Here’s a simple process for education loan! Our process is super simple. In just a few easy steps,
you will be on your way to fulfilling your dreams and striving for success!
Know more about our Education Loan Process here.
Reach Us
You can find us online or visit one of our branches.
Fill-in your Details
Our application is simple and requires basic information.
Share the relevant Documents
We can swing by and pick-up the documents. Check the documents required for education loan here.
Loan Disbursed
Get your education loan and achieve your dreams!
Choose a repayment plan that suits your needs and breeze through the EMIs. You can make the process even easier by using our education loan repayment calculator to thoroughly plan your education loan repayment.
Education Loan Vs Self-financing
Education Loan
- Take the load off your finances with monthly instalments and timely financial planning.
- With Auxilo, an education loan for studying abroad & in India provides you with full coverage i.e it includes tuition fees, living expenses, etc at zero margin money!
- An education loan with Auxilo does not require you to go through the trouble of liquidating your savings or sourcing money from family. You can save that for the future and borrow independently for now!
- An education loan with Auxilo provides you the opportunity to build a strong credit score that will help you in your future financial plans.
- An education loan is unaffected by currency rate fluctuations.
Self-financing
- You will be required to pay the fees and other expenses in full amounts and in one go.
- You will be required to pay for all expenses separately and at the beginning of the academic year.
- You will be required to liquidate savings and borrow money from family – this may make an impact on your future financial plans.
- In self-financing, you cannot build a credit score and thus the opportunities to apply for a credit card, procure a loan etc. is adversely affected.
- In self-financing, you may be burdened by the changes in the currency rate as the fee amount you will be paying will be huge.
Pursuing your higher education is a dream that may exhaust all of your parents’ savings and force you to borrow from friends and family. Education loans give you a chance to overcome this problem and make sure those resources are there safeguarding your future. At Auxilo, we believe in making our students independent to repay their education loan in a less tiresome manner. We do that by providing competitive interest rates and a simplified procedure. You can also explore and calculate your EMIs with our education loan interest calculator here. Our aim is to make you independent for your own career growth.
Educational loans can be a stepping stone in your efforts to achieve your dreams. We want to make you accountable for your education by making you the primary applicant of your loan, so that your parents can be stress-free. An investment in knowledge today will help you to bear the fruits of it for the rest of your life. Consider this education loan as an investment for your better future.
Handling your education loan EMIs gives you valuable repayment experience. You learn how to juggle income, expenses and your monthly installments. This can be very helpful in the future when you need to take a bigger loan – such as a home loan or a personal loan.
Successfully repaying an education loan will do your credit score a world of good! And again, this can be very helpful in the future – it could help you with lower interest rates, higher loan amounts and better processing fee on loans you take later on in life. Know more & calculate your EMIs with our education loan interest calculator here.
Some students choose to save money and cover the cost of their course on their own. However, due to inflation, the cost of the course keeps increasing. An education loan also safeguards you from currency fluctuation – in case you choose to study at a foreign university.
Emergencies can crop at any time! When you take an education loan, you can tuck away funds to cover these contingencies without having to tap into your life savings or liquidate your assets. However, when you self-finance, you might be forced to utilize these financial resources leaving you empty-handed when an emergency does arise.
An education loan with Auxilo does not require you to go through the trouble of liquidating your savings or sourcing money from family. You can save that for the future and borrow independently for now!
With Auxilo, an education loan for studying abroad & in India provides you with full coverage i.e it includes tuition fees, living expenses, etc at zero margin money! Helps build a better credit score to ensure easier access & better deals on future loans.
Education Loan is paid in Easy EMIs. Auxilo gives a repayment Period up to 12 years, which makes it easy on the pocket. One can get the loan sanction from Auxilo even before admission confirmation. Infact students get the loan sanction at the time of application to Universities & use Auxilo Sanction letter to show 'proof of funds'.
Taking an education loan makes students value his education even more and helps him take the mature first step of taking financial responsibility. An opportunity for every parent to give his child 'the wings' to fly!