.45%, payable once every year during the 24-month tenure. They will be redeemed at par on December 15, 2027. According to the company’s disclosure to stock exchanges, penal interest of 2% annually will apply only if any payment default occurs later.

To secure investor interests, Paisalo Digital has provided a first-ranking exclusive charge over specified loan receivables. The security cover will be maintained at a minimum 1.10 times of the outstanding principal. The company also clarified under SEBI regulations that the NCDs do not carry any special rights, and there have been no delays or defaults on its existing payment obligations.

Key terms of the NCD issue from Paisalo Digital are summarised below for reference by debt investors and analysts.

Parameter	Details
Issuer	Paisalo Digital Limited
Instrument type	Rated, listed, senior, secured, redeemable, taxable, transferable NCDs
Issue size	Rs 30 crore
Number of NCDs	3,000
Face value per NCD	Rs 1 lakh
Tenure	24 months
Coupon rate	8.45% per annum
Coupon payment	Annually
Maturity date	December 15, 2027
Redemption	At par
Security cover	First-ranking exclusive charge on specified loan receivables, at least 1.10x principal
Penal interest	Additional 2% per annum in case of future default

Parallel to its capital raising plan, Paisalo Digital recently introduced an AI-powered risk platform aimed at strengthening credit decisions and fraud controls. The system is designed for semi-urban and rural borrowers, where access to formal credit remains limited, and seeks to improve underwriting accuracy while supporting more dependable lending for under-served customers.

According to the regulatory filing, the new framework will sit across both secured and unsecured products. Micro Loan Against Property, Income Generation Loans and MSME financing portfolios will adopt the platform. By aligning technology across these verticals, the company aims to create a single risk view for each customer and loan account.

The AI system evaluates multiple quantitative and qualitative parameters for each applicant. These include repayment track records, asset ownership details, demographic profile, income stability indicators, bank account flows and linkages with available collateral. The company stated that this allows dynamic customer scoring and tailored lending decisions, while still keeping financial inclusion as a core operational goal.

"This approach provides greater transparency into borrower histories and helps prevent overlapping liabilities that could otherwise compromise repayment capacity or signal concerns about loan intent. This comes alongside the rollout of Paisalo's GenAI-based calling system, an automated platform that enhances the loan recovery process and borrower communication," said the company in a regulatory filing.

Paisalo Digital shareholding, SBI Life stake and market technicals

SBI Life Insurance first acquired a 9% holding in Paisalo Digital in late 2020, but has since reduced exposure. As of the September quarter of 2025, SBI Life Insurance owned 6.83% of the company, representing 6,21,14,267 equity shares, and the stock remains categorised as an NBFC exposure within SBI Life Insurance’s portfolio.

From a technical standpoint, Paisalo Digital’s share price trends also attract attention from traders. The stock is quoted at Rs 37.81, above its 50-day Simple Moving Average of Rs 37.2 and its 200-day Simple Moving Average of Rs 34.3. Trendlyne interpretation suggests this pattern typically reflects a mild upward bias for the counter.

Momentum readings, however, are described as neutral rather than strongly bullish. The Money Flow Index stands at 69.5, while the daily Relative Strength Index is 56.5, placing both indicators in the mid-range. The analysis also flags "Very High Volatility" on a one-year Beta basis, highlighting elevated price swings that market participants need to monitor.

For investors tracking Indian NBFCs, these developments show Paisalo Digital combining fresh secured borrowing with a sharpened risk analytics framework and ongoing institutional shareholding from SBI Life Insurance. Debt terms, AI-led underwriting and mixed but stable technical indicators together provide a clearer picture of the company’s present financial profile.