Auxilo

Auxilo Education Loan

Get Free Education Loan Assistance From GyanDhan

Interest Rate

Starting from 11.5%

Processing Fees

0.5% - 1.5%

Margin Money

Nil
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How it Works

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Simple FIVE step digital process to get a education loan

Check Your Loan Eligibility

Use our free tool to verify your eligibility and receive conditional loan offers.

1

Talk To Our Loan Experts

Connect with our dedicated loan counselor for a better understanding of the process.

2

Upload Documents and Fill Out the Form

Submit your documents or complete the necessary forms for bank verification and evaluation.

3

Negotiate For Your Best Loan Offer

GyanDhan expert's negotiate to secure the most competitive interest rates and the highest possible loan amount for you.

4

Get Loan Approval and Disbursement

Recieve your final approval and sanction letter, ensuring prompt fund disbursement from the lender

5
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Auxilo Education Loan for Abroad Studies

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All you need to know about Auxilo education loan for studying abroad

Overview

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 the Auxilo education loan

Features Description
Loan amount Up to INR 65 Lakh
Rate of interest 11.5% - 13.5%
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

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.

Auxilo 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/Ireland/France/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.

Applicants' documents

  • 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
    • Undergraduate 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.

Co-applicant’s documents

  • 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 passport/ 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).

Income proof for salaried co-applicant/guarantor

  • 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

Income proof for self-employed co-applicant/ guarantor

  • 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

How to apply for an Auxilo education loans 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.

How to contact Auxilo for an education loan

To get in touch with Auxilo's customer support team, you have several options:

Email

Send a detailed email to [email protected] with information about your profile. Their team will review your email and respond accordingly.

Online application form

Go to the Auxilo website (https://www.auxilo.com/) and go to the "Contact Us" section. Fill out the online application form with your details, and Auxilo will assess your profile and take the process further.

Branch visits

Visit the nearest Auxilo branch in your city or locality. The staff at the branch will provide assistance regarding education loans, the application process, required documents, and other relevant information. Auxilo has its head office in Mumbai and other offices across various cities in India, including Chennai, Delhi, Bengaluru, Hyderabad, Ahmedabad, and Pune.

If you're seeking an education loan for studying abroad through Auxilo but want to avoid the hassle of visiting physical branches and dealing with complicated application forms, you have the option to apply for an education loan through GyanDhan, an education financing platform that specializes in helping students secure funding for their higher education abroad. By applying via GyanDhan, you'll benefit from a convenient solution. Once you meet the eligibility criteria, our dedicated counselors will thoroughly assess your profile and recommend the most suitable lenders to meet your specific loan requirements. Throughout the loan process, our counselors will provide guidance and support, being readily available to address any concerns or challenges you may encounter. To check your eligibility here.

Benefits of getting your Auxilo 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.

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.

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.

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.

The GyanDhan effect on 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

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EMI Calculator

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Calculate your Education Loan EMIs

INR

Does Your Repayment Start While Studying?

Disbursal Option

Your EMI per month will be

Total interest you'll have to pay

Your total payment

(Principal + Interest)

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GyanDhan's Impact Stories

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Empowering students to overcome education loan obstacles

Academic Merit Triumphs: Securing Education Loan Sans Property Papers

This customer approached us on 7th June 2019. She was looking for a loan of 16L for an MSc in Biomedical Engineering at the National University of Ireland, Galway. Initially, she wanted a loan on her collateral. So, we tried in BOB, but it was rejected as she was unable to produce the original registered sale deed. Also, her family had a rental business, which was dealt mostly in cash. So, we tried in Auxilo, as her loan was either declined in other NBFCs or she was directly connected with them and they gave no proper response to her. It was logged in on 15th July 2019 through us. Initially, Auxilo asked her to add a proper co-applicant, which she was unable to do. So we requested Auxilo to approve the loan by considering her academics. Finally, it was sanctioned for 14L @ 13.5% on 22nd July 2019 in Auxilo. After completing her post-graduation she joined Regeneron as an Associate Biotech Production Specialist in the Limerick Metropolitan Area, Ireland in Oct 2020 and currently serves as Manufacturing Coordinator II in the same company.

Opportunities for a Master's at UC Berkeley with GyanDhan and Auxilo

Faced with the daunting challenge of financing his master's program at the University of California, Berkeley, a student turned to GyanDhan for assistance. Traditional lenders had stringent collateral requirements, and the rates offered were unaffordable. GyanDhan swiftly intervened, crafting a compelling case for the student and collaborating with Auxilo, a student-friendly loan provider. Emphasizing her academic merit, GyanDhan successfully secured a tailored education loan of 50 lacs from Auxilo at an attractive interest rate of 11%. This quick and efficient resolution allowed Alex to pursue his educational aspirations without compromising on quality or opportunity, showcasing GyanDhan's commitment to facilitating seamless and accessible education financing for deserving students.

