Among the many financial institutions offering education loans, Auxilo Finserve Pvt. Ltd. stands out as a specialized Non-Banking Financial Company (NBFC) dedicated to funding higher education. The Auxilo education loan to study abroad is designed to cater to the needs of students by offering customized loan solutions with flexible repayment options.
Auxilo education loans offer financial support for students pursuing studies at top global universities. With competitive interest rates, high loan amounts, and quick processing, it provides hassle-free funding for tuition, living expenses, travel, and more. Let’s explore all the important details related to Auxilo education loans to study abroad, interest rates, benefits, and repayment details.
Table of contents
- Auxilo Education Loan to Study Abroad
- Key Features of Auxilo Education Loans for Studying Abroad
- Auxilo Education Loan Interest Rates
- Benefits of Auxilo Education Loan for Study Abroad
- Courses Covered Under Auxilo Education Loan
- How to Apply for Auxilo Education Loan?
- Eligibility Criteria for Auxilo Education Loan to Study Abroad
- Documents Required
- Applicable Charges on Auxilo Education Loan
- FAQs on Auxilo Education Loan to Study Abroad
Auxilo Education Loan to Study Abroad
Auxilo Education Loan is a reliable financing option for students aspiring to study abroad. Auxilo offers a range of education loans, including Study Abroad Loans, Study India Loans, Executive Education Loans, Privilege Loans, Skill Education Loans, and education loan refinancing solutions.
Why Choose Auxilo Education Loan?
With Auxilo Education Loan, students can achieve their academic dreams without financial stress. Whether pursuing undergraduate, postgraduate, or professional courses abroad, Auxilo ensures seamless funding support. Here are some reason why choose Auxilo education loan:
- 100% Financing – No margin money required, ensuring full coverage of tuition fees and related expenses.
- Hassle-Free Application – Simplified process with doorstep document collection for added convenience.
- Flexible Repayment Options – Borrowers can begin repayment six months after course completion or upon securing a job.
- Competitive Interest Rates – Auxilo provides attractive loan terms to make international education accessible.
| Feature | Details |
|---|---|
| Maximum Loan Amount | No limit; fully funded based on requirements |
| Interest Rates | 15.10% p.a |
| Repayment Tenure | Up to 12 years |
| Processing Fees | Generally around INR 250 |
| Processing Time | Typically completed within one week |
| Margin Money | Zero margin money required |
Key Features of Auxilo Education Loans for Studying Abroad
Auxilo offers a range of benefits tailored to meet the financial needs of students aspiring to study abroad. From full financing to fast loan sanctions, these features ensure a smooth and hassle-free loan experience, including a flexible Auxilo education loan repayment plan.
Auxilo’s education loans are designed to cater to the diverse needs of students planning to study overseas. Key features include:
- Loan Amount: Up to INR 65 lakh without collateral and up to INR 1 crore with collateral, depending on the applicant’s profile and chosen university.
- Interest Rates: Competitive rates starting from 10.25% onwards, with variations based on individual profiles and loan specifics.
- Comprehensive Coverage: Financing covers tuition fees, living expenses, travel costs, examination fees, library charges, purchase of books and equipment, insurance premiums, and other related educational expenses.
- Flexible Repayment Options: Repayment tenure of up to 12 years, with options for partial interest payment during the moratorium period (course duration plus up to one year).
- Pre-Admission Loans: Provision of loans even before admission confirmation, allowing students to present proof of funds during the application process to universities.
- High on Services: Auxilo offers dedicated support, personalized assistance, and a hassle-free loan application process.
- 100% Financing: Auxilo covers the entire cost of education, including tuition fees, living expenses, travel, and other related costs.
- Merit-Based Loans: Special loan schemes are available for academically outstanding students with favourable terms.
- Pre-Visa Disbursement: Loans can be disbursed before obtaining a student visa, helping students meet financial prerequisites.
- Countries Covered: India and various countries including the US, UK, Canada, Australia, Germany, France, New Zealand, and Ireland
Also Read: Terms and Conditions for Education Loan for Students
Auxilo Education Loan Interest Rates
Auxilo aims to offer competitive interest rates to students applying for an education loan. The interest rate on an Auxilo education loan is calculated as follows:
Interest Rate = Auxilo Base Rate + Spread
- The current Base Lending Rate is 15.10%.
- The Spread is determined individually, based on an analysis of the applicant’s creditworthiness and course profiling.
- The interest rate is floating in nature, meaning it may change over time.
