Auxilo

Auxilo Education Loan for Study Abroad

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Interest Rate
10.5% onwards
UnSecured Loan
₹65 Lakhs
Secured Loan
₹200 Lakhs
Processing Time
3 working days
Margin
100% Funding
Loan Tenure
up to 12 years
Type
NBFC
Tax Benefits
No
Processing Fees
starts 1%
100+ Cr
Disbursed
10+
Banks & NBFC
15+
Countries
3 days
Average Time

How it works!

1
Check Eligibility

Get your Education Loan Eligibility checked within 5 minutes

2
Document Submission

Sorting, Verifying and Submitting Documents as per Checklist

3
Application Process

Submission of application to top lenders from a pool of 12+ options

4
Sanction & Disbursal

Get Sanction Letter in record time and proceed for Disbursement

Features of Auxilo Education Loan

Interest Rate Starts at 10.5%
Loan Amount (Collateral) Upto ₹65 Lac
Loan Amount (Without Collateral) Upto ₹200 Lac
Processing Fees starts 1%
Processing Time 3 working days
Loan Tenure up to 12 years
Margin 100% Funding
Prepayment Charges Zero
Moratorium Period Course + 1 year
Admit Letter Not Required
Tax Benefits No
Type NBFC
Life Insurance Required

Auxilo is a registered Non-Banking Financial Institution offering Education loans to students planning to Study Abroad. They provide UnSecured Loan up to ₹65 Lakh for the USA, up to ₹35 Lakh for the United Kingdom (UK), Germany, Ireland, and Canada, and up to ₹45 Lakh for Australia. For other Countries, it varies based on the Cost of Education. You will have up to 100% funding for a tenure of up to 12 years. The option of Pre-Visa Disbursement is also available if the applicant requires it. 

For a Master's application, they do not require Collateral unless there are CIBIL issues, a high cost of education, high credit risk, or academics are low. A Co-Applicant with a minimum of Rs 20,000 monthly income with applicable Income Proofs is recommended. Certain waivers, such as 1-year Income Tax Return and low Income of Co-Applicant, are available for USA applications. 

For the Bachelor's application, they will need a Collateral such as a House, Shop, or Building as a security, and the Co-Applicant must be capable of paying EMI from the first month onwards. In these applications, having parents or siblings as Co-Applicant is suggested.

The Loan amount will be disbursed to the HSBC Bank account opened by Auxilo in the applicant's name and transferred to the University as required. The Living Expenses will be provided as a Forex Card or Bank Transfer abroad. If you have already paid the University or Living Expenses through other means, the reimbursement will be made in the applicant's or co-applicant's savings account. 

Our Loan Education Expert will help you get up to 50% discount on Auxilo Education Loan Processing Fees and up to 25% discount on Interest rates. Along with that, the process will be completely transparent and fast-forwarding. 

 

Eligibility criteria for Auxilo Education Loan

Here is the basic Eligiblity Criteria for Study Abroad Education Loan by Auxilo. 

Student
  • must be an Indian Citizen
  • must be a minimum of 18 years of age
  • must have a good CIBIL history
University
  • must be approved by the concerned regularities
  • can be a Graduate/Post-Graduate/technical course
  • must have a good world and national ranking
  • must be SDS & PGWP approved (for Canada only)
Academics
  • must have a minimum of 50% in Class 10th, Class 12th, Bachelors and Masters
  • must have a sufficient language proficiency exam scores
Co-Applicant / Co-Borrower
  • must be an Indian citizen
  • should be a father, mother, brother, sister, grandparent or any other blood relative.
  • must be a financial earner (Salaried, Self-Employed, Farmer, or Pensioner)
  • must have a savings bank account in India that allows them to sign cheques
  • must be the primary debtor
  • must have a good CIBIL history
Collateral
  • must be a fixed deposit or property such as a house, shop or an open plot
  • property must be approved by the concerned authorities
  • property must be located in an Urban or City area

 

Charges of Auxilo Education Loan

Here is the list of basic charges involved in Auxilo Study Abroad Education Loan

Description Charges & Fees
Processing Fees 1%
Life Insurance Varies
Travel & Health Insurance Varies
Collateral Valuation (if applicable) Rs 5900

 

Contact Auxilo for Education Loan 

The Auxilo Support team is available through Email at customercare@auxilo.com and Phone at 1800 123 289456 for queries related to existing and new education loan applications. 

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Searching for a Quick and Best Study Loan for Study Abroad

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Benefits of getting Auxilo Education Loan through Abroad Cube

Higher Chances of Approval

When 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.

