AUXILO

Overview of Auxilo Education Loan

Auxilo Finserve is an education-focused NBFC specializing in funding higher education for Indian students studying in India and abroad. Auxilo is known for its customized underwriting approach, focus on employability outcomes, and flexibility in funding high-value professional and overseas programs. EduFi supports students by assessing eligibility, structuring the loan correctly, managing documentation, and coordinating end-to-end processing with Auxilo to ensure timely approvals and smooth disbursement.

What Is an Auxilo Education Loan?

An Auxilo Education Loan is a term loan designed for Indian students admitted to full-time undergraduate, postgraduate, and professional programs at recognized institutions. Auxilo evaluates applications using a combination of academic background, course relevance, institution ranking, and projected career outcomes. The loan structure allows students to complete their education before beginning repayment, with EMIs starting after the moratorium period.

Why Auxilo Is a Preferred Choice for Students

Auxilo is preferred by students pursuing overseas education and specialized professional courses due to its flexible credit assessment and ability to fund higher loan amounts. Unlike traditional banks, Auxilo places strong emphasis on future income potential and course employability rather than rigid collateral rules alone. Faster processing timelines, availability of unsecured loans, and structured repayment options make Auxilo suitable for students targeting global universities and premium programs.

Auxilo Education Loan Schemes

Auxilo Education Loan (India & Abroad)
This core loan offering supports both domestic and international education. Loan amounts are structured based on total cost of education, institution ranking, and student profile. Auxilo actively funds MS, MBA, medical, engineering, law, and specialized professional courses.

Unsecured Education Loans
Auxilo offers unsecured education loans for eligible students admitted to reputed institutions. These loans are sanctioned based on academic merit, employability outlook, and co-applicant income strength, without requiring tangible collateral.

Secured Education Loans
For higher loan requirements, Auxilo provides secured education loans backed by residential or commercial property, fixed deposits, or other approved securities. Secured loans typically offer higher funding limits and comparatively better interest terms.

Loan Amount & Coverage

Maximum Loan Amounts and Limits
Auxilo education loans can extend up to ₹1.5 crore or more, depending on course cost, country of study, and collateral availability. There is no fixed upper cap for secured loans, making Auxilo suitable for high-cost international education programs.

What Expenses Are Covered
Auxilo loans cover tuition fees, accommodation, books, equipment, travel expenses, insurance, and other study-related costs. Living expenses for overseas education are included as part of the total cost of education.

Interest Rates & Repayment Terms

Current Auxilo Interest Rates (as of 2025)
Interest rates typically range between 11.00% and 14.50% per annum, depending on whether the loan is secured or unsecured, the institution, course, and applicant profile. Rates are floating and subject to periodic revision.

Repayment Options and Tenure
Auxilo offers repayment tenures of up to 15 years, allowing students to manage EMIs comfortably after course completion. Flexible repayment structures may be available based on expected post-study income.

Moratorium and EMI Details
The moratorium period generally includes the course duration plus an additional 6–12 months. Interest may accrue during this period, with EMIs beginning after the moratorium on a reducing balance basis.

Eligibility Criteria

Student Eligibility Requirements
Applicants must be Indian nationals with confirmed admission to recognized institutions in India or abroad. Academic consistency, course relevance, and institution ranking play a key role in eligibility evaluation.

Co-applicant Requirements
A co-applicant is mandatory. Parents, guardians, or spouses with stable income sources are accepted. Co-applicant income stability and credit profile strongly influence loan approval.

Course Types and Countries Covered
Auxilo supports engineering, management, medicine, law, analytics, design, and STEM-focused programs across the US, UK, Canada, Australia, Europe, and other major study destinations.

Margin Requirements & Collateral Details

Loan Margin Explained
Margin requirements depend on loan structure and course type. Unsecured loans may involve moderate margin expectations, while secured loans may require a defined contribution from the borrower.

When Collateral Is Required
Collateral is required for higher loan amounts or when unsecured eligibility criteria are not met. Accepted collateral includes residential or commercial property and fixed deposits.

Unsecured / Non-Collateral Options
Auxilo offers unsecured education loans for eligible students admitted to reputed institutions with strong academic and employability profiles.

Documents Required for Auxilo Education Loan

Checklist for Student Documents
Admission letter, fee structure, academic records, identity proof, passport, visa documents (for overseas education), and standardized test scores where applicable.

Checklist for Co-applicant Documents
KYC documents, income proof (salary slips or ITRs), bank statements, and credit profile details.

Additional Collateral Documents (If Applicable)
Property title deeds, valuation reports, and legal documentation are required for secured loans.

Application Process (Step-by-Step)

How to Apply with EduFi
EduFi evaluates your profile, recommends the right Auxilo loan structure, assists with documentation, submits the application, and coordinates directly with Auxilo’s processing team.

Timeline from Application to Sanction
With complete documentation, Auxilo typically processes education loan applications within 7–15 working days. EduFi’s structured support helps reduce delays and improve approval timelines.

Common Benefits of Auxilo Education Loans

Interest Concessions
Interest rates may vary based on academic merit, institution ranking, and secured versus unsecured loan structure.

Flexible Repayment Terms
Customized repayment options help align EMIs with expected career progression and income stability.

Coverage of Living and Travel Expenses
Auxilo loans include international living costs, insurance, and travel expenses as part of total education funding.

How EduFi Supports Your Auxilo Loan Application

Expert Eligibility Assessment
EduFi reviews academic credentials, institution quality, and co-applicant profile to assess approval probability.

Documentation Assistance
Checklist-based document verification reduces errors and rejection risks.

Personalized Lender Matching and Follow-Up
EduFi tracks the Auxilo loan application closely until sanction and disbursement.

Auxilo Education Loan for Study Abroad

Popular Study Destinations Covered
United States, United Kingdom, Canada, Australia, Germany, Ireland, and other global education hubs.

Country-Specific Loan Tips
Programs with strong employability outcomes and reputed universities improve approval chances and interest terms.

Loan Margin & Disbursement for Abroad Studies
Disbursement is typically made in tranches aligned with university fee schedules and visa approvals.

Frequently Asked Questions (FAQ)

What Is the Maximum Loan Auxilo Provides?
Auxilo can fund up to ₹1.5 crore or more depending on collateral, course cost, and eligibility.

How Long Does Auxilo Loan Processing Take?
Typically 7–15 working days with complete documentation.

Can I Get a Loan Without Collateral?
Yes, unsecured loans are available for eligible profiles and reputed institutions.

How Is the Loan Disbursed?
Disbursement is made directly to the institution in stages as per the fee schedule.

Tools & Resources

Auxilo provides EMI calculators and repayment planning tools. EduFi further assists with EMI structuring, Section 80E tax benefit guidance, and long-term repayment planning.