Auxilo Education Loan offers students uniquely designed education loans for overseas studies that are simple and hassle-free. Their lightning fast application process and simplified documentation list is the reason so many students opt for an Auxilo Education Loan to finance their education abroad. Make sure you get your education loan from Auxilo today.
Loan Margin: N/A%
Interest Rate: 11.5% onwards
Processing Fees: 1% to 2% of Loan Amount

Auxilo is a premium pro-education NBFC that specializes in education loans for overseas studies. Founded in 2017, Auxilo is still a relatively new company but already has an excellent track record in funding students’ overseas education. By partnering with UniCreds, Auxilo is set to help more students finance their tuition fees and other living expenses. Auxilo assesses students on the basis of 15+ parameters and offers personalised education loan options for countries like US & Canada. UniCreds can also help you in getting an Auxilo Education Loan for study abroad even before you secure admission on the basis of your academic profile.

Features Of Auxilo Education Loan

Sr No.FeaturesAxis Bank Education Loan Details
1Loan Amount
  • Maximum INR 40 lakh for Auxilo unsecured education loan and INR 1 crore for secured loan.
  • However, case-level exceptions are possible.
  • 2Auxilo Education Loan Interest Rate
  • 12.70% p.a - 18% p.a
  • 3Processing Fee
  • 1% to 2% of loan amount sanctioned.
  • 4Loan Tenure
  • 10 years.
  • 5Margin Money
  • NIL. Funding up to 100% of the expenses.
  • 6Prepayment Charges
  • As applicable or as per the RBI guidelines.
  • 7Auxilo Education Loan Repayment Holiday
  • None. (One can start repaying the principal amount after 6 months of course completion or once one gets a job, whichever is earlier. Till then, the simple/partial interest needs to be paid).
  • 8Countries Covered
  • US, UK, Canada, Germany, France, Ireland.
  • 9Processing Time
  • 12 DAYS.
  • 10Payments During Study Period
  • Yes, Simple/Partial interest.
  • Benefits Of Auxilo Education Loan

    Express Approval
    With UniCreds, you can expedite their loan application process in urgent cases. Be assured of getting your education loan processed in two working days. In case you need to meet a deadline to get your loan approved, remit the fee, or get your VISA, you can approach UniCreds with your concerns, and we will ensure that your loan is sanctioned before time.
    No Margin Money
    A major advantage of securing an Auxilo Abroad Education Loan for your overseas studies is that here is no margin money unlike education loans from private and public sector banks. In short, margin is the money borrowers need to pay themselves and the remaining by the lender. This means that Auxilo Abroad Education Loan will provide a 100% coverage of expenses apart from tuition fees including accommodation, travel costs and Caution Deposit/Building Fund/ Refundable Deposit. Therefore, you will not have to shell out a penny from your pocket while financing your education and related costs.
    Flexible Repayment Options
    Avail Auxilo Abroad Education Loan’s flexible repayments wherein loans can be altered to suit the customers’ needs. If you have any special requests pertaining to your education loan, you can get in touch with UniCreds and we, in turn will convey the same to the Auxilo team, and offer you the best deals which align with your needs.
    Customized 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.

    Benefits Of Getting Your Auxilo Abroad 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.

    Eligibility For An Auxilo Education Loan

    Sr. NoConditions
    1The student applying for the Education Loan should be an Indian citizen, 18 years old or above.
    2The student should have a confirmed admission in the Institute before Auxilo allocates the Education Loan.
    3An earning co-borrower in India should co-sign the Education Loan.

    How To Apply?

    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.

    What Documents Are Required To Apply For An Avanse Education Loan?

    UniCreds provides 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:

    Sr. NoTypeDocuments Required
    1For Applicants:
  • KYC documents like Aadhaar card or PAN card.
  • Academic documents like SSC, HSC, Graduation, etc.
  • A valid passport.
  • 2For Co-Applicants:
  • Basic KYC documents like Aadhaar card and PAN card.
  • Income documents like pay-slips, Form 16/ITR.
  • Bank Statements.
  • Frequently Asked Questions

    What is the maximum loan amount that one could get for overseas studies?
    Auxilo supports all those countries that offer a promising future for the Indian student community to look forward to.