Auxilo - Education Loan
NBFC
Collateral free loans available
Loan Margin : NIL
3 days avg loan processing time
Margin
NIL
Collateral
Collateral free loans available
Loan Tenure
Upto 15 Years
Processing fee
0.5% onwards
Early Repayment
Yes(without any charges)
Living Cost
Yes
Secured Loan
Amount
Up To 2Cr
Un-Secured Loan
Amount
Up To 80Lac
UniCreds Guarantee
100% transparent process
Fast loan processing
Free of cost service
No hidden fees
Features of Auxilo Education Loan
Let’s be informed on how Auxilo's study abroad loans are executed, with a focus on you. Here is where you find the most critical features of an application involving auxilo education loan interest rate, processing fees, and loan repayment method
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto ₹2Cr (Collateral) Upto ₹80Lac (Without Collateral) |
| Margin money | Nil |
| Interest rate | The auxilo education loan interest rate is between 11.25% to 13.50%*. Depending on the course profiling and credit analysis, different spreads are charged. It is simple interest that is calculated as the interest rate. Students who take up a student loan from Auxilo profit from competitive interest rates in addition to the loans' flexible terms and easy repayment alternatives. |
| Processing fee | 0.5% onwards |
| Processing time | 3 Days (Up to) |
| Loan tenure | 15 Years |
| Prepayment charges | Nil |
| Countries covered | USA, Canada, UK, Ireland, New Zealand, Australia, Germany and others |
Looking for
Faster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Eligibility Criteria to Apply for Auxilo Education Loan
Auxilo recognizes that academics go beyond college and career dreams. It is in line with this diversity that their eligibility criteria are crafted to be relatively open and competitive. You need to have the below:
| Type | Requirement |
|---|---|
| For the borrower | 1. The student applying for the Education Loan should be an Indian citizen, 18 years old or above. 2. The student should have confirmed admission to the Institute 3. An earning co-borrower in India should co-sign the loan. |
| For the co-borrower | Since the co-borrower plays an equally important role in education loans, there are set criteria that must be met. 1. The co-borrower must be a citizen of India 2. He/She must be earning in India 3. It is important that he/she has an Indian bank account that facilitates cheque writing 4. They could be a parent, legal guardian, a relative, or even your sibling 5. Lastly, the co-borrower will be considered as the primary debtor |
| Eligible Courses | You are eligible for the loan if you’re undertaking any of the following courses: 1. Graduation and post-graduation courses, as well as diploma programmes, that are recognised and authorised by the UGC/AICTE/IMC/Government Bodies, etc. 2. Law, Management, Medicine, Engineering, Aviation, and other professional and technical courses 3. It approved vocational training, executive programmes, and other courses |
| Eligible Countries | Auxilo provides funding for students to study abroad in the following countries: 1. USA 2. UK 3. Canada 4. Germany 5. Ireland 6. Australia 7. Singapore 8. New Zealand 9. UAE |
Benefits of Auxilo Education Loan For Abroad Studies
Invest in Your Future: Auxilo loan empower you with a range of benefits:
Benefits Of Getting Your Education Loan Through UniCreds
Get Guidance at every step of your loan application
We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.
Need Guidance Faster? Call us at:
18001217661
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Need Guidance Faster? Call us at:
18001217661
How to Apply for an Auxilo Abroad Education Loan?
UniCreds makes the application process smooth and efficient. Here's a step-by-step guide:
1. Check Eligibility:
Visit the UniCreds website or contact us to confirm your eligibility for Auxilo education loans. We'll guide you through the criteria, which typically include:
- Being an Indian citizen
- Having a confirmed admission from a recognized university
- Meeting the minimum age requirement (usually 18 years old)
- Having a co-borrower with a strong credit score (in some cases)
2. Gather Required Documents
- UniCreds can help you assemble the necessary documents for your Auxilo student loan application.
3. Apply Online with UniCreds:
- Our user-friendly online platform allows you to submit your application electronically. We'll guide you through the process and ensure all documents are uploaded correctly.
4. UniCreds Assistance:
- UniCreds goes beyond just providing a platform. We'll liaise with Auxilo on your behalf, manage communication, and keep you updated on the application status.
5. Loan Approval & Disbursement:
- Once your Auxilo study loan is approved, UniCreds will facilitate the disbursement process, ensuring you receive the funds seamlessly.
Looking forFaster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Documents Required for an Auxilo Education Loan
We provide students with a customised list of documents by analysing the student’s profile, the co-applicant's profile and any property/asset which you may offer as collateral. At a high level, these are the documents needed:
| Type | Documents Required |
|---|---|
| For Borrowers | - Completed application form - KYC documents (PAN card, Aadhaar card, etc.) - Academic transcripts (mark sheets, certificates) - Offer letter from your chosen university - Loan purpose documentation (fee receipts, estimated living expenses) - Co-borrower documents (if applicable) |
| Co-Signer | CO-SIGNER (Salaried-Job): 1. PAN Card & Aadhar card 2. Latest 3 months salary slips 3. Latest 1 Year Salary Credited Bank Statements 4. Latest 2 Years Form 16 5. Electricity Bill 6. Mobile Number & Email ID CO-SIGNER (Self Employed/Business): 1. PAN Card & Aadhar card 2. Latest 2 year ITR with Computation income, Profit & Loss and Balance sheet 3. Business proof (GST, UDHYAM ADHAR, and GUMASTA) 4. Latest 1 Year Bank Statement (Income Credited) 5. Electricity Bill 6. Mobile Number & Email ID |
| Collateral Loan | Collateral Documents: 1. Registered Sale Agreement (All chains) 2. Share Certificate 3. All Property Related Documents- e.g- Sanction Plan, Tax paid Receipt 4. NA conversion certificate in case of Plot. 5. OC/CC and Approved Building Plan. 6. 7/12 Extract 7. Society NOC 8. Any other Documents associated with Property |
Auxilo Education Loan Repayment Options
Unlike traditional lenders with one-size-fits-all repayment plans, Auxilo prioritises your post-graduation success with data-driven flexibility. Here's how their approach empowers you to manage your Auxilo education loan with ease:
- Income-Driven Options for Affordability: Auxilo abroad education loan recognizes recent graduates may not immediately command high salaries. They offer repayment plans that adjust based on your future income potential, as indicated by industry averages for your chosen field of study. This ensures your monthly payments are manageable, typically starting at 11.5%* interest rates, and don't hinder your financial well-being as you establish your career.
- Field of Study Considerations: Be it a gradual or steep climb, Auxilo acknowledges the unique career paths and their various learning trajectories. They incorporate into the loan repayment plan, not only your chosen profession but also a paired data of projected future salary. By doing this, you will be able to assure that your incomes are comparable to the average job market of your chosen career. Computational science students, on the other hand, could have a significantly higher expected starting salary compared to students majoring in arts, where their repayment plan would in reflection be.
By prioritising flexibility and offering dedicated support, Auxilo and UniCreds ensure that your education loan empowers your future, not burdens it. Focus on building your career with peace of mind, knowing you have a clear and manageable repayment plan in place.
The displayed EMI amount is approximate & is subject to change based on various factors.
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