New Delhi, May 12 -- Auxilo Finserve, India's leading education-focused NBFC, on Tuesday, 12 May, said it had expanded its domestic education loan business 'IndiaEd' to provide direct fee disbursement to registered schools and colleges across India.

According to the NBFC, the programme covers K-12, undergraduate and postgraduate courses, including engineering, medical and management disciplines. The company announced that all loan applications will be processed digitally, and approved loans will be disbursed within 48 hours directly into the institution's account.

"Schools and colleges are dependent on fee income as their primary revenue stream, and delayed fee collections affect payroll cycles, defer infrastructure investment and const...