Auxilo Finserve launches IndiaEd to offer interest-free education fee financing

mumbai: auxilo finserve, a non-banking finance company focused on education, has launched 'indiaed', an interest-free school and tuition fee financing solution aimed at easing financial pressure on students and institutions across india.the initiative, launched under an institutional partner model, will cater to schools, colleges, coaching centres and edtech platforms. it offers flexible, interest-free loans ranging from ₹20,000 to ₹10 lakh with repayment tenures from three months to six years. the entire process is digital, with funds disbursed within 24 hours of approval directly to partner institutions.“indiaed provides frictionless financing at the point of need, supporting families facing rising tuition costs and evolving educational demands,” said anand subramaniam, chief business officer - domestic loans, auxilo finserve.india's private education sector, currently valued at $52 billion, is growing at a cagr of 12%, driven by digital adoption and demand for personalised learning. indiaed seeks to meet this demand with speed and scalability, backed by auxilo's digital infrastructure and recent funding.auxilo plans to extend the offering to individual borrowers in the next phase. the company raised $33.4 million in equity in march 2024 from leapfrog investments and other existing investors.