Auxilo vs Poonawalla Fincorp: Which Student Loan is Better for Abroad Studies?

When planning to study abroad, the right lender can make all the difference in how smooth the financial journey feels. Poonawalla Fincorp stands out with its fully online loan process, available across 63 cities, while also covering a broad range of expenses like tuition, accommodation, travel, insurance, and even gadgets, all without prepayment penalties. Auxilo takes a more personalized route, reviewing over 15 aspects of a student’s profile to design flexible loans for destinations such as the US, UK, Canada, Australia, Germany, and others. Let’s see in detail which lender is best for education loan Auxilo vs Poonawalla Fincorp?

Overview of Auxilo vs Poonawalla Fincorp Education Loan

To help you choose wisely, we’ve put together a detailed comparison of Auxilo vs Poonawalla Fincorp education loan. This table will make it easier to see how each lender differs and where they align.

Straight Through Process*

Auxilo vs Poonawalla Fincorp No Collateral Loans

When comparing Auxilo vs Poonawalla Fincorp education loans, students often look closely at the no-collateral options. Auxilo vs Poonawalla Fincorp no collateral loans differ in both loan limits and rates. Auxilo’s interest rates for a master course, degree, or diploma range between 12% and 13.75%, while Poonawalla Fincorp starts from 10.75%*. In terms of amounts, Poonawalla allows unsecured loans of ₹75 lakh to ₹1 crore for institutes falling under their Supreme list. Auxilo, on the other hand, offers up to ₹70 lakh for STEM and ₹40 lakh for non-STEM in the US, and up to ₹60 lakh for STEM and ₹30 lakh for non-STEM in other countries.

*Note: Interest rates as of August 2025

Auxilo Education Loan Eligibility:

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  Requires a CIBIL score of 700 or above.
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  Applicant must be at least 18 years old at the time of application.
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  Having a co-applicant is compulsory and accepted profiles include parents, siblings, spouse, close relatives, or a legal guardian with a steady income and good credit record.
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  Students should have no more than five academic backlogs in their history.
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  Eligible for a wide range of programs like undergraduate, postgraduate, diploma, certificate, and doctorate.

Poonawalla Fincorp Education Loan Eligibility:

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  Open to Indian nationals between 18–35 years.
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  Covers a wide range of programs such as graduate, postgraduate, diploma, and PhD.
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  Loan approval applies only to institutes featured on Poonawalla Fincorp’s official list.
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  A co-applicant is mandatory for every student borrower.
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  A CIBIL score of 700+ along with complete documentation plays a key role in getting the loan sanctioned.

Quickly calculate your EMI through Gyandhan' EMI calculator and compare lenders to find the most affordable option for your education journey.

Auxilo vs Poonawalla Fincorp Processing Fee

Processing fees also play a role in choosing the right lender, since some charge significantly lower than others. So the question is, which lender is best for education loan Auxilo vs Poonawalla Fincorp?

Auxilo keeps things lighter with charges ranging from 0.5% to 1% of the loan amount plus GST. Poonawalla charges up to 2% of the loan amount plus GST, while for select institutes under the STP category, the processing fee is ₹29,999 plus GST.

Auxilo vs Poonawalla Fincorp Loan Approval Time

Students often need their loan sanctioned quickly, sometimes because another lender has rejected them, sometimes due to upcoming tuition fee deadlines, or even to avoid delays in the visa process. In such cases, Auxilo vs Poonawalla Fincorp education loan approval time becomes an important factor. Eligibility also plays a major role, as applicants who meet all the requirements usually see their loans processed much faster.

Auxilo Loan Approval Time:

Auxilo loan approval time is usually between 7 - 12 working days for unsecured loans. The exact time depends on the eligibility criteria, completion of the documents of the applicant and whether all documents are submitted correctly.

Poonawalla Fincorp Loan Approval Time:

Poonawalla Fincorp education loan approval is generally completed within 7 days, provided the student’s chosen institution is part of the Poonawalla Fincorp list and all eligibility conditions are met.

Auxilo vs Poonawalla Fincorp Approved Colleges

When looking at Auxilo vs Poonawalla Fincorp education loan options, one key difference lies in the number of institutes each lender supports. Auxilo has a wide reach, covering 1,400+ universities across more than 25 countries, giving students flexibility as approvals largely depend on meeting eligibility requirements rather than being fixed to a list.

Poonawalla Fincorp supports students through a network of 2,000+ institutes, which are grouped into different categories – Supreme, Prime Plus, Prime, and Standard. The category your university falls under directly influences the interest rate and loan terms. Among these, the Supreme category features some of the top global universities. Getting an admit from one of these institutes not only makes it easier to qualify for a loan but also helps in securing a more competitive interest rate. A few names from the Supreme list are mentioned in the table below.

Read more about: Poonawalla Fincorp Loan for Study Abroad: Universities & Courses List

Which Lender is best for education loan Auxilo or Poonawalla Fincrop

Now it comes to the main question — which lender is best for education loan Auxilo or Poonawalla Fincorp? The answer really depends on your profile and what you value the most, since both lenders bring different benefits to the table.

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  Auxilo generally charges between 0.5% to 1% of the loan amount plus GST, while Poonawalla Fincorp may charge up to 2% plus GST.

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  With Auxilo, unsecured loan approvals usually take 7 to 12 working days. Meanwhile, Poonawalla Fincorp can process approvals within 7 days if all eligibility conditions are met.

So, while Auxilo might appeal to students looking for lower processing fees and broader global coverage, Poonawalla Fincorp can be the faster choice for those applying to colleges on its curated list. Check education loan eligibility on GyanDhan now and explore which education loan option works best for you.

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