Mumbai: Auxilo Finserve, a leading education-focused NBFC, has launched 'IndiaEd', an interest-free school and tuition fee financing solution aimed at easing the financial burden on students and educational institutions across India.

IndiaEd is designed to support the entire spectrum of education—from school tuition and college fees to coaching classes, vocational training, and upskilling courses.

The financing solution is being rolled out through institutional partnerships with schools, colleges, coaching centres, and edtech platforms, enabling seamless access to funding at the point of need.

“India's education ecosystem is evolving rapidly. With rising tuition costs and new demands like online learning and extracurriculars, smarter, more flexible financing is critical. IndiaEd offers a frictionless, interest-free option for learners and educators alike,” said Anand Subramaniam, Chief Business Officer - Domestic Loans, Auxilo Finserve.

India's private education market, currently valued at $52 billion, is expanding at a 12% CAGR. IndiaEd aims to address this growing demand with fast, paperless processing, and instant disbursals—within 24 hours—to partnered institutions.

Key features of IndiaEd include flexible loan amounts from ₹20,000 to ₹10 lakh, repayment tenures ranging from 3 to 72 months, and 100% digital processing with zero waiting period.

Following its recent $33.4 million equity raise in March 2024 from LeapFrog Investments and existing investors, Auxilo is investing in innovative solutions like IndiaEd to empower India's next generation of learners. The second phase of IndiaEd, allowing direct applications from students, is expected to launch soon.