Auxilo Finserve to disburse RS 350 crore education loans

HYDERABAD: Auxilo Finserve, a non-banking financial company that focuses on educational loans, plans to disburse RS 350 crore over the next two years. The NBFC, backed by Balrampur Chini Mills and investor Akash Bhansali, is aiming to chart a growth path in the educational loan segment where traditional banks lag. “Education loans of about Rs 20,000 crore were disbursed in India in FY17 registering a 17 per cent year-on-year growth. Nearly three lakh students availed education loans to study in India and four lakh students to study abroad. We aim…

Read More