At Auxilo, we’re committed to simplifying your education loan journey through secure, fast, and intelligent digital solutions.
With Account Aggregator, sharing your financial data is now easier, safer, and quicker than ever - helping you focus on what truly matters: your academic dreams.
The Account Aggregator (AA) framework is transforming how individuals share and use their financial data - making access to loans and financial products faster, simpler, and completely secure.
With Account Aggregators, you can safely and seamlessly share your financial information with lenders or other financial institutions, all through a digital and consent-based process. That means you stay in full control of what data you share, who you share it with, and for how long.
At Auxilo, we’ve always believed in using technology to make education financing effortless. As one of the early adopters of the Account Aggregator framework, we’ve integrated AA into our digital loan journeys - helping students and parents experience faster loan approvals, instant verifications, and a truly paperless process.
An Account Aggregator (AA) is a licensed entity regulated by the Reserve Bank of India (RBI). It allows secure sharing of financial data between two regulated financial institutions - but only with your explicit consent.
Here’s what the process looks like when you use Account Aggregator in your Auxilo education loan journey:
Choose what to share, with whom, and for how long.
No physical documents or manual uploads — everything happens online.
AAs don’t store or view your data.
Choose specific accounts and time periods for data sharing.
Aadhaar eKYC or CKYC helps verify your identity using basic details like name, address, and gender. Credit bureaus provide your credit history and score. Account Aggregators, on the other hand, share your financial transaction data — such as savings account, current account, and deposit information. In the future, AA may also enable sharing of data related to tax, pensions, mutual funds, stocks, insurance, and more.
Absolutely. AAs do not store or read your data. They simply transfer it between your bank and the requesting financial institution. Your data always remains with your bank.
No. Registering with any one Account Aggregator is sufficient. However, you’re free to register with more if you wish to.
Yes. The AA framework helps Auxilo instantly access your verified income details, making the process faster and more transparent. However, your credit score remains an important factor in assessing your overall creditworthiness before final approval.
Account Aggregators are regulated by the Reserve Bank of India (RBI). They operate under the NBFC-AA license, ensuring compliance, privacy, and customer protection.
No, it doesn’t guarantee approval - but it accelerates the process by providing verified data quickly and reducing delays caused by manual verifications.
If your bank isn’t live on the AA network yet, you can manually upload your bank statements. The system will automatically detect and process them just like before.
Most leading Indian banks like HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, SBI, and IDFC First Bank have joined the AA ecosystem. You’ll see a list of available banks when you choose the AA option during your loan journey.