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Auxilo - Education Loan

NBFC

No collateral needed

Loan Margin : NIL

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3 days avg loan processing time

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Margin

NIL

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Collateral

No

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Loan Tenure

Upto 15 Years

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Processing fee

0.5% to 1.0%

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Early Repayment

Yes

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Living Cost

Yes

Secured Loan

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Amount

Up To 3Cr

Un-Secured Loan

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Amount

Up To 80Lac

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UniCreds Guarantee

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Quick Loan Sanctions

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100% Transparency

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No Hidden Fees

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24x7 Support

Features of Auxilo Education Loan for Abroad Studies

Auxilo is a pro-education NBFC that focuses on education loans for international students. Auxilo, which was founded in 2017, is still a young firm, but it already has a strong track record of funding students' international studies. Auxilo plans to assist more students to finance their 100% tuition and other living expenses by working with UniCreds. 

Auxilo evaluates students based on 15+ criteria and provides personalised education loan choices for nations such as the United States and Canada. UniCreds can also assist you in obtaining an Auxilo Education Loan for study abroad even before you have been admitted based on your academic background.

FeaturesEducation Loan Details
Loan amountUpto ₹3Cr (Collateral) Upto ₹80Lac (Without Collateral)
Margin moneyNil
Interest rateThe Auxilo Education loan interest rate right now 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 fee0.5% to 1.0%
Processing time3 Days 3-4 Working Days
Loan tenure15 Years (up to)
Prepayment chargesNil
Countries coveredUSA, Canada, UK, Ireland, New Zealand, Australia, Germany and others

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

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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.

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Auxilo Abroad Education Loan Eligibility

You are eligible to apply for the Auxilo Abroad Education loan only if you’ve met the following requirements:

TypeRequirement
For the borrower1. 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 before Auxilo allocates the Education Loan. 3. An earning co-borrower in India should co-sign the Education Loan.
For the co-borrowerSince 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 CoursesYou are eligible for the Auxilo 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. Auxilo-approved vocational training, executive programmes, and other courses
Eligible Countries For Auxilo Student LoanAuxilo 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 Student Loan for Abroad Studies

Express Approval
In emergency situations, you can use UniCreds to accelerate the loan application procedure. In fact, you can expect your student loan to be processed within two working days. If you need to meet a deadline to get your loan sanctioned, remit the fee, or get your VISA, you can approach UniCreds, and we will make sure that your loan is approved on time.
No Margin Money
A significant benefit of obtaining an Auxilo Abroad Education Loan for your overseas studies is that there is no margin money, unlike education loans from other banks. In a nutshell, margin is the amount of money that borrowers must pay themselves, with the remainder paid by the lender. This implies the Auxilo Abroad Education Loan will cover all expenses besides tuition fees, housing, travel costs, and Caution Deposit/Building Fund/Refundable Deposit. As a result, you will not have to pay a dime out of your own pocket to finance your education and related expenditures.
Flexible Repayment Options
Take advantage of Auxilo Abroad Education Loan's various repayment options, which allow loans to be suited to the requirements of the customer. If you have any special requests concerning your education loan, feel free to get in touch with UniCreds, and we will forward them to the Auxilo team, who will then offer you the best deals that meet your requirements.
Customised Education Loan Solutions
Get tailor-made solutions to your education loan i.e tenure, payment during the moratorium period, disbursal from Auxilo to suit your specific needs.
Digital Process
UniCreds will make it possible for you to upload documents without visiting the branch. This saves you energy, time, and expenses and also keeps you away from the ordeal of handling volumes of paperwork physically.
Online Account Management After Loan Disbursement
After the Auxilo loan is disbursed, you can access an online account to get a complete overview of all your transactions, interest and EMI payments, and so on. This not only allows you to retain an orderly and consistent record of transactions but also assures transparency.

Benefits Of Getting Your Education Loan Through UniCreds

Higher Chance Of Approval
By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, NBFCs dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to Auxilo officials and find the best solution.
Online Submission Of Documents
With UniCreds, you can submit all the required documents from home! There won’t be any need to visit the branch. Simply head over to our website and submit all the documents there. There won’t be a possibility of not submitting an essential document, as our system is designed to ensure all essential documents are submitted. You also get stepwise updates via notifications.
No Cost To You
All our education loan services are completely free of cost.
Quicker Sanctions
Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 5 days.

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:

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18001217661

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Need Guidance Faster? Call us at:

phone

18001217661

How To Apply for Auxilo Education Loan for Abroad Studies?

