Auxilo Education Loan
Get Free Education Loan Assistance from GyanDhan
Rate of Interest
11.25%
Processing Fees
0.5 - 1.5%
Margin Money
nil
Established in 2017, Auxilo Finserve Pvt. Ltd. is an NBFC. Auxilo assesses students based on more than 15 parameters and offers customized education loan options for countries like the US, UK, Canada, Australia, France, Germany, New Zealand, and Ireland. Auxilo offers customized loan options based on the requirements. They also provide various benefits such as pre-approved loans, flexible repayment options, and doorstep service.
What's more? GyanDhan can also help you in getting an Auxilo Education Loan for studying abroad even before admission based on your academic profile.
Overview of Auxilo Education Loan Online
| Feature | Description |
|---|---|
| Loan Amount | Up to INR 65 Lakh |
| Rate of Interest | 11.25 - 14% |
| Processing Fees | 0.5 - 1.5% |
| Processing Time | 7-10 days |
| Margin Money | nil |
| Moratorium period | Course duration + 1-year |
| Repayment tenure | 15 years |
Eligibility criteria of Auxilo education loan scheme
- Age: The applicant must be at least 18 years of age or older at the time of application. The student should have secured admission to a recognized university.
- Academic performance: To be eligible for an education loan, the applicant must meet Auxilo's minimum academic criteria and maintain a consistently good academic record. Additionally, the student may need to fulfill certain prerequisite tests such as GRE, IELTS, or TOEFL. It is important to note that, in the US, GRE scores are particularly important in obtaining an education loan.
- Co-applicant: The borrower must need a co-applicant, who could be the applicant’s mother, father, sister, brother, spouse, paternal or maternal relative, or a legal guardian, with a regular source of income and good credit history.
- Course and country of study: Under this scheme regular graduate degree/post-graduate degree/diploma/certificate/doctorate courses in any discipline offered by foreign Institutes/Universities in the USA, UK, Canada, Australia, New Zealand, France, Germany, Ireland will be covered under the scheme.
Total Interest to be paid
0Total Payment Principal + Interest
0Your EMI per month will be
0Auxilo education loan for US
|
Feature |
GRE > = 310 |
GRE 300 = < 310 |
GRE 285 = < 299 |
|
Rate of interest |
11.25 - 11.75% |
11.75% - 12.5% |
12.5 - 13% |
|
Loan amount |
Up to INR 65 Lakh |
Up to INR 50 Lakh |
Up to INR 40 Lakh |
|
Co-applicant minimum income |
INR 30 K |
INR 35K |
INR 35K |
|
Monthly installments during the course |
Partial simple interest |
Partial simple interest |
Simple interest |
|
Processing fee |
0.5 - 1% |
0.7 - 1% |
1% |
Auxilo education loans for other countries
|
Feature |
Australia / New Zealand |
Canada |
UK |
Germany/ Italy |
|
Rate of interest |
12.5 - 14% |
12 - 13% |
12.5 - 13.5% |
12.5 - 13.5% |
|
Loan amount |
INR 20 Lakh |
INR 30 Lakh |
INR 40 Lakh |
INR 20 Lakh |
|
Co-applicant minimum income |
INR 60K |
INR 30K |
INR 40K |
INR 40K |
|
Monthly installments during the course |
EMI |
Simple interest |
Simple interest |
Simple interest |
|
Processing fee |
1 - 1.5% |
1% |
1 - 2% |
1 - 1.5% |
Documents required for education loan by Auxilo
GyanDhan provides a customized documents list for Auxilo education loans, which depends on your profile, your co-applicant profile, and any property/asset, you may offer as collateral.
- Identity proof: PAN/ Passport/ Driver’s License/ Voter ID card or government-issued identification document.
- Education loan application form.
- Address proof: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill/ Driving License/ Aadhaar card.
- Passport
- Past academic record.
