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.
Auxilo is a premium 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 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.
Sr. No | Features | Education Loan Details |
---|---|---|
1 | Loan amount | Upto ₹1Cr (Collateral) Upto ₹50Lac (Without Collateral) |
2 | Margin money | Nil |
3 | Interest rate | The Auxilo Education loan interest rate right now is 12.70%. 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. |
4 | Processing fee | 1.0% to 2.0% |
5 | Processing time | 3-4 Working Days |
6 | Loan tenure | 10 Years |
7 | Prepayment charges | Nil |
8 | Countries covered | USA, Canada, UK, Ireland, New Zealand, Australia, Germany and others |
Calculate EMI for Education Loan
Loan Amount
Interest (p.a)
Loan Duration
Course Duration
Grace Period
Following table show the year wise payment schedule.
Month | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
---|---|---|---|---|
Month 1 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 2 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 3 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 4 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
Month 5 | Opening Balance (₹) | Interest Paid (₹) | Principal Repaid (₹) | Closing Balance (₹) |
You are eligible to apply for the Auxilo Abroad Education loan only if you’ve met the following requirements:
Sr. No | Type | Requirement |
---|---|---|
1 | 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 before Auxilo allocates the Education Loan. 3. An earning co-borrower in India should co-sign the Education Loan. |
2 | 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 |
3 | Eligible Courses | You 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 |
4 | Eligible Countries For Auxilo Student Loan | 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 |
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:
Sr. No | Type | Documents Required |
---|---|---|
1 | For Applicants | 1. KYC documents like Aadhaar card or PAN card. 2. Academic documents like SSC, HSC, Graduation, etc. 3. A valid passport. |
2 | For Co-Applicants | 1. Basic KYC documents like the Aadhaar card and PAN card. 2. Income documents like pay-slips, Form 16/ITR. 3. Bank Statements. |
The Auxilo Education Loan 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 Education Loans are flexible and adjustable.
Apply Online & Upload Your Documents
Doorstep Collection Of Documents
Processing and Approval
Loan Sanction And Disbursal