Are school-fee loans the next goldmine for Indian fintechs?
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Show Notes
Regular CBSE schools just don’t cut it anymore for the aspirational middle class parents in India. But considering how the annual fees at most of these schools can range anywhere between Rs 3 lakh to Rs 25 lakh, sending a child to one of them is no joke. Almost 90 per cent of parents who take the step can’t afford to pay the full fees up front. In fact, for most, even paying half the fee in one go is not an option.
In come the fintechs. Companies like Grayquest, Jodo and Leo1 are partnering with a growing number of schools to offer a simple solution to these aspirational parents – zero cost EMIs.
How does it work? And what’s in it for the fintechs?
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