Auxilo Education Loans for Abroad Studies: Everything You Need to Know

    Updated on: 04 Sep 2023 8 min read


    There used to be a time when India had a very skewed credit culture that only favored a few, and a majority was left out. The financial market upheavals happened in the early 90s, and since then, India has treaded on the path of prosperity. One of the reasons for India's growth is the education sector, and the advent of new entrants in the banking world has completely turned the tables. Now education loans are not restricted to those who have high valued collaterals or come from well-heeled families. The ambit of lending has seen an exponential rise with the growth of NBFCs. And when it comes to NBFCs working in abroad education loan space, the name of Auxilo certainly comes out among the top. 

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    Advantages of Abroad Education Loan from Auxilo

    There are several advantages of getting a loan from Auxilo, making it a better alternative to traditional lenders. Some of the salient features of a loan from Auxilo are:

    Best alternate for those who don't have access to traditional lenders

    It is one of the best alternatives for many students who are denied loans from traditional lenders. If you don't have a great academic record or don't have collateral to pledge, Auxilo is perhaps the best alternative. It helps students in getting an abroad education loan irrespective of their financial condition. 

    Customized Loan Experience 
    This feature is premised on the fact that every student has a different need. What might be an ideal loan scheme for you that might not be the best choice for the next student? The customization of loans helps students get loans without having the need to fit into criteria. 

    Flexible Repayment
    Auxilo gives utmost liberty in loan repayment by moulding the terms and conditions in coherence with your financial capability. The cost of borrowing shouldn't be the same for everyone, and Auxilo takes care of this by giving EMI options that fit your pocket. 


    Multi-City Co-applicants 
    It is an excellent feature of loans from Auxilo as it allows loan applicants to have co-applicants residing in different cities. The difference in location of applicant and co-applicant isn't a bar for taking a loan from Auxilo. It also allows more than one co-applicant to be added so that a student can take the required amount of loan if one co-applicant doesn't suffice to cover the loan.

    Loan Sanction Before Admission
    There are several universities wherein your admission pivots on your ability to furnish the "proof of funds." In countries like Germany, Canada, New Zealand, you have first to furnish the loan sanction documents for issuance of visa. Auxilo understands this concern and helps students by early disbursal of loans coupled with living expenses. It also enhances your chances of getting into your preferred university. 

    Repayment of loans 
    Repayment of a loan is a big task, and it starts a considerably large monetary transaction. The repayment of the loan in EMIs starts six months after the completion of the course or after you secure a job. The terms of repayment are pretty flexible and adjusted according to the repayment ability of the loan. In the course of your studies, you will have to pay a partial interest rate on the loan amount. 



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Written by Madhuwrita Nandi

Reader, writer, music lover!


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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions


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GyanDhan is India's first education financing marketplace.



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