- Interest is calculated using the Simple Interest Rate with a monthly rest.
This interest rate is subject to the terms and conditions of Auxilo Finserve Pvt. Ltd., ensuring transparency and affordability for students seeking financial assistance for their higher education abroad.
Benefits of Auxilo Education Loan for Study Abroad
Auxilo education loan offers a host of benefits that make it a preferred choice for students seeking financial support for overseas education. From quick loan approvals to 100% financing, Auxilo ensures a smooth borrowing experience tailored to student needs. Here are a few benefits of Auxilo education loan for study abroad.
- Fastest Loan Sanction: Auxilo’s streamlined process ensures fast documentation and approval so that students receive their loans without delays.
- 100% Financing: The loan covers all education-related costs, including tuition fees, examination fees, living expenses, travel expenses, and pre-admission costs.
- Customized for You: Auxilo tailors its education loan offerings according to student needs and career goals, ensuring timely financial support.
- Comprehensive Financing: Covers all education-related expenses, ensuring students can focus on their studies without financial worries.
- Flexible Terms: Customized loan structuring and repayment plans tailored to individual needs.
- Pre-Admission Loans: Enables students to secure proof of funds even before final admission, strengthening their university applications.
- Dedicated Support: Access to dedicated relationship managers providing personalized assistance throughout the loan process.
- Recognition and Trust: Auxilo’s reputation as a leading education loan provider is reinforced by industry awards and a strong track record.
Courses Covered Under Auxilo Education Loan
Auxilo provides financial support for a wide range of academic programs, ensuring that students from diverse educational backgrounds can achieve their study abroad goals. The Auxilo Education Loan covers:
- Vocational Training, Executive Programs, and Other Specialized Courses approved by Auxilo.
- Undergraduate, Postgraduate, and Professional Courses offered by universities and colleges approved by regulatory bodies like UGC, AICTE, IMC, and other government authorities.
- Technical and Professional Courses in fields such as management, medicine, law, engineering, aviation, and more.
- Degree and Diploma Programs from prestigious independent institutions like IITs and IIMs, subject to Auxilo’s approval.
- Courses Offered by Foreign Universities in India, provided they are recognized institutions.
Also Read: What are the Pros and Cons of Paying-Off Student Loans Early?
How to Apply for Auxilo Education Loan?
Applying for an Auxilo education loan to study abroad is a simple and hassle-free process designed for quick approvals. The streamlined application ensures students can secure funds without unnecessary delays. Here’s a step-by-step guide to applying:
- Get Funded: Once the loan is approved, the funds will be disbursed. Depending on the requirement, tuition fees may be transferred directly to the university, and living expenses to the student’s account
- Reach Out to Auxilo: Begin by contacting Auxilo with your study abroad loan requirements. Their team will guide you through the process, discuss your academic background, and help structure a loan that fits your needs.
- Begin the Application Process: Submit the online loan application along with the required documents. These include proof of admission, academic records, financial documents, and any additional information needed for verification.
- Loan Structuring: Auxilo will assess your application, verify your documents, and structure the loan accordingly. At this stage, you may need to finalize co-applicants and provide collateral security if applicable.
Also Read: Terms and Conditions for Education Loan for Students
Eligibility Criteria for Auxilo Education Loan to Study Abroad
To qualify for an Auxilo education loan to study abroad, students must meet certain eligibility criteria set by the lender. These criteria ensure that students and their co-borrowers have the financial and academic stability required for loan approval. Below are the key eligibility requirements:
For Students
- The student applying for the education loan must be an Indian citizen and at least 18 years old.
- The student must have a confirmed admission in a recognized international institute before loan disbursement.
- The education loan must be co-signed by an earning co-borrower in India.
For Co-Borrowers
- The co-borrower must have an account in an Indian bank with cheque-writing facilities.
- The co-borrower will act as the primary debtor and be responsible for loan repayment.
- The applicant must be an Indian citizen.
