JULO launches digital education financing in Indonesia

By Leandra Monteiro

Financial inclusion-focused Indonesian digital lending company, JULO has launched an education feature that will enable customers to access education financing.

With just a few in-app clicks, customers can use their JULO digital credit limit to cover any education expense across any school, college, university or online course in Indonesia. This coverage extends to more than 250,000 institutions with more being added on an ongoing basis.

“The launch of this unique JULO education feature underlines our commitment to ensure uninterrupted education for our valued customers and their families with easy digital credit access. Now, they will never need to worry about how to cover any education expenses ever. We stay razor focused on using digital credit to empower our customers and to become an integral part of their daily lives.  Consumers have already started using this JULO education feature for payments encompassing elementary school, high school and university tuition fees at first and second tier cities across Indonesia,” said Nimish Dwivedi, Chief Business Officer of JULO Group.

While cash loans and BNPL are widespread, education financing is limited to just a few institutions in Indonesia. Since 2016, JULO provides an array of cash and non-cash options through its accessible and comprehensive digital credit platform. This new education financing feature will provide an additional layer of convenience for JULO’s rapidly growing customer base.

“2023 will be a year of customer-centric innovations for JULO. Our objective is to improve the quality of our customer’s lives and empower them with our easy to access digital credit. We will stay focused on developing digital credit as a key driver of financial inclusion in Indonesia,” stated Adrianus Hitijahubessy, CEO & Co-founder of JULO.