Auxilo Study Abroad Education Loan

Auxilo is a registered Non-Banking Financial Institution offering Education loans to students planning to Study Abroad. They provide without collateral funding up to ₹65 Lakh for the USA, up to ₹30 Lakh for the United Kingdom (UK), Australia & Canada, and up to ₹25 Lakh for Germany & Ireland. They require Collertal or guarantee in rare cases based on the applicant profile. You will have up to 100% funding for a tenure of up to 12 years and a 1-year moratorium. 

Features

Benefits

No Margin

The Auxilo will cover your tuition fees, living expenses, purchase of books, computers, other equipment, building fund, caution deposit, refundable deposit, and travel expenses.

High Limit on Loan Amount

The Auxilo has higher upper limit of ₹65 Lac on Abroad Education loans for Non-Collateral based loans to cover your education to a maximum extent. 

Competitve Interest Rates

The avanse interest rate starts at 12.70% (wef 01.11.2022). The interest rate depends on the applicant credit score and profile. 

RBI Approved

The Auxilo Finserve is RBI-approved NBFC authorized to provide education loans to India- and abroad-based students. 

Moratorium Period

The Auxilo provides a Moratorium period on a case-to-case basis with a grace period of 12 months from the time you complete the course or from the time you secure the job. 

Loan Repayment

The Auxilo offers education loans for a maximum duration of 144 months or 12 years, including course duration. You can pay earlier or get a loan with a shorter repayment schedule.

Benefits of applying an Auxilo Education Loan through Abroad Cube

1. Higher Chances of Approval - On applying for an Education Loan through Abroad Cube, you can expect higher chances of approval as our expert will verify the documents before submission and suggest better alternatives for higher approval.
2. Zero Charges - We help you apply for an Education Loan at Zero costs
3. Online Process - With Abroad Cube, applying for an Education Loan is entirely Online. You must submit all the required documents online, and we will send them to the concerned Bank of NBFC. Our system is designed to handle your education loan application online with timely updates.
4. Quicker Sanctions - Our education loan partners have lower processing times. Our expert will verify the documents before submission to avoid processing delays. 
5. Cashbacks and Offers - You will get up to Rs 10,000 cashback when you apply for an Education Loan through Abroad Cube

Charges of Auxilo Education Loan

The description of charges of Auxilo Education Loan

Eligibility criteria for Auxilo Education Loan

1. An Applicant
   • must be an Indian citizen who is 18 or older
   • must have a confirmed admission letter before the final disbursal (an applicant can apply for an Education loan before their admission based on their academic history)
   • must have a co-borrower who earns in India
2. A Co-Applicants
   • must be an Indian citizen and should be a parent, legal guardian, sibling, or other blood relative.
   • must have a bank account in India that allows them to sign cheques.
   • must be the primary debtor.
3. The Institution/University/College
   • It can be a Graduate course
   • It can be a Post-Graduate Course
   • It can be a job-oriented professional course
   • It can be a technical course
   • It must be approved by the regularities. 

Documents required for Auxilo Education Loan

Here are the documents required for Education Loan by Auxilo for Applicants and Co-Applicants

How to apply for Auxilo Education Loan

1. Apply on our website, and submit your basic profile for eligibility checks. 
2. Once eligible, get quotes from multiple banks and NBFCs for your education.
3. Choose the best offer and start with the application. 
4. Submit the documents as per Abroad Cube's curated Checklist to avoid processing delays. 
5. Our expert will verify the documents and send them to the concerned education loan provider.
6. The Education loan provider will process your file and revert. 

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