Leo1 brings no-cost EMI for school fees
Fee payment solution provider Leo1 said it has introduced a new fee payment model at zero cost zero interest EMI across India. With this financing model, institutions receive 100 per cent fee at the beginning of the academic session with a no cost and zero interest EMI for parents.
Hyderabad: Fee payment solution provider Leo1 said it has introduced a new fee payment model at zero cost zero interest EMI across India. With this financing model, institutions receive 100 per cent fee at the beginning of the academic session with a no cost and zero interest EMI for parents.
Leo1 also announced the launch of a Leo1 card which lets parents send money digitally and monitor category-wise usage of the card and overall spending. Students can use it to pay institute fees, make payments at any retail outlets, withdraw cash from an ATM, and also use it as a student ID card.
Rohit Gajbhiye, Founder and MD, LEO1, said: “We are getting encouraging response from the education institutions and parents of Andhra Pradesh which further strengthens our expansion plans. We have already tied up with several institutions in key cities of the state and are expanding to other cities too.”
The MD further said that this facility helps education institutions to get the entire fees at the beginning thereby not having any shortage of funds to operate.
