Auxilo Education Loan

Auxilo Abroad Education Loan - Features and Benefits

1. No Margin Money - A significant advantage of Auxilo education loans is that there is no margin money unlike education loans from private and public sector banks. Margin money is the money that borrowers need to pay themselves; the remaining amount is paid by the lender. This means that Auxilo Abroad Education Loan will provide a 100% coverage of expenses apart from tuition fees including accommodation, travel costs and Caution Deposit/Building Fund/ Refundable Deposit. Therefore, you will not have to shell out a penny from your pocket while financing your education and related costs.
2. Flexible Repayment Options - The repayment terms and conditions of an Auxilo Education Loan are flexible and can be altered to suit the customers’ needs. If you are looking for an education loan that perfectly suits your requirements, get in touch with GyanDhan. We take heed of your requests, let them known to the Auxilo team, and offer you the best deals which align with your needs.
3. Express Approval in the Cases of Urgency - With GyanDhan, you can get your loan application approved in only two working days. In urgent cases, wherein, for example, you have a short deadline to get your loan approved, remit the fee, or get your VISA, you can approach GyanDhan with your concerns, and we will ensure that your loan is sanctioned before time.
4. Customized Education Loan Solutions to Suit Customers’ Needs - You can get your education loans customized i.e. tenure, payment during the moratorium period, disbursal from Auxilo to suit your specific needs.
5. Digital Process Facilitated through GyanDhan - For Auxilo Education Loan for studying abroad, our online document upload facility helps you to submit all the documents for loan application online from the comfort of your home. This saves your energy, time, and expenses and also keeps you away from the ordeal of handling volumes of paperwork physically.
6. Online Account Management Post Disbursement of Education Loan - After the Auxilo education loan is disbursed, You can get detailed summary of all your transactions, interest and EMI payments, and so in an online account. This not only helps you keep an organized and coherent record of the transactions but also ensures transparency. GyanDhan’s assistance does not end only with the sanction of loan. We are there for you till the end of the process ensuring all disbursements from Auxilo take place easily.

1. Apply Online and Upload Documents
• First off, to know if you are eligible for a loan from Auxilo, click here. You could also request a call back here.
• Our team of dedicated education loan counsellors will get in touch with you to discuss your financing needs and suggest you suitable loan options.
• Upon critical evaluation of your profile, we will suggest you the appropriate steps to be taken to avail a loan from Auxilo.
• Next comes the crucial step, that is, the submission of the relevant documents. Since GyanDhan has an online facility for document upload for Auxilo, you can easily submit the documents from the comfort of your home.
• Additionally, GyanDhan prepares a customized list of documents for you on the basis of your profile and loan applied for. This way, you have an exact record of the documents to be submitted which speeds up the documentation process.
• Our loan counsellor will help you while you submit the documents. We will ensure that you submit all the required documents at one go. In this way, not only will the chances of loan approval will increase, but the processing of loans will also speeden up.
 
2. Doorstep Collection of Documents
• Apart from the online document upload facility, you can also avail Auxilo’s doorstep document collection facility. For tier-1 and some tier-2 cities, Auxilo can collect documents from your home. If you want to opt for this facility but are confused if this option is applicable to your city, get in touch with GyanDhan for guidance.
 
3. Processing and Approval
• We forward your loan application along with the documents to Auxilo for evaluation and real-time approval.
• We regularly follow up with Auxilo to know the status of your application and also ensure that the processing is expedited. You can check the real-time status on GyanDhan’s website.
• Applicants may note that during this stage, they may be contacted by the lender to furnish more proof in support of their loan application. These requirements will be communicated to the applicants via GyanDhan. Also in the case of any unreasonable demand, we raise it to Auxilo’s concerned authority.
• Once the documentation and application is deemed as free from loopholes, the loan is approved and is ready for sanction.
 
4. Loan Sanction and Disbursal
• The student will then have to pay the processing fees to get the sanction letter.
• After receiving the sanction letter, the student and co-applicant will be required to put their signatures on the loan agreement within the validity period of the sanction letter, that is 6 months.
• After signing the agreement, the student becomes eligible for the disbursement of the loan.
• The lender will transfer the stipulated amount of money to your bank account or the university/college. In case, the student needs the disbursal before visa as per the requirements of the visa office , we talk to the Auxilo team and get it done.
• GyanDhan will also see to it whether the disbursals are being made on time.
• Students can reach out to GyanDhan anytime during the tenure of the loan for any help.

What is the Eligibility to Apply for the Auxilo Education Loan?

The eligibility criteria for the borrower is as follows -

• The student must be an Indian citizen and 18 years of age or above.
• The student must also have confirmed admission before the disbursement of the education loan.
• The Auxilo education loan has to be co-signed by a co-borrower earning in India

The eligibility for the co-borrower is as follows -

• The co-borrower must be an Indian citizen and earning in India.
• The co-borrower could be a parent, sibling, legal guardian, or a relative.
• The co-borrower must have a bank account in India with check writing facilities.
• The co-borrower will be the primary debtor.

What are the Eligible Courses for an Education Loan From Auxilo?

Auxilo covers the following courses -

• Graduation and Post-graduation, and diploma courses that are recognized and approved by the UGC/AICTE/IMC/Govt. Bodies, etc.
• Professional and technical courses - Law, Management, Medicine, Engineering, Aviation, etc.
• Vocational training, executive programs, and other courses approved by Auxilo.

What are the Eligible Countries for the Auxilo Education Loan?

Auxilo provides finance to study in countries, such as - USA, UK, Canada , Germany, Ireland , Australia, Singapore, New Zealand, UAE

Documents Required For Auxilo Education Loan

GyanDhan offers a customized list of necessary documents for Auxilo Education Loan as per your and co-applicant’s profile and property/asset offered as collateral. The following documents are required at a high level:

GyanDhan will critically evaluate your profile and generate a customized list of documents which you will be required to submit along with your loan application. Right after, we will commence with the loan process with Auxilo. We will also suggest alternatives in case some documents are missing to expedite your loan approval process.

Frequently Asked Questions

Auxilo Education Loan Reviews - Student's Speak