Auxilo Education Loan

Get Free Education Loan Assistance From Siksha Udaan Capital

Interest Rate

11.5% - 13.5%

Processing Fees

0.5 - 15%

Margin Money

Nil

Auxilo Education Loan for Abroad Studies

Founded in 2017, Auxilo Finserve Pvt. Ltd. operates as a Non-Banking Financial Company (NBFC). The company evaluates students using over 15 criteria and provides tailor-made education loan solutions for various countries including the UK, US, Australia, Canada, Germany, France, New Zealand, and Ireland. Auxilo specializes in providing personalized loan options that cater to the specific requirements of each student. Based on your academic background, GyanDhan may also assist you in obtaining an Auxilo education loan for studying overseas even before acknowledgment.

Overview of the Auxilo Education Loan

Features Description
Loan amount
Up to INR 65 Lakh
Rate of interest
11.5% - 13.5%
Processing fees
0.5-1.5%
Processing time
7-10 days
Margin money
nil
Moratorium period
Course duration + 1-year
Repayment tenure
15 years

Age

To apply, individuals must be at least 18 years old. They should also have received admission to a reputable university.

Academic Performance

The applicant must regularly maintain good academic standing and fulfill Auxilo’s basic academic requirements to be eligible for an education loan. Furthermore, the student might be required to complete specific exams like IELTS, GRE, or TOEFL. It is essential to remember that, in the United States, GRE scores are particularly vital for obtaining financial assistance through a student loan for education.

Co-applicant

The borrower needs to have a co-applicant for the application. This co-applicant could be someone like the applicant’s mother, father, sister, brother, spouse, relative from either side of the family, or a legal guardian. They must have a reliable source of income and a good credit history.

Course and Country of Study

This program will cover standard graduate and post-graduate degrees, diplomas, certificates, and doctorate courses in various fields provided by international universities in countries like the USA, UK, Canada, Australia, New Zealand, France, Germany, and Ireland. This program will cover standard graduate and post-graduate degrees, diplomas, certificates, and doctorate courses in various fields provided by international universities in countries like the UK, Canada, USA, Australia, France, New Zealand, Germany, and Ireland.

Auxilo Education Loan for US

Features GRE >=310 GRE 300 - < 310 GRE 285 - < 299
Rate of interest
11.25 - 11.75%
11.75 - 12.5%
12.5 - 13%
Loan amount
Up to INR 65 Lakh
Up to INR 50 Lakh
Up to INR 40 Lakh
Co-applicant minimum income
INR 30K
INR 35K
INR 35K
Monthly installment during the course
Partial simple interest
Partial simple interest
Simple interest
Processing fees
0.5-1%
0.7 - 1%
1%

Auxilo Education Loans for Other Countries

Features Australia / New Zealand Canada UK Germany/Ireland/
France/Italy
Rate of interest
12.5 - 14%
12 - 13%
12.5 - 13.5%
12.5 - 13.5%
Loan amount
INR 20 Lakh
INR 30 Lakh
INR 40 Lakh
INR 20 Lakh
Co-applicant minimum income
INR 60K
INR 30K
INR 40K
INR 40K
Monthly installment during the course
EMI
Simple interest
Simple interest
Simple interest
Processing fees
1 - 1.5%
1%
1 - 2%
1 - 1.5%

Auxilo's List of Necessary Documents for Education Loan

Shiksha Udaan Capital provides a personalized list of documents required for Auxilo education loans. The list is tailored based on your profile, your co-applicant’s profile, and any property or asset that you may provide as collateral.

Applicant's Documents

Co-applicants Documents

Income Proof for Salaried Co-applicant/Guarantor

  • Statement of bank account for the past 6 months (Salary account). 
  • Salary slips for the last 3 months
  • Copy of Form 16 of the last 2 years or a copy
  • A brief statement of assets and liabilities of guardian/ parent/ other co-borrower. 