- 10th standard mark sheet
- 12th standard mark sheet
- Under graduate result (semester-wise)
- Entrance exam results (e.g. GMAT, GRE, TOEFL, etc.)
- Proof of admission: admission letter (A conditional admission letter is also applicable).
- Statement of expenses.
- Identity proof: PAN/ Passport/ Driver’s license/ Voter ID card or government-issued identification document.
- Address: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill or copy of Driving license/ Aadhaar card.
- 2 passport-size photographs.
- Bank account statement of the co-borrower/guarantor, for the last 6 months (in case of takeover of education loan).
- Salary slips for the last 3 months.
- Copy of Form 16 of the last 2 years or copy.
- Bank account statement for the last 6 months (Salary account).
- Brief statement of assets & liabilities of parent/ guardian/ other co-borrower.
- Business address proof.
- Last 2 years IT returns ( If IT Payee).
- TDS certificate (Form 16A, if applicable).
- Certificate of qualification (for C.A./ doctor and other professionals).
- Brief statement of assets & liabilities of parent/ guardian/ other co-borrower
- Bank account statement for the last 6 months.
Income proof for salaried co-applicant/guarantor
Income proof for self-employed co-applicant/guarantor
How to apply for an education loan at Auxilo via GyanDhan
Applying for an education loan from Auxilo is a simple online process that can be done through their website. However, for a smoother and stress-free application experience, you can consider applying for your education loan via GyanDhan. GyanDhan is an online platform that aims to help Indian students fund their overseas education. By choosing us, you can have your education loan approved in four easy steps.
Apply Online
Online document submission
Processing & Approval
Loan Sanction & Disbursal
Benefits
Getting Auxilo Abroad Education Loan Through GyanDhan
Guaranteed best loan
GyanDhan aims to provide you with the most competitive education loan in the market. We strive to bring you the best deal available. If you come across a better offer, we will cover the difference in interest rates for the entire duration of your education loan.
Online document submission
With GyanDhan's online document upload feature, you can easily submit the necessary documents required for your loan application from the convenience of your own home, eliminating the need to physically visit the NBFC for document submission. In addition, we will keep you informed of each step of the loan approval process by sending you timely notifications.
100% free of cost services
GyanDhan’s services for applicants are absolutely free. We do not charge a single penny from applicants.
Higher chances of approval
In case of any hurdles regarding documentation or application, GyanDhan intervenes and resolves the problem by coordinating with the officials at Auxilo.
Low turnaround time
At GyanDhan, we work closely within multiple departments at Auxilo to ensure that our student loan applicants receive loan approval in a speedy manner - typically within just 5-7 days. This prompt service is one of the reasons why students choose to entrust their loan requests with us year after year. On the other hand, if a student chooses to apply for a loan directly through the NBFC, the standard processing time is usually around 10-12 days.
The GyanDhan effect in Auxilo
| Feature | With GyanDhan | Without GyanDhan |
|---|---|---|
| Personalized document checklist according to profile & area | Yes | No |
| Branch visits | 0 | 3-4 |
| Pre-visa disbursements | Easy | Difficult |
Frequently Asked Questions
How much amount can I get through Auxilo abroad education loan?
What is the interest rate of Auxilo education loan?
Do we have to pay during the study period in Auxilo education loan?
What is the processing time of Auxilo abroad education loan?
For which countries does Auxilo provide an abroad education loan?
Our Lending Partners
Auxilo Education Loan Reviews - Student's Speak
Isha Razdan: University of Ontario
Thank you gyandhan. Thank you Aman sir and Manish sir for all your help. Gyandhan rocks!
Rakshith Rathnakar Shetty: Royal Institute of Technology
Great! Team was very quick with procedures, Thank you so much for all the timely follow up made by your representative.
Gowtham Boyala: University of Ottawa
Mr Shreehari, relationship manager at Bangalore was very helpful in my case . He made sure to answer my calls and help me during the overall process.
