To date, Auxilo has given loans to over 10000+ students across 1100+ universities. There is no doubt why this NBFC has become one of the leading NBFCs in India. Auxilo is known for its transparent and quick processes. This is why it helps you with everything- from counselling for a perfect loan amount to tracking the loan status. If you are here to find out how to track Auxilo education loan status, this blog has it all! Just read through it to learn everything in detail.
Why Take An Auxilo Education Loan?
Auxilo does not impose a cap on education loan limits and can finance up to 100% of the loan amount. They provide customised education loans based on the applicant’s profile. The interest rate for Auxilo education loans starts at 11.5%. Continue reading for more details on the Auxilo Education Loan process.
Different Ways To Track Auxilo Education Loan Status
You can track your Auxilo education loan status in different ways, such as through their online portal, customer support, etc. This ensures you can track your loan status anywhere and in any given situation. Read through to find out:
Auxilo Online Portal: Go to Auxilo’s ‘track my application’ webpage. Enter your loan account number, contact number/ email address. Submit these details, and you’ll get the loan status on your dashboard!
Auxilo Customer Support: Call Auxilo’s customer support on their toll-free number. Provide your account details and loan information. They will let you know your Auxilo loan status within minutes.
Track your Auxilo Education Loan Through UniCreds: UniCreds has partnered with Auxilo to help you get an education loan at the best processing fees and interest rates. You can take an education loan through UniCreds and track your Auxilo loan status through your . Our loan counsellor will often contact the Auxilo team and you for better communication and a faster process.
How To Apply For Auxilo Education Loan Through UniCreds?
UniCreds makes it easy to apply for an education loan through Auxilo with these simplified steps:
- Step 1: Visit UniCreds’ website and complete a basic form with your details.
- Step 2: A UniCreds loan counsellor will contact you to understand your loan needs, collateral options, and expenses.
- Step 3: You’ll receive a choice of education loan options and Auxilo that match your needs and financial situation.
- Step 4: UniCreds will provide a checklist of documents needed for your loan application.
- Step 5: UniCreds ensures a fast approval process to sanction your loan promptly.
Auxilo Education Loan Disbursement Process
Once you determine your eligibility, you can apply online or request a callback from a knowledgeable education loan counsellor at UniCreds.
- Once your application and all necessary documents are submitted, the lender will begin processing it.
- The loan is approved and ready for sanction after ensuring that all documentation and details are accurate and complete.
- You must pay the processing fees upon loan approval to obtain the sanction letter.
- Once you receive the sanction letter, both the student and co-applicant must complete the loan agreement within the six-month validity period.
Once the agreement is signed, the student becomes eligible for loan disbursement.
Auxilo Education Loan Eligibility Criteria
The eligibility criteria may vary based on specific loan products and are subject to change as per the lending institution’s policies and regulations. The eligibility criteria for Auxilo abroad education loans typically include:
- The applicant should be between 18 and 35 years old.
- The applicant should have secured admission to a recognised university or college for a course in India or abroad.
- The course being pursued should be approved by a recognised authority
- A co-applicant (parent, spouse, or guardian) with a stable source of income is usually required.
- A good credit score is preferred but not always mandatory
- The applicant should be an Indian citizen or a Non-Resident Indian (NRI) with a valid passport
Tips For Auxilo Education Loan Tracking
Tracking your Auxilo education loan can be essential for staying updated on its status and ensuring a smooth repayment process. Here are some tips for effectively tracking your Auxilo education loan:
- Notifications and Alerts: Opt-in for notifications and alerts via email or SMS to receive updates on your loan status, repayment reminders, and other vital communications.
- Document Updates: Keep your contact details updated with Auxilo. Inform them promptly if your address, phone number, or email change to ensure you receive all communications related to your loan.
- Regular Monitoring: Regularly monitor your bank and loan account statements for any transactions related to your loan, such as EMI deductions or credits.
- Stay Informed: Stay informed about any changes in loan policies, interest rates, or terms and conditions that may affect your loan.
FAQs
Q1. How do I track the status of my Auxilo Education Loan application?
You can track your Auxilo Education Loan application status by contacting Auxilo’s customer service or logging into your online account on their website.
Q2. How long does it take to receive updates on the status of my Loan application?
The time to receive updates on your Auxilo Education Loan application status can vary. Still, typically, you should expect updates within a few days to a couple of weeks after submitting your application.
Q3. What should I do if there’s a delay in my Loan status update?
If the status update of your Auxilo Education Loan is delayed, promptly contact Auxilo’s customer service for an update and continue to follow up until you receive a resolution.
Q4. Are there any fees associated with tracking my Auxilo Education Loan status?
No, typically, no fees are associated with tracking your Auxilo Education Loan status.
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