Auxilo vs Prodigy Finance: Which Education Loan Is Better for You?

Auxilo is a Non-Banking Financial Company (NBFC) that was established in 2017 and has assisted more than 10,000 Indian students to take education loans to study in 31 countries and in 1,250 institutions. Prodigy Finance was started in 2007 as an international loan provider of education loans in USD and has disbursed over 1.4 billion dollars in loans across the world and has assisted over 2,000 Indian students across the world. Choosing between Auxilo vs Prodigy Finance student loan options involves - comparing flexibility, eligibility, and repayment across different currencies.

Key Features of Auxilo vs Prodigy Finance Education Loan

When comparing Auxilo vs Prodigy Finance education loans, you will notice distinct benefits offered by each lender. Auxilo vs Prodigy Finance student loan features vary in loan amount offered, repayment terms, and currency of disbursement, giving applicants the opportunity to choose the option that best supports their academic journey. 

Auxilo vs Prodigy Finance Interest Rate Comparison

Auxilo vs Prodigy Finance interest rate comparison is crucial since one works in INR while the other operates in USD. For students exploring Auxilo vs Prodigy Finance student loan options, this difference shapes repayment planning and overall affordability abroad.

Notes: 

• 
  Prodigy Finance and Auxilo offer loans on a floating interest rate, which may vary during the loan tenure.
• 
  Depending on the university’s ranking, Prodigy Finance’s rate of interest can go up to 18%.

Auxilo vs Prodigy Finance Loan Eligibility

Auxilo vs Prodigy Finance loan eligibility matters because loan requirements directly influence approval. Knowing where your profile aligns saves time, reduces rejection risk, and brings you closer to securing the right loan.

Auxilo Education Loan Eligibility:

• 
  Auxilo finances both STEM as well as non-STEM courses.
• 
  An applicant should be above the age of 18 when filing an application.
• 
  Students are still allowed to have up to five backlogs as long as their academic performance is strong.
• 
  Approval will require a minimum CIBIL score of 700.
• 
  The co-applicant must be earning at least ₹ 20,000 per month, without considering current liabilities.

Prodigy Finance Education Loan Eligibility:

• 
  The program and university should appear in Prodigy Finance’s approved list.
• 
  Education loans are available only for master’s programs under STEM courses.

You can also check out our blog on the Prodigy Finance university list.

Auxilo or Prodigy Finance Which is Better?

Now the question comes to Auxilo or Prodigy Finance which is better? Its answer depends on your program type, course, and repayment options. Auxilo offers unsecured loans up to ₹70 lakhs for STEM courses in the US and covers non-STEM programs as well, which Prodigy Finance does not. Prodigy stands out by providing USD-based loans of up to $180,000 without collateral or a co-applicant. If you’re unsure which option fits your profile, check your loan eligibility within 2 minutes on GyanDhan and compare lenders closely.

Costs and repayment terms also draw a distinction. Auxilo charges a processing fee of 0.5%–1% plus GST, while Prodigy adds 5% to the balance along with a $500 sanction letter fee. Moratorium periods vary too, as Auxilo grants course duration plus one year, whereas Prodigy allows only six months after graduation. Reviewing these factors carefully will help you decide.

Frequently Asked Questions