Auxilo Finserve to disburse Rs.100cr loan in K'taka

Marching ahead with its objective of creating new-age education ecosystem across the country, Auxilo Finserve Pvt. Ltd. has rolled out plans to disburse Rs. 100 cr of loan amount in next two years in Karnataka.

Auxilo Finserve, India's fastest growing education NBFC, aims to provide education financing to more than 100 affordable schools and 250 plus students in the state, through its new centre in Bengaluru.

"Bangalore is one of our strategic locations that will serve the need-based opportunities around student financing & school modernisation. Our primary research suggests us to be more responsive towards the nation-building objectives, and help educational entrepreneurs in the State providing them the next-level support through expert hand-holding and guidance," said Neeraj Saxena, MD and CEO of Auxilo Finserve.

In a bid to address the growing needs of school infrastructure in the State, and especially near Bangalore suburban areas, Auxilo Finserve has designed a specialised financing product that will fulfill the requirements of all aspiring affordable school who wish to upgrade their infrastructure facilities.

From supporting classroom renovation to school uniform to bus service to modern equipment enhancement, Auxilo lends its support at every step with easy and hassle-free processes. The proposed ticket-size of loans for schools or institutes financing could go up to Rs. 10 cr or minimally at Rs. 20 lakh.