Documents Required
The following documents should be submitted as scanned copies when applying for an Auxilo education loan:
Applicant’s documents:
- Know Your Customer (KYC)
- Aadhar card
- Permanent Account Number (PAN) card
- SSC, HSC, graduation certificate
- Passport
Co-Applicant’s Documents:
- 16 Income Tax Returns (ITR)
- Pay slips
- Aadhar card
- PAN card
- Bank statements
Applicable Charges on Auxilo Education Loan
Before applying for an Auxilo education loan to study abroad, it’s essential to understand the associated charges. Below is a detailed breakdown of the applicable fees:
| 2% of the sanctioned loan amount or as per the Sanction Letter | Particulars |
|---|---|
| Processing Fee (PF) | Included in the PF for one property and any additional property given as security during the loan tenure charges INR 4000/- plus applicable tax |
| Cheque/NACH/ Pre-EMI/ EMI bounce charges | INR 400 plus applicable tax |
| Default Penal Charges (on delayed instalment) | 18% per annum plus applicable tax |
| Prepayment Charges | NIL |
| Property Legal and Technical verification charges | Included in the PF for one property and any additional property given as security during the loan tenure charges INR 4000/- plus applicable tax |
| Loan Recovery Charges (Legal & incidental) | As per actuals |
| Demand Draft / Pay order issuance charges | Applicable as per Actual Bank Charges |
| Demand Draft Cancellation charges | INR 500 plus applicable tax |
| ROI Conversion charges | As per applicable Company Policy |
| Non-Postal Stamp / Stamp Duty on Loan documents | Applicable as per State Stamp Act |
| NACH/Cheque/NACH swapping charges | INR 500 plus applicable Tax |
| Duplicate No Dues Certificate | INR 250 plus applicable Tax |
| Copies of Property documents – Hard Copies / Scan images | INR 2000 plus applicable tax |
| Custodian Fee for keeping Original Property documents after loan is closed | Custodian Fee for keeping Original Property documents after the loan is closed |
To sum up, the Auxilo education loan to study abroad is an excellent financing option for Indian students aspiring to study in international universities. With flexible repayment terms, high loan amounts, and competitive interest rates, Auxilo makes overseas education accessible.
If you’re planning to pursue higher education abroad, considering Auxilo’s education loan could be a smart financial decision. Start your loan application process today and take a step closer to studying abroad. Let Fly Finance help you and make your dreams come true!
FAQs on Auxilo Education Loan to Study Abroad
There is no fixed limit; Auxilo provides up to 100% financing based on your needs.
The interest rate is 15.10% (Base Rate) + Spread, which varies based on your profile.
Auxilo provides both secured (with collateral) and unsecured (without collateral) education loan options, allowing flexibility based on your financial needs.
Repayment for an Auxilo Education Loan starts six months after completing your course or as soon as you secure a job, whichever comes first. This period is known as the moratorium period, during which you may be required to pay only the interest.
Yes, Auxilo provides pre-admission loans to ensure financial readiness.
Yes, the Auxilo Education Loan covers tuition, living expenses, travel, and other education-related costs.
Auxilo typically sanctions education loans within 7 to 10 days, provided all required documents are submitted correctly. In urgent cases, the process can be expedited to 2 to 3 days. To ensure a smooth approval, applicants should submit complete documentation on time. Auxilo also offers pre-admission loan sanctions, which can serve as proof of funds for university applications.
No, Auxilo provides zero-margin money loans, covering 100% of the costs.
Your eligibility depends on your co-applicant’s financial profile and your academic background.
Yes, Auxilo offers pre-visa disbursement for education loans, enabling students to access funds before obtaining their student visa. This is particularly useful for countries such as Australia, Canada, and New Zealand, where proof of sufficient funds is required for visa approval.
Collateral requirements for an Auxilo Education Loan vary based on the loan amount and applicant profile. Higher loan amounts may require collateral like property or fixed deposits. However, Auxilo also offers unsecured education loans up to ₹1 crore for eligible students, with interest rates ranging from 11.3% to 13%.
Accepted collateral includes residential/commercial property, fixed deposits, LIC policies, and government bonds.
The Auxilo education loan approval process typically takes 7 to 15 days, provided all required documents are submitted.
The documents required to apply for an Auxilo education loan are:
Admission letter from the university
KYC documents (Aadhar, PAN, passport)
Academic records (marksheets, certificates)
Income proof of co-applicant (ITR, salary slips)
Collateral documents (if applicable)
To learn more about education loans, the best bank accounts for students, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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hi
will Auxilo provide loan for MBA students who are going study in USA. If yes can I know the requirements and process for applying loan, please.
Hi,
Yes, Auxilo provides loans for MBA students planning to study in the USA. They provide upto 100% financing depending on the student profile. To be eligible, you must have an acceptance letter from a recognized university in the USA. Additionaly, co-borrower is required, who should also be an Indian citizen and have a stable income. To apply, you can either visit Auxilo’s official website or connect with our loan experts at Fly.Finance to get the best interest rates on your loan.
For more details, reach out to our experts at 1800572126 to help ease your education loan and other services.