Apply Online & Upload Your Documents

  • Once you’ve checked your eligibility, you can either apply online or contact one of our experienced education loan counsellors, and request a callback. Our expert counsellors can assist you in obtaining an Auxilo education loan without collateral or with one, depending on your convenience.
  • After you’ve given your profile details, our team will critically evaluate your profile and, based on your eligibility, we will recommend you with the next set of steps.
  • UniCreds offers the facility for students to upload documents online, so you can save yourselves from the hassle of submitting your documents at the bank, and can do it right from the comfort of your homes. 
  • Moreover, in order to speed up the process, UniCreds also gives you a customized list of documents that you can upload based on your profile and the loan that you’ve applied for.

 

Doorstep Collection Of Documents

  • Auxilo provides students located in tier 1 and tier 2 cities with the facility of collecting documents right at your doorstep. If you’re uncertain about whether this facility is applicable in your area, you can always get in touch with UniCreds to cross-check and then proceed.

 

Processing and Approval

  • Once you’ve uploaded/submitted the relevant documents, you can send your loan application and supporting documentation to Auxilo for review and real-time approval.
  • UniCreds will communicate with Auxilo on a frequent basis to determine the status of your application and to guarantee that it is processed as quickly as possible. Our website will provide you with the necessary updates.
  • Applicants should be aware that they may be approached by the lender at this point to provide further documentation in support of their loan application. These specifications will be sent to candidates via UniCreds. In the event of an unjustified demand, we will refer it to the appropriate Auxilo authority.
  • The loan is accepted and available for sanction once the papers and application are found to be free of flaws or any further loopholes.

 

Loan Sanction And Disbursal

  • Upon your loan approval, you will be required to pay the processing costs in order to obtain the sanction letter.
  • After obtaining the sanction letter, the student and co-applicant must execute the loan agreement within the validity term of the sanction letter, which is 6 months.
  • After signing the agreement, the student is entitled to loan disbursement.
  • The lender will deposit the specified amount of money into your bank account or the university/account. If the student requires disbursement prior to the visa as per the rules of the visa office, we consult with the Auxilo finance team and get it done.
  • UniCreds will also ensure that disbursements are made on schedule, and students can get in touch with UniCreds throughout the term of the loan.

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

unicreds

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.

unicreds-scholar-girl

Documents Required for an Abroad Education Loan By Auxilo

UniCreds provides students with a customised list of documents by analysing the student’s profile, the co-applicants profile and any property/asset, which you may offer as collateral. At a high level, these are the documents needed:

TypeDocuments Required
For BorrowersSTUDENT: 1. Pan Card 2. Aadhar Card 3. Passport 4. University Admission Letter 5. Entrance Score Card - GRE/ GMAT/ TOEFL/ IELTS, etc. 6. Academic: 10th, 12th & Degree - All semester Individual Marksheets 7. Resume 8. Name, Address, Contact and Email ID of 2 References (Friends/ Family/ Neighbors) 9. 3 months Salary slips (If Applicable) 10. 6 months Bank Statements (If Applicable) 11. Form 16 / ITR (If Applicable) MOTHER & FATHER (BOTH COMPULSORY): 1. Pan Card 2. Aadhar Card 3. Mobile Number & Email ID
Co-SignerCO-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 LoanCollateral 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

Education Loan Repayment for Auxilo

The Auxilo Finance Terms and Conditions state that repayment of the principal amount begins six months after course completion or when the student obtains employment, whichever comes first. Until then, the student just needs to pay a portion of the interest on the amount that has been utilised. The repayment options for Auxilo Loans are flexible and adjustable.

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Years
Months
Months

The displayed EMI amount is approximate & is subject to change based on various factors.

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Monthly EMI
0
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Principal Amount
1,600,000
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Total Interest
0
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Total Amount
0
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Frequently Asked Questions

Interest rates for Auxilo student loans typically starts from 11%, depending on the borrower's credit profile and other factors.
Yes, Auxilo education loans offer a balance transfer facility. UniCreds can assist you in navigating the transfer process seamlessly.
Courses eligible for an Auxilo education loan include undergraduate and postgraduate courses, diplomas, doctorate and many more specialized courses by renowned institutions.
No, collateral is not mandatory for Auxilo Education Loans. They offer attractive unsecured loan options based on the student or co-applicant's financial strength. However, providing collateral may enable you to negotiate more favorable interest rates, as these are available exclusively for loans secured with collateral.
Interest rates for Auxilo student loans typically range between 11.25% and 14% annually, depending on the borrower's credit profile and other factors.