Low Processing Time

Using the latest technology and years of experience, we expedite the application process by 65%, reducing overall processing time. Applying using the exact required documents with the eligible lender is the key to getting an application processed in record processing time.

Personalized Document Checklist

Our Education Loan Expert will send you a Personalized Document Checklist, removing all unnecessary documents, easing the process and giving you peace of mind.

Negotiation on Interest Rate & Processing Fees

We will help you get Comparable, Negotiated and best-suited Education Loan deals, saving you up to Rs 3 Lakhs. The major negotiable components are Interest Rate and Processing Fees.

Free Education Loan Assistance

We are not charging any service fees for helping with the Study Abroad Education Loan. Also, there are no hidden fees involved, which is guaranteed. For each approval, we get paid a referral fee by Auxilo without any additional charge to students.

Documents required for Auxilo Education Loan

Here is the standard document checklist for getting an education loan from Auxilo or other lenders. The bank or NBFC might ask for additional documents or information based on the application to ease the process.

Type Documents
Student
KYC
  1. Aadhar Card
  2. PAN Card
  3. Passport
  4. Resume
Academics
  1. Class 10th Marksheet
  2. Class 12th Marksheet
  3. Bachelor Marksheets & Degree (If applicable)
  4. IELTS, TOEFL, PTE (if applicable)
  5. GMAT, GRE, SAT, ACT (if applicable)
  6. University Admit Letter (required later)
Co-Applicant /
Co-Borrowers
KYC
  1. Aadhar Card
  2. PAN Card
  3. Bank Statement (Last 6 months)
Salaried / Job
  1. Salary Slips (Last 3 months)
  2. Form-16 (Last 1 year)
Self-Employed / Busines
  1. Income Tax Returns (Last 2 years)
  2. Business Proof
Farmer
  1. Income Certificate
  2. Land Ownership Proof
  3. J-Forms (if applicable)
  4. Patta-book (if applicable)
Collateral
  1. Registered Sale Deed
  2. Property Tax Receipts
  3. Electricity Bill
  4. All Property Documents

How to apply for Auxilo Education Loan via Abroad Cube

Check Eligibility

Start by checking your eligibility on Abroad Cube's website or reach out to us via WhatsApp or phone. The Eligibility criteria include Country acceptance, University and course ranking, Academics, Credit Score and history, co-applicant and Collateral requirements, etc.

Document Submission

Once you pass the basic Eligibility Criteria, the next step will be Documentation. Our Education Loan Expert will send you a personalized Document Checklist of Auxilo and help you arrange, sort and suggest alternatives, if any. Before sending documents to the Auxilo, we ensure that all documents are in order according to the required Checklist to expedite the application login process.

Application Processing

Our Education Loan Expert will choose the best lenders from the pool of 12+ options to get you the best-suited deal. They will follow up with concerned Lender Relationship Managers for Application Login and further processing. The lender process will include getting consent, address verification, and a small telephonic interview with the Credit Manager before the final decision.

Loan Sanction & Disbursal

The sanction letter will be released within 24 hours once you pay the processing fee to the Bank via acceptable payment methods. Afterwards, you may proceed with the Study Visa process or request Pre-Visa disbursement. You can also ask for reimbursement if you have already paid the Tuition Fees or Living Expenses via other means. Once you complete the banking formalities, the loan amount will be disbursed into the Bank Account

Apply for Auxilo Edu-Loan

You may apply for Auxilo Education Loan by visiting their local bank branch or contacting their customer support team. But Abroad Cube will help you get a hassle-free Education Loan from your comfort at the best Interest Rate and record processing time at Zero Service Charges.

Abroad Cube is an Online Study Abroad Marketplace that has onboarded 12+ Banks and NBFCs to ease the process of getting the best deal for an Education Loan in minimal processing time. To get started, Check your Eligibility and share your Documents by Email or WhatsApp to expedite your application process.

Frequently Asked Questions

Auxilo Finserve Private Limited is a Non-Banking Financial Company registered with RBI. They finance Education Loans to Indian students who want to Study in Abroad and India.

It usually takes 3 working days for Auxilo to process the application if applied via Abroad Cube.

Auxilo provides up to Rs 65 Lacs without Collateral and Rs 1 Cr with Collateral for Study Abroad. The amount varies based on profile and country requirements.

Auxilo's Interest rate starts at 12% for UnSecured Education Loan and varies based on application.

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Disclaimer: Any Bank/NBFC/Financial Institution does not endorse, promote, review or warrant the accuracy of the product or services offered by Abroad Cube. This platform is independently run by a team of experts.
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