Apply Online and Upload Documents
Use the UniCreds Loan Eligibility tool to see if you are eligible for a loan from Auxilo. You could also request a call back here. Our team of dedicated education loan counsellors will get in touch with you to discuss your financing needs and suggest suitable loan options. Upon critical evaluation of your profile, we will suggest the appropriate steps to be taken to avail a loan from Auxilo. Next comes the crucial step of submitting the relevant documents. Since UniCreds has an online facility for document upload for Auxilo, you can easily submit the documents from the comfort of your home. Additionally, UniCreds prepares a customized list of documents for you on the basis of your profile and loan applied for. This way, you have an exact record of the documents to be submitted which speeds up the documentation process. Our loan counsellor will help you while you submit the documents. We will ensure that you submit all the required documents at one go. In this way, not only will the chances of loan approval will increase, but the processing of loans will also speeden up.
Doorstep Collection of Documents
Apart from the online document upload facility, you can also avail Auxilo’s doorstep document collection facility. For tier-1 and some tier-2 cities, Auxilo can collect documents from your home. If you want to opt for this facility but are confused if this option is applicable to your city, get in touch with UniCreds for guidance.
Processing and Approval
We forward your loan application along with the documents to Auxilo for evaluation and real-time approval. We regularly follow up with Auxilo to know the status of your application and also ensure that the processing is expedited. You can check the real-time status on the UniCreds website. Applicants may note that during this stage, they may be contacted by the lender to furnish more proof in support of their loan application. These requirements will be communicated to the applicants via UniCreds. Also in the case of any unreasonable demand, we raise it to Auxilo’s concerned authority.
Loan Sanction and Disbursal
The student will then have to pay the processing fees to get the sanction letter. After receiving the sanction letter, the student and co-applicant will be required to put their signatures on the loan agreement within the validity period of the sanction letter, that is 6 months. After signing the agreement, the student becomes eligible for the disbursement of the loan. The lender will transfer the stipulated amount of money to your bank account or the university/college, as the case may be. In case, the student needs the disbursal before visa as per the requirements of the visa office, we talk to the Auxilo team and get it done. UniCreds will also see to it whether the disbursals are being made on time. Students can reach out to UniCreds anytime during the tenure of the loan for any help.