Auxilo is an NBFC registered under RBI guidelines and has been operating since 2016. They mainly deal with Non-Collateral based Education Loans for many countries, including the USA, UK, Canada, Australia, Germany, and Ireland. While applying for an Avanse Education Loan through Abroad Cube, you are eligible for up to Rs 10,000 cashback.Apply Now
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.
|Interest Rate||Starts at 12.70%|
|Loan Amount (Collateral)||Upto ₹65 Lac|
|Loan Amount (Without Collateral)||Upto ₹65 Lac|
|Loan Amount (Minimum)||₹10 Lac|
|Processing Time||3-4 working days|
|Loan Tenure||up to 12 years|
|Margin||Zero (100% Financing)|
|Moratorium Period||up to 12 months|
|Tax Benefits||Not available|
The Auxilo will cover your tuition fees, living expenses, purchase of books, computers, other equipment, building fund, caution deposit, refundable deposit, and travel expenses.
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.
The avanse interest rate starts at 12.70% (wef 01.11.2022). The interest rate depends on the applicant credit score and profile.
The Auxilo Finserve is RBI-approved NBFC authorized to provide education loans to India- and abroad-based students.
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.
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.
The description of charges of Auxilo Education Loan
|Description||Charges & Fees|
Here are the documents required for Education Loan by Auxilo for Applicants and Co-Applicants
You can contact us anytime to apply for an Education Loan or to resolve your doubts