Income Proof for Self-employed Co-applicant/ Guarantor

  • TDS certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ doctor and other professionals)
  • Business address proof
  • Last two years’ IT returns (if IT Payee)
  • A brief statement of the assets and liabilities of the guardian parent or other co-borrower
  • Bank account statement for the last 6 months

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The Process of Applying for an Auxilo Education Loan via Shiksha Udaan Capital

Through their website, applicants may easily complete the basic online application procedure for an education loan from Auxilo. However, for a more streamlined and stress-free application process, try applying for your education loan through Shiksha Udaan Capital. By selecting our services, you can easily get your education loan approved through a simple process.

Procedures for Applying for an Auxilo Education Loan

There are several ways that you may contact the customer support team at Auxilo:

Email

Provide detailed information about your profile in an email to customercare@auxilo.com. The team at Auxilo will carefully review your email.

Online Application Form

Visit the Auxilo website at www.auxilo.com. Go to the “Contact Us” section of the official site. this section, you will come across an online application form. Take a moment to complete this form by providing your relevant details.

Branch visits

Go to the Auxilo branch that is close to you in your town or city. Branch personnel can provide assistance with education loans, including guidance on the application procedure, required paperwork, and any other pertinent information. Auxilo’s headquarters are located in Mumbai, and the company also has offices in Chennai, Delhi, Bengaluru, Hyderabad, Ahmedabad, Pune, and other Indian cities.

If you would like to apply for an education loan through Shiksha Udaan Capital, an education financing platform that specializes in assisting students in securing funding for their higher education abroad, instead of going through the trouble of visiting physical branches and navigating difficult application forms, you can still use Auxilo to finance your study abroad. 

Applying through Shiksha Udaan Capital will provide you with an effective solution.

After you satisfy the eligibility conditions, one of our professional counselors will carefully analyze your profile and suggest lenders who would suit your unique loan needs. Our counselors will help and assist you along the loan processes, and they are always accessible to answer any questions or deal with any challenges you could run into. 

Advantages of Using Shiksha Udaan Capital to obtain your Auxilo Education Loan

Best Loan Guaranteed

Shiksha Udaan Capital strives to deliver you the best education loan available in the market. We work hard to provide you with the greatest offer. We will pay the difference in interest rates for the whole term of your education loan if you find a better deal. 

Quick Processing Time

Shiksha Udaan Capital collaborates closely with several Auxilo departments to make sure that our student loan applications are approved for loans as swiftly as possible, generally in 5-7 days. One of the main reasons students come back to us year after year for assistance with their loan application is our speedy service. However, the typical processing period for a loan application submitted directly to the NBFC can vary between 10 and 12 days.

100% Free of Cost Services

The services given by Shiksha Udaan Capital to applicants are entirely at no cost. We don’t charge applicants any money at all.

Higher Probability of Receiving Approval

If there are any difficulties with the paperwork or application, Shiksha Udaan Capital stands in and collaborates with the Auxilo personnel to identify a solution.

Online Document Submission

With Shiksha Udaan Capital, you can save time and effort by using our online document upload feature. This means you don’t have to make a physical visit to the NBFC to submit your documents. Moreover, we will keep you updated on every stage of the loan approval process through timely notifications.

Frequently Asked Questions

What is the maximum loan amount available through an Auxilo education loan?

The maximum loan amount for students is INR 65 lakh for unsecured loans and INR 1 crore for secured loans through Auxilio.

Do we need to make payments for the Auxilo education loan while in the study period?

While studying, it is important to pay simple or partial interest. After completing the course or finding employment (whichever comes first), students can begin repaying the initial amount after a 6-month grace period.

What are the interest rates for Auxilo education loans?

The interest rate for Auxilo education loans can range from 11.5% to 13.5% per annum. The specific interest rate is determined based on individual profiles.

How long does it take for Auxilo to process an education loan for studying abroad?

The processing time for an education loan from Auxilo is 5 working days.

Which countries are covered by Auxilo for education loans for overseas education?

Auxilo provides loans for studying abroad in countries such as the UK, the US, Germany, France, Canada, Australia, New Zealand, and Ireland.

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