Navigating Financial Barriers for a Master's in Computer Science at the University of Toronto

An ambitious student accepted into the prestigious University of Toronto for her master's in Computer Science. However, her excitement was dampened by the financial strain of international tuition and living expenses. Traditional lenders were hesitant due to Priya's lack of collateral, and she faced the risk of deferring her dreams. Turning to GyanDhan, he found a dedicated ally. GyanDhan not only navigated the complex landscape of education loans but also negotiated with various financial institutions. The breakthrough came with Auxilo, where GyanDhan secured a customized loan of 35 lacs for him, ensuring a smooth and timely start to her academic journey. This success story showcases GyanDhan's prowess in addressing unique financial challenges and empowering students to pursue educational excellence without compromise.

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Frequently Asked Questions

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How much amount can I get through an Auxilo education loan?

A student can get a maximum amount of INR 65 lakh with Auxilio unsecured loan and INR 1 crore for secured loans.

What is the Auxilo education loan interest rates?

The interest rate for Auxilo education loans varies from 11.5% - 13.5% p.a. This variation depends upon the individual profiles.

Do we have to pay during the study period for the Auxilo education loan?

Yes, simple/partial interest has to be paid during the study period. A student can start repaying the principal amount 6 months after the course completion or once he/she gets a job (whichever is earlier).

What is the processing time for Auxilo abroad education loan?

The processing time for an Auxilo education loan is of 5 working days.

For which countries does Auxilo provide an abroad education loan?

Auxilo offers abroad education loans for the US, UK, Canada, Germany, France, Australia, New Zealand, and Ireland.

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Our Customers. Our Asset

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testimonials

Vaibhav Desai

Stevens Institute of Technology, USA

An alumnus of Stevens Institute of Technology, Vaibhav Desai was working as Data Engineer- SQL at Datavail Infotech. He later decided to pursue MS in US to open up many career opportunities. While articulating how he planned his MS in U...

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Ashish Acharya

National College of Ireland, Ireland

Ashish's life story includes working for multiple companies when he decided to pursue masters from abroad after realizing the boom in the analytics sector. He did his masters from National College of Ireland. In his story, Ashish also s...

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Yugali Gullapalli

University of Wisconsin-Madison , USA

Yugali shares the excerpts from her journey's story of pursuing MS in Computer Systems and Networking, Wisconsin-Madison US. She wanted global exposure and thus chose to study abroad. She describes how she was facing issues with the spe...

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Ganga Barani

SUNY Buffalo, USA

Read how Ganga Barani planned his MS from the SUNY Buffalo US. While working as a software developer at a product-based MNC, he yearned for seeing the world and made his mind to study abroad. In his story, he also tells GyanDhan came as...

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Abhishek Kumar

Purdue University, USA

Graduation from NIT Nagpur and then 4 years in TCS Mumbai, Abhishek's study abroad journey is an interesting tale of planning, preparing, and finally pursuing MS from the Arizona State University. His recollects how he successfully plan...

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Pradeep Shekhar

University of California, USA

A graduate of IIT Madras, Pradeep Shekhar went on pursue Masters in Communications and Signal Processing from University of California, Santa Barabara. Pradeep revisits his journey to UCSB from IIT Madras and also shares how GyanDhan he...

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Hemalatha Jayakrishnan

Rochester Institute of Technology, USA

To steer up the career opportunities while working at Hindustan Aeronautics Limited (HAL), Hemalatha Jayakrishnan decided to pursue abroad education. She went on to do MBA from Rochester Institute of Technology, United States. Hemalatha...

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Ashutosh Sharma

The University of Utah, USA

Discontented by his career growth, Ashutosh Sharma decided to give his career a major boost and went on to pursue MS in Business Analytics from The University of Utah. Ashustosh describes his study abroad journey and also recollects how...

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Deepa Krishnakumar

University of Auckland, New Zealand

Deepa was in the academic world working as an assistant professor when het peer group and seniors suggested her about the quality education and career opportunities of abroad education. In her story to the University of Auckland, New Ze...

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Akash Kashyap

Arizona State University, USA

Akash has a deep interest in analytics and was working in Deloitte as a consultant when he decided to study abroad to beef up the career opportunities. He did MS in Business Analytics & Information Management from Purdue University